IRIS Accounts Production v25.1.3.33 04308124 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043081242023-12-31043081242024-12-31043081242024-01-012024-12-31043081242022-12-31043081242023-01-012023-12-31043081242023-12-3104308124ns15:EnglandWales2024-01-012024-12-3104308124ns14:PoundSterling2024-01-012024-12-3104308124ns10:Director12024-01-012024-12-3104308124ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104308124ns10:SmallEntities2024-01-012024-12-3104308124ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104308124ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104308124ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104308124ns10:FullAccounts2024-01-012024-12-310430812412024-01-012024-12-3104308124ns10:Director22024-01-012024-12-3104308124ns10:Director32024-01-012024-12-3104308124ns10:RegisteredOffice2024-01-012024-12-3104308124ns5:CurrentFinancialInstruments2024-12-3104308124ns5:CurrentFinancialInstruments2023-12-3104308124ns5:Non-currentFinancialInstruments2024-12-3104308124ns5:Non-currentFinancialInstruments2023-12-3104308124ns5:ShareCapital2024-12-3104308124ns5:ShareCapital2023-12-3104308124ns5:RetainedEarningsAccumulatedLosses2024-12-3104308124ns5:RetainedEarningsAccumulatedLosses2023-12-3104308124ns5:NetGoodwill2024-01-012024-12-3104308124ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-012024-12-3104308124ns5:LeaseholdImprovements2024-01-012024-12-3104308124ns5:PlantMachinery2024-01-012024-12-3104308124ns5:FurnitureFittings2024-01-012024-12-3104308124ns5:MotorVehicles2024-01-012024-12-3104308124ns5:NetGoodwill2023-12-3104308124ns5:NetGoodwill2024-12-3104308124ns5:NetGoodwill2023-12-3104308124ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104308124ns5:LeaseholdImprovements2023-12-3104308124ns5:PlantMachinery2023-12-3104308124ns5:LongLeaseholdAssetsns5:LandBuildings2024-12-3104308124ns5:LeaseholdImprovements2024-12-3104308124ns5:PlantMachinery2024-12-3104308124ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3104308124ns5:LeaseholdImprovements2023-12-3104308124ns5:PlantMachinery2023-12-3104308124ns5:FurnitureFittings2023-12-3104308124ns5:MotorVehicles2023-12-3104308124ns5:FurnitureFittings2024-12-3104308124ns5:MotorVehicles2024-12-3104308124ns5:FurnitureFittings2023-12-3104308124ns5:MotorVehicles2023-12-3104308124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3104308124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3104308124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3104308124ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3104308124ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104308124ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 04308124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Drury Engineering Services Limited

Drury Engineering Services Limited (Registered number: 04308124)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drury Engineering Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D R Ash
D P Drury
D D Summers



REGISTERED OFFICE: East Riverside
Immingham Dock
Immingham
North East Lincs
DN40 2LZ



REGISTERED NUMBER: 04308124 (England and Wales)



BANKERS: NatWest
Brigg Branch
14 Market Place
Brigg
North Lincolnshire
DN20 8EU

Drury Engineering Services Limited (Registered number: 04308124)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 40,000
Tangible assets 5 1,427,808 1,379,720
1,447,808 1,419,720

CURRENT ASSETS
Stocks 63,750 116,786
Debtors 6 2,159,583 2,117,192
Cash at bank 230,351 345,458
2,453,684 2,579,436
CREDITORS
Amounts falling due within one year 7 825,473 1,046,260
NET CURRENT ASSETS 1,628,211 1,533,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,076,019

2,952,896

CREDITORS
Amounts falling due after more than one
year

8

(13,175

)

(23,657

)

PROVISIONS FOR LIABILITIES (178,657 ) (156,973 )
NET ASSETS 2,884,187 2,772,266

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,874,187 2,762,266
SHAREHOLDERS' FUNDS 2,884,187 2,772,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Drury Engineering Services Limited (Registered number: 04308124)

Balance Sheet - continued
31 December 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





D R Ash - Director


Drury Engineering Services Limited (Registered number: 04308124)

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

1. STATUTORY INFORMATION

Drury Engineering Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised from 2016 over its estimated useful life of 10 years.

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.
Long leasehold - in accordance with length of the lease
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and cost. Cost is determined using the first in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.


Drury Engineering Services Limited (Registered number: 04308124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 53 (2023 - 52 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 200,000
AMORTISATION
At 1 January 2024 160,000
Charge for year 20,000
At 31 December 2024 180,000
NET BOOK VALUE
At 31 December 2024 20,000
At 31 December 2023 40,000

Drury Engineering Services Limited (Registered number: 04308124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 361,581 602,420 811,449
Additions - 61,994 86,811
Disposals - - (3,595 )
At 31 December 2024 361,581 664,414 894,665
DEPRECIATION
At 1 January 2024 5,785 60,242 540,198
Charge for year 2,893 66,441 60,441
Eliminated on disposal - - (3,557 )
At 31 December 2024 8,678 126,683 597,082
NET BOOK VALUE
At 31 December 2024 352,903 537,731 297,583
At 31 December 2023 355,796 542,178 271,251

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 89,562 345,146 2,210,158
Additions 4,412 90,000 243,217
Disposals - (45,407 ) (49,002 )
At 31 December 2024 93,974 389,739 2,404,373
DEPRECIATION
At 1 January 2024 53,620 170,593 830,438
Charge for year 7,973 44,315 182,063
Eliminated on disposal - (32,379 ) (35,936 )
At 31 December 2024 61,593 182,529 976,565
NET BOOK VALUE
At 31 December 2024 32,381 207,210 1,427,808
At 31 December 2023 35,942 174,553 1,379,720

Drury Engineering Services Limited (Registered number: 04308124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 110,297
DEPRECIATION
At 1 January 2024 34,176
Charge for year 19,030
At 31 December 2024 53,206
NET BOOK VALUE
At 31 December 2024 57,091
At 31 December 2023 76,121

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,268,660 1,451,664
Amounts owed by group undertakings 791,030 550,618
Other debtors 99,893 114,910
2,159,583 2,117,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 11,897 19,472
Trade creditors 461,814 556,827
Taxation and social security 219,718 339,343
Other creditors 132,044 130,618
825,473 1,046,260

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 13,175 23,657

Drury Engineering Services Limited (Registered number: 04308124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 25,072 43,129

Net obligations under hire purchase contracts are secured on the assets being acquired.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.