Registered number
08636258
DRB Projects (Cumbria) Ltd
Unaudited Filleted Accounts
For the Year Ended
31 August 2024
DRB Projects (Cumbria) Ltd
Registered number: 08636258
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,340 9,671
Current assets
Debtors 4 - 19,299
Cash at bank and in hand 67,324 66,046
67,324 85,345
Creditors: amounts falling due within one year 5 (13,419) (17,795)
Net current assets 53,905 67,550
Total assets less current liabilities 61,245 77,221
Provisions for liabilities (1,395) (1,837)
Net assets 59,850 75,384
Capital and reserves
Called up share capital 101 101
Profit and loss account 59,749 75,283
Shareholders' funds 59,850 75,384
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Bond
Director
Approved by the board on 20 May 2025
DRB Projects (Cumbria) Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 22,921
At 31 August 2024 22,921
Depreciation
At 1 September 2023 13,250
Charge for the year 2,331
At 31 August 2024 15,581
Net book value
At 31 August 2024 7,340
At 31 August 2023 9,671
4 Debtors 2024 2023
£ £
Trade debtors - 19,140
Other debtors - 159
- 19,299
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,865 17,407
Other creditors 554 388
13,419 17,795
6 Other information
DRB Projects (Cumbria) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rocklands Brow Lane
Staveley
Kendal
Cumbria
LA8 9PJ
DRB Projects (Cumbria) Ltd 08636258 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 D Bond No description of principal activity 08636258 2022-09-01 2023-08-31 08636258 core:WithinOneYear 2023-08-31 08636258 core:ShareCapital 2023-08-31 08636258 core:RetainedEarningsAccumulatedLosses 2023-08-31 08636258 2023-09-01 2024-08-31 08636258 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08636258 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08636258 bus:Director40 2023-09-01 2024-08-31 08636258 1 2023-09-01 2024-08-31 08636258 2 2023-09-01 2024-08-31 08636258 core:PlantMachinery 2023-09-01 2024-08-31 08636258 countries:England 2023-09-01 2024-08-31 08636258 bus:FRS102 2023-09-01 2024-08-31 08636258 bus:FilletedAccounts 2023-09-01 2024-08-31 08636258 2024-08-31 08636258 core:WithinOneYear 2024-08-31 08636258 core:ShareCapital 2024-08-31 08636258 core:RetainedEarningsAccumulatedLosses 2024-08-31 08636258 core:PlantMachinery 2024-08-31 08636258 2023-08-31 08636258 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure