DRACAENA READING LIMITED

Company Registration Number:
12143583 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

DRACAENA READING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

DRACAENA READING LIMITED

Company Information

for the Period Ended 31 August 2024




Director: A F Tulloch
G N F Tulloch
P A Cotton
Registered office: 51
St. Margaret's Avenue
Cottingham
East Riding Of Yorkshire
HU16 5NS
Company Registration Number: 12143583 (England and Wales)

DRACAENA READING LIMITED

Directors' Report Period Ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal Activities

The principal activity of the company in the year under review was that of Drain Clearance & Survey.

Directors

The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
A F Tulloch
G N F Tulloch
P A Cotton

This report was approved by the board of directors on 31 May 2025
And Signed On Behalf Of The Board By:

Name: G N F Tulloch
Status: Director

Name: P A Cotton
Status: Director

DRACAENA READING LIMITED

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 234,969 258,358
Tangible assets: 5 174,378 262,953
Total fixed assets: 409,347 521,311
Current assets
Stocks: 2,000 2,000
Debtors: 525,412 317,063
Cash at bank and in hand: 106,511 172,104
Total current assets: 633,923 491,167
Creditors: amounts falling due within one year: ( 285,526 ) ( 281,574 )
Net current assets (liabilities): 348,397 209,593
Total assets less current liabilities: 757,744 730,904
Creditors: amounts falling due after more than one year: ( 450,042 ) ( 418,026 )
Total net assets (liabilities): 307,702 312,878

The notes form part of these financial statements

DRACAENA READING LIMITED

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 307,602 312,778
Shareholders funds: 307,702 312,878

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 May 2025
And Signed On Behalf Of The Board By:

Name: G N F Tulloch
Status: Director

Name: P A Cotton
Status: Director

The notes form part of these financial statements

DRACAENA READING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each tangible fixed asset over its estimated
    useful life:
    Plant & Machinery 25% (reducing balance)
    Motor Vehicles 25% (reducing balance)
    Equipment 25% (reducing balance)

    Intangible fixed assets amortisation policy

    Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic

    Franchise Agreement 6.67% (straight line)

DRACAENA READING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 14 15

DRACAENA READING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

DRACAENA READING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 September 2023 345,756
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 August 2024 345,756
    Amortisation
    Amortisation at 01 September 2023 87,398
    Charge for year 23,389
    On disposals -
    Other adjustments -
    Amortisation at 31 August 2024 110,787
    Net book value
    Net book value at 31 August 2024 234,969
    Net book value at 31 August 2023 258,358

DRACAENA READING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Tangible Assets

Total
Cost £
At 01 September 2023 443,387
Additions 11,631
Disposals (24,078)
Revaluations -
Transfers -
At 31 August 2024 430,940
Depreciation
At 01 September 2023 180,434
Charge for year 84,160
On disposals (8,032)
Other adjustments -
At 31 August 2024 256,562
Net book value
At 31 August 2024 174,378
At 31 August 2023 262,953