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REGISTERED NUMBER: 07707137















B P DRAINS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






B P DRAINS LTD (REGISTERED NUMBER: 07707137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B P DRAINS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms Z M Busby
Mr B A Peachey





REGISTERED OFFICE: Unit 11, Invicta Way
Manston park
Ramsgate
Kent
CT12 5FD





REGISTERED NUMBER: 07707137





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

B P DRAINS LTD (REGISTERED NUMBER: 07707137)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,937 127,948

CURRENT ASSETS
Stocks 2,700 2,700
Debtors 5 192,806 174,934
Cash at bank 131,888 143,439
327,394 321,073
CREDITORS
Amounts falling due within one year 6 (149,553 ) (108,484 )
NET CURRENT ASSETS 177,841 212,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,778

340,537

CREDITORS
Amounts falling due after more than one
year

7

(102,343

)

(142,596

)
NET ASSETS 170,435 197,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,335 197,841
SHAREHOLDERS' FUNDS 170,435 197,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B P DRAINS LTD (REGISTERED NUMBER: 07707137)

BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




Mr B A Peachey - Director



Ms Z M Busby - Director


B P DRAINS LTD (REGISTERED NUMBER: 07707137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

B P Drains Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixture & Fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

B P DRAINS LTD (REGISTERED NUMBER: 07707137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 189,281 720 144,210 10,725 344,936
Additions - - - 614 614
At 31 July 2024 189,281 720 144,210 11,339 345,550
DEPRECIATION
At 1 August 2023 120,396 553 86,394 9,645 216,988
Charge for year 14,097 25 19,079 424 33,625
At 31 July 2024 134,493 578 105,473 10,069 250,613
NET BOOK VALUE
At 31 July 2024 54,788 142 38,737 1,270 94,937
At 31 July 2023 68,885 167 57,816 1,080 127,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,133 57,326
Sundry debtors 57,041 57,041
Directors' current accounts 84,789 60,167
Prepayments 3,843 400
192,806 174,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,431 24,431
Trade creditors 20,444 19,382
Corporation Tax 24,228 10,772
Social security and other taxes 5,712 5,297
VAT 19,468 23,852
Accrued expenses 55,270 24,750
149,553 108,484

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,822 15,822
Bank loans - 2-5 years 28,601 44,423
Hire purchase contracts 57,920 82,351
102,343 142,596

B P DRAINS LTD (REGISTERED NUMBER: 07707137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party of BP Drains Limited is the Directors'.