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REGISTERED NUMBER: 09671624 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Dracodrum Ltd

Dracodrum Ltd (Registered number: 09671624)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dracodrum Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A J Morris
S J Morris





REGISTERED OFFICE: Unit 1a Ashmount Enterprise Park
Aber Road
Flint
FLINTSHIRE
CH6 5YL





REGISTERED NUMBER: 09671624 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Dracodrum Ltd (Registered number: 09671624)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 913 1,000
Tangible assets 5 6,228 7,881
7,141 8,881

CURRENT ASSETS
Stocks 18,218 19,787
Debtors 6 11,213 11,379
Cash at bank 6,218 4,458
35,649 35,624
CREDITORS
Amounts falling due within one year 7 50,636 57,564
NET CURRENT LIABILITIES (14,987 ) (21,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,846

)

(13,059

)

CREDITORS
Amounts falling due after more than one year 8 (4,749 ) (9,445 )

PROVISIONS FOR LIABILITIES (1,557 ) (1,970 )
NET LIABILITIES (14,152 ) (24,474 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,252 ) (24,574 )
SHAREHOLDERS' FUNDS (14,152 ) (24,474 )

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.

Dracodrum Ltd (Registered number: 09671624)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:




S J Morris - Director



A J Morris - Director


Dracodrum Ltd (Registered number: 09671624)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Dracodrum Ltd 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty five years and ten years.

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 and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Dracodrum Ltd (Registered number: 09671624)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 1,445
AMORTISATION
At 1 August 2023 445
Charge for year 87
At 31 July 2024 532
NET BOOK VALUE
At 31 July 2024 913
At 31 July 2023 1,000

Dracodrum Ltd (Registered number: 09671624)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 33,769
Additions 701
Disposals (158 )
At 31 July 2024 34,312
DEPRECIATION
At 1 August 2023 25,888
Charge for year 2,326
Eliminated on disposal (130 )
At 31 July 2024 28,084
NET BOOK VALUE
At 31 July 2024 6,228
At 31 July 2023 7,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 9,135 9,587
Other debtors 2,078 1,792
11,213 11,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,790 5,057
Trade creditors 12,525 12,351
Taxation and social security 2,664 5,499
Other creditors 30,657 34,657
50,636 57,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 4,749 9,445

Dracodrum Ltd (Registered number: 09671624)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S J Morris
Balance outstanding at start of year (27,317 ) (19,165 )
Amounts advanced 7,300 4,431
Amounts repaid (4,457 ) (12,583 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,474 ) (27,317 )

A J Morris
Balance outstanding at start of year (6,488 ) (4,184 )
Amounts advanced 6,929 7,740
Amounts repaid (5,785 ) (10,044 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,344 ) (6,488 )

No formal repayment terms have been agreed.