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Registration number: 08549456

DRA Contracts Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

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DRA Contracts Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

DRA Contracts Limited

Company Information

Directors

Mr D R Allen

Claudia Rosani-Allen

Company secretary

Claudia Rosani-Allen

Registered office

13 Wedgwood Avenue
Blakelands
Milton Keynes
Bucks
MK14 5HY

Accountants

Michael J Emery & Co Limited
Chartered Accountants22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

DRA Contracts Limited

(Registration number: 08549456)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

64,651

61,652

Current assets

 

Cash at bank and in hand

 

17,386

17,339

Creditors: Amounts falling due within one year

5

(689)

(436)

Net current assets

 

16,697

16,903

Net assets

 

81,348

78,555

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

-

11,843

Retained earnings

81,347

66,711

Shareholders' funds

 

81,348

78,555

For the financial year ending 31 October 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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Mr D R Allen
Director

 

DRA Contracts Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

1

66,711

66,712

Profit for the year

-

14,636

14,636

At 31 October 2024

1

81,347

81,348

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2022

1

-

66,809

66,810

Profit for the year

-

-

11,745

11,745

Other comprehensive income

-

11,843

(11,843)

-

Total comprehensive income

-

11,843

(98)

11,745

At 31 October 2023

1

11,843

66,711

78,555

 

DRA Contracts Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
13 Wedgwood Avenue
Blakelands
Milton Keynes
Bucks
MK14 5HY
UK

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

DRA Contracts Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, including directors, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in associates

64,651

61,652

 

DRA Contracts Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

402

378

Other creditors

91

58

Corporation tax control

196

-

689

436