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REGISTERED NUMBER: 02950360 (England and Wales)












DRAIN ALERT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DRAIN ALERT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr S W Ormisher
Mrs L Ormisher





SECRETARY: Mr S W Ormisher





REGISTERED OFFICE: Cripplegate Barn
Cripplegate Lane
Hoghton
Preston
Lancashire
PR5 0RR





REGISTERED NUMBER: 02950360 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 334,262 374,414
334,262 374,414

CURRENT ASSETS
Debtors 307,333 233,085
Cash at bank and in hand 91,681 68,179
399,014 301,264
CREDITORS
Amounts falling due within one year 234,379 194,141
NET CURRENT ASSETS 164,635 107,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,897

481,537

CREDITORS
Amounts falling due after more than
one year

(146,449

)

(199,511

)

PROVISIONS FOR LIABILITIES (81,946 ) (69,447 )
NET ASSETS 270,502 212,579

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,402 212,479
SHAREHOLDERS' FUNDS 270,502 212,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mr S W Ormisher - Director


DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Drain Alert Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents net invoiced value of goods and services supplied, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 17,000
AMORTISATION
At 1 October 2023
and 30 September 2024 17,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 928,299
Additions 25,795
Disposals (33,082 )
At 30 September 2024 921,012
DEPRECIATION
At 1 October 2023 553,885
Charge for year 62,628
Eliminated on disposal (29,763 )
At 30 September 2024 586,750
NET BOOK VALUE
At 30 September 2024 334,262
At 30 September 2023 374,414

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023 457,420
Transfer to ownership (144,600 )
At 30 September 2024 312,820
DEPRECIATION
At 1 October 2023 163,712
Charge for year 37,783
Transfer to ownership (102,671 )
At 30 September 2024 98,824
NET BOOK VALUE
At 30 September 2024 213,996
At 30 September 2023 293,708

DRAIN ALERT LIMITED (REGISTERED NUMBER: 02950360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,483 37,038
Hire purchase contracts 189,437 232,553
220,920 269,591

The bank borrowings are secured by way of a fixed and floating charge over all assets and goodwill of the Company. The bank loan relates to monies obtained via the Coronavirus Bounce Back Loan Scheme and as such the government guarantees 100% of the borrowings to the lender. The hire purchase contracts are secured on the assets to which the agreement relates.

7. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.