1 1 DRAYSON LAW LTD 06380679 false 2024-02-29 2025-02-28 2025-02-28 The principal activity of the company is the provision of professional services Digita Accounts Production Advanced 6.30.9574.0 true 06380679 2024-02-29 2025-02-28 06380679 2025-02-28 06380679 bus:OrdinaryShareClass1 2025-02-28 06380679 core:CurrentFinancialInstruments 2025-02-28 06380679 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 06380679 bus:SmallEntities 2024-02-29 2025-02-28 06380679 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 06380679 bus:FilletedAccounts 2024-02-29 2025-02-28 06380679 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 06380679 bus:RegisteredOffice 2024-02-29 2025-02-28 06380679 bus:CompanySecretaryDirector1 2024-02-29 2025-02-28 06380679 bus:OrdinaryShareClass1 2024-02-29 2025-02-28 06380679 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 06380679 bus:Agent1 2024-02-29 2025-02-28 06380679 core:FurnitureFittings 2024-02-29 2025-02-28 06380679 core:OfficeEquipment 2024-02-29 2025-02-28 06380679 countries:AllCountries 2024-02-29 2025-02-28 06380679 2023-03-01 2024-02-28 06380679 2024-02-28 06380679 bus:OrdinaryShareClass1 2024-02-28 06380679 core:CurrentFinancialInstruments 2024-02-28 06380679 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06380679

DRAYSON LAW LTD

trading as DRAYSON LAW

Unaudited Filleted Abridged Financial Statements

for the Period from 29 February 2024 to 28 February 2025

 

DRAYSON LAW LTD

trading as DRAYSON LAW

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

DRAYSON LAW LTD

trading as DRAYSON LAW

Company Information

Director

Charles Andrew Drayson

Company secretary

Charles Andrew Drayson

Registered office

White Gables Main Road
Kelsale
Saxmundham
IP17 2QU

Accountants

DAVID J EVANS LTD Radcliffe House
Blenheim Court
Warwick Road
Solihull
B91 2AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DRAYSON LAW LTD

trading as DRAYSON LAW
for the Period Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DRAYSON LAW LTD for the period ended 28 February 2025 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of DRAYSON LAW LTD, as a body, in accordance with the terms of our engagement letter dated 23 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of DRAYSON LAW LTD and state those matters that we have agreed to state to the Board of Directors of DRAYSON LAW LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DRAYSON LAW LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DRAYSON LAW LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of DRAYSON LAW LTD. You consider that DRAYSON LAW LTD is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of DRAYSON LAW LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DAVID J EVANS LTD
Radcliffe House
Blenheim Court
Warwick Road
Solihull
B91 2AA

10 April 2025

 

DRAYSON LAW LTD

trading as DRAYSON LAW

(Registration number: 06380679)
Abridged Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

313

51

Cash at bank and in hand

 

24,682

41,158

 

24,995

41,209

Creditors: Amounts falling due within one year

(311)

(296)

Net assets

 

24,684

40,913

Capital and reserves

 

Called up share capital

5

1,000

1,000

Retained earnings

23,684

39,913

Shareholders' funds

 

24,684

40,913

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 April 2025
 

.........................................
Charles Andrew Drayson
Company secretary and director

 

DRAYSON LAW LTD

trading as DRAYSON LAW

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
White Gables Main Road
Kelsale
Saxmundham
IP17 2QU

These financial statements were authorised for issue by the director on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Profit and loss transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

DRAYSON LAW LTD

trading as DRAYSON LAW

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Office equipment

Straight line, 33.33%

Furniture and fittings

Straight line, 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

DRAYSON LAW LTD

trading as DRAYSON LAW

Notes to the Unaudited Abridged Financial Statements for the Period from 29 February 2024 to 28 February 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

4

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000