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Registered number: 04652208
County Drains Leicester Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Marlow Proactive
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04652208
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 460,938 471,778
460,938 471,778
CURRENT ASSETS
Debtors 5 322,978 425,142
Cash at bank and in hand 79,322 41,835
402,300 466,977
Creditors: Amounts Falling Due Within One Year 6 (285,584 ) (236,602 )
NET CURRENT ASSETS (LIABILITIES) 116,716 230,375
TOTAL ASSETS LESS CURRENT LIABILITIES 577,654 702,153
Creditors: Amounts Falling Due After More Than One Year 7 (282,221 ) (375,338 )
NET ASSETS 295,433 326,815
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 295,333 326,715
SHAREHOLDERS' FUNDS 295,433 326,815
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Kerry Sign
Director
01/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
County Drains Leicester Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04652208 . The registered office is Unit 10 Coalville Business Park, Jackson Street, Coalville, Leicestershire, LE67 3NR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 17)
15 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 486,191 538,867 29,576 1,054,634
Additions 59,826 45,510 489 105,825
As at 31 January 2025 546,017 584,377 30,065 1,160,459
Depreciation
As at 1 February 2024 202,782 352,050 28,024 582,856
Provided during the period 64,756 50,690 1,219 116,665
As at 31 January 2025 267,538 402,740 29,243 699,521
Net Book Value
As at 31 January 2025 278,479 181,637 822 460,938
As at 1 February 2024 283,409 186,817 1,552 471,778
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 299,202 291,430
Prepayments and accrued income 1,013 747
Other debtors - 9,805
Corporation tax recoverable assets - 18,400
Directors' loan accounts 7,072 89,069
307,287 409,451
Due after more than one year
S455 tax 15,691 15,691
322,978 425,142
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 63,092 67,912
Trade creditors 84,659 47,245
Corporation tax 32,645 -
Other taxes and social security 38,873 75,684
Net wages - 7,195
Other creditors 2,973 2,228
Other creditors - Lloyds Factoring account 41,342 19,138
Accruals and deferred income 22,000 17,200
285,584 236,602
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 224,387 266,291
Bank loans 57,834 109,047
282,221 375,338
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 63,092 67,912
Later than one year and not later than five years 224,387 266,291
287,479 334,203
287,479 334,203
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Stewart Osgood 89,069 - 25,840 63,229 -
Mrs Janet Osgood - 7,072 - - 7,072
The above loan is unsecured, interest free and repayable on demand.
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