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REGISTERED NUMBER: 08432745 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

STAFFORD DRAINS LIMITED

STAFFORD DRAINS LIMITED (REGISTERED NUMBER: 08432745)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STAFFORD DRAINS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr R G Bates





SECRETARY:





REGISTERED OFFICE: The Old Coach House
Horse Fair
Rugeley
Staffordshire
WS15 2EL





REGISTERED NUMBER: 08432745 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

STAFFORD DRAINS LIMITED (REGISTERED NUMBER: 08432745)

BALANCE SHEET
31 JULY 2024

31/7/23 31/7/24
£    Notes £   
FIXED ASSETS
27,178 Tangible assets 4 21,732

CURRENT ASSETS
55,112 Debtors 5 40,815
2,962 Cash at bank 2
58,074 40,817
CREDITORS
(62,337 ) Amounts falling due within one year 6 (64,439 )
(4,263 ) NET CURRENT LIABILITIES (23,622 )
22,915 TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,890

)

CAPITAL AND RESERVES
3 Called up share capital 3
22,912 Retained earnings (1,893 )
22,915 SHAREHOLDERS' FUNDS (1,890 )

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 director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr R G Bates - Director


STAFFORD DRAINS LIMITED (REGISTERED NUMBER: 08432745)

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

1. STATUTORY INFORMATION

Stafford Drains Limited is a private company, limited by shares , registered in England and Wales. 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 etc - 25% on reducing balance

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 78,492
Additions 1,800
At 31 July 2024 80,292
DEPRECIATION
At 1 August 2023 51,314
Charge for year 7,246
At 31 July 2024 58,560
NET BOOK VALUE
At 31 July 2024 21,732
At 31 July 2023 27,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 40,524 54,832
Other debtors 291 280
40,815 55,112

STAFFORD DRAINS LIMITED (REGISTERED NUMBER: 08432745)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 3,025 -
Trade creditors 15,045 15,526
Taxation and social security 31,543 13,809
Other creditors 14,826 33,002
64,439 62,337