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Registration number: SC103573

Droflet Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Droflet Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Droflet Ltd

(Registration number: SC103573)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

290

-

Cash at bank and in hand

 

11,466

10,930

 

11,756

10,930

Creditors: Amounts falling due within one year

4

(11,738)

(10,623)

Net assets

 

18

307

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(82)

207

Shareholders' funds

 

18

307

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 March 2025 and signed on its behalf by:
 

.........................................
Andrew Kinloch
Director

 

Droflet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
47 Byron Street
DUNDEE
DD3 6QT

2

Accounting policies

Statement of compliance

These 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 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

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.

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.

 

Droflet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 0).

 

Droflet Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,438

4,919

Accruals and deferred income

1,050

2,000

Other creditors

3,250

3,704

11,738

10,623

5

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £294.11 (2023 - £352.94) per each Ordinary A

10,000

12,000

Final dividend of £12,000.00 (2023 - £6,000.00) per each Ordinary D

12,000

6,000

Final dividend of £303.03 (2023 - £363.63) per each Ordinary C

10,000

12,000

32,000

30,000