BrightAccountsProduction v1.0.0 v1.0.0 2024-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 16 April 2025 1 1 10611344 2025-02-28 10611344 2024-02-29 10611344 2023-02-28 10611344 2024-03-01 2025-02-28 10611344 2023-03-01 2024-02-29 10611344 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10611344 uk-curr:PoundSterling 2024-03-01 2025-02-28 10611344 uk-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10611344 uk-bus:FullAccounts 2024-03-01 2025-02-28 10611344 uk-bus:Director1 2024-03-01 2025-02-28 10611344 uk-bus:CompanySecretary1 2024-03-01 2025-02-28 10611344 uk-bus:RegisteredOffice 2024-03-01 2025-02-28 10611344 uk-bus:Agent1 2024-03-01 2025-02-28 10611344 uk-core:ShareCapital 2025-02-28 10611344 uk-core:ShareCapital 2024-02-29 10611344 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 10611344 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 10611344 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 10611344 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 10611344 uk-bus:FRS102 2024-03-01 2025-02-28 10611344 uk-core:PlantMachinery 2024-03-01 2025-02-28 10611344 uk-core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 10611344 uk-core:MotorVehicles 2024-03-01 2025-02-28 10611344 uk-core:CurrentFinancialInstruments 2025-02-28 10611344 uk-core:CurrentFinancialInstruments 2024-02-29 10611344 uk-core:WithinOneYear 2025-02-28 10611344 uk-core:WithinOneYear 2024-02-29 10611344 uk-core:EmployeeBenefits 2024-02-29 10611344 uk-core:EmployeeBenefits 2024-03-01 2025-02-28 10611344 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 10611344 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-02-28 10611344 uk-core:OtherDeferredTax 2025-02-28 10611344 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-02-28 10611344 uk-core:EmployeeBenefits 2025-02-28 10611344 2024-03-01 2025-02-28 10611344 uk-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 10611344
 
 
Clear Drains Drainage and Plumbing Ltd
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2025
Clear Drains Drainage and Plumbing Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Steven McCann
 
 
Company Secretary Kimberley McCann
 
 
Company Registration Number 10611344
 
 
Registered Office 8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
 
 
Business Address 67 Morningside Drive
Manchester
M20 5PW
 
 
Accountants Langers
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
GB



Clear Drains Drainage and Plumbing Ltd
Company Registration Number: 10611344
STATEMENT OF FINANCIAL POSITION
as at 28 February 2025

2025 2024
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 15,310 8,972
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Current Assets
Debtors 5 11,446 1,673
Cash and cash equivalents 98,754 96,483
───────── ─────────
110,200 98,156
───────── ─────────
Creditors: amounts falling due within one year 6 (87,332) (90,072)
───────── ─────────
Net Current Assets 22,868 8,084
───────── ─────────
Total Assets less Current Liabilities 38,178 17,056
 
Provisions for liabilities 7 (3,460) (1,866)
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Net Assets 34,718 15,190
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Capital and Reserves
Called up share capital 100 100
Retained earnings 34,618 15,090
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Equity attributable to owners of the company 34,718 15,190
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 16 April 2025
           
           
________________________________          
Steven McCann          
Director          
           



Clear Drains Drainage and Plumbing Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2025

   
1. General Information
 
Clear Drains Drainage and Plumbing Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 10611344. The registered office of the company is 8-10 Gatley Road, Cheadle, Cheshire, SK8 1PY. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
  Fixtures, fittings and equipment - 25% Straight line
  Motor vehicles - 25% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).
 
  2025 2024
  Number Number
 
Directors 1 1
  ═════════ ═════════
           
4. Property, plant and equipment
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 March 2024 5,116 1,134 11,667 17,917
Additions 6,250 - 5,295 11,545
  ───────── ───────── ───────── ─────────
At 28 February 2025 11,366 1,134 16,962 29,462
  ───────── ───────── ───────── ─────────
Depreciation
At 1 March 2024 5,025 1,003 2,917 8,945
Charge for the financial year 1,609 86 3,512 5,207
  ───────── ───────── ───────── ─────────
At 28 February 2025 6,634 1,089 6,429 14,152
  ───────── ───────── ───────── ─────────
Net book value
At 28 February 2025 4,732 45 10,533 15,310
  ═════════ ═════════ ═════════ ═════════
At 29 February 2024 91 131 8,750 8,972
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2025 2024
  £ £
 
Trade debtors 1,446 1,673
Other debtors 10,000 -
  ───────── ─────────
  11,446 1,673
  ═════════ ═════════
       
6. Creditors 2025 2024
Amounts falling due within one year £ £
 
Trade creditors 903 26
Taxation 31,631 20,466
Director's current account 32,949 37,635
Other creditors 925 958
Accruals 20,924 30,987
  ───────── ─────────
  87,332 90,072
  ═════════ ═════════
         
7. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2025 2024
  £ £ £
 
At financial year start 1,866 1,866 1,189
Charged to profit and loss 1,594 1,594 677
  ───────── ───────── ─────────
At financial year end 3,460 3,460 1,866
  ═════════ ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2025.
           
9. Related party transactions
 
At 28 February 2025 the company owed £32,949 to the director (2024: £37,635). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.
   
10. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.