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REGISTERED NUMBER: 10518672 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 May 2024

for

David Drew Design and Construction
limited

David Drew Design and Construction
limited (Registered number: 10518672)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Drew Design and Construction
limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D O Drew





SECRETARY:





REGISTERED OFFICE: 96 Hicks Common road
Winterbourne
Bristol
BS36 1LJ





REGISTERED NUMBER: 10518672 (England and Wales)





ACCOUNTANTS: PBTA Keynsham Limited
60A High Street
Keynsham
N E Somerset
BS31 1DX

David Drew Design and Construction
limited (Registered number: 10518672)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 121,917 75,089
Investments 5 3 1
121,920 75,090

CURRENT ASSETS
Stocks 1,280,024 898,358
Debtors 6 19,984 130,416
Cash at bank 261,126 117,352
1,561,134 1,146,126
CREDITORS
Amounts falling due within one year 7 643,218 290,299
NET CURRENT ASSETS 917,916 855,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,836

930,917

CREDITORS
Amounts falling due after more than one
year

8

(432,048

)

(421,386

)

PROVISIONS FOR LIABILITIES (19,057 ) (17,438 )
NET ASSETS 588,731 492,093

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 588,631 491,993
588,731 492,093

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

David Drew Design and Construction
limited (Registered number: 10518672)

Balance Sheet - continued
31 May 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 director and authorised for issue on 26 April 2025 and were signed by:





D O Drew - Director


David Drew Design and Construction
limited (Registered number: 10518672)

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

1. STATUTORY INFORMATION

David Drew Design and Construction 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 - 33% on reducing balance, 25% on reducing balance, 20% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

David Drew Design and Construction
limited (Registered number: 10518672)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 150,085
Additions 79,235
Disposals (26,750 )
At 31 May 2024 202,570
DEPRECIATION
At 1 June 2023 74,996
Charge for year 21,875
Eliminated on disposal (16,218 )
At 31 May 2024 80,653
NET BOOK VALUE
At 31 May 2024 121,917
At 31 May 2023 75,089

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 1
Additions 2
At 31 May 2024 3
NET BOOK VALUE
At 31 May 2024 3
At 31 May 2023 1

David Drew Design and Construction
limited (Registered number: 10518672)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 998 116,615
Other debtors 18,986 13,801
19,984 130,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 117,940 18,290
Hire purchase contracts 10,925 3,750
Trade creditors 126,773 17,042
Amounts owed to group undertakings 226,270 -
Taxation and social security 30,559 82,215
Other creditors 130,751 169,002
643,218 290,299

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,367 21,386
Hire purchase contracts 20,681 -
Other creditors 400,000 400,000
432,048 421,386

9. OTHER FINANCIAL COMMITMENTS

The Development loan from Lloyds Bank Plc was secured over the freehold development site.
Hire Purchase loans are secured over the relevant asset.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year the company owed the Director D O Drew £515,266.85 ( 2023 £ 552,917.56) of this amount £ 400,000.00 ( 2023 £400,000.00 ) is due after one year. The Loan is unsecured and is interest free.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D O Drew.