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REGISTERED NUMBER: 02925940 (England and Wales)









Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 September 2024

for

Drainage Consultants Limited

Drainage Consultants Limited (Registered number: 02925940)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Drainage Consultants Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr R C Buxton
Mr R Buxton
Mrs J Buxton





SECRETARY: Mrs J Buxton





REGISTERED OFFICE: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX





BUSINESS ADDRESS: Unit 20A, Clearwater House
Newby Road
Hazel Grove
Stockport
Cheshire
SK7 5DA





REGISTERED NUMBER: 02925940 (England and Wales)





INDEPENDENT AUDITORS: Harts Limited
Chartered Accountants and Statutory Auditors
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

Drainage Consultants Limited (Registered number: 02925940)

Strategic Report
for the Year Ended 30 September 2024

The directors present their strategic report of the company for the year ended 30 September 2024.
Drainage Consultants Limited are a 31 year old company that specialise nationally in all aspects of drainage work. The company replaces and maintains pipework in the public highway in accordance with health and safety regulations and Local authority regulations. It also undertakes significant work on domestic properties for insurance companies and housing.

The company's market focused approach brings innovation and customer service to the core of our culture and underpins the Drainage Consultants Limited brand. The company and its people are committed to adding value to our customers. Our aim is to grow our business and we focus heavily in developing a culture that nurtures and develops our people to achieve this.

REVIEW OF BUSINESS
The entity has performed well, turnover increasing by 5% on 2023. Gross Profit remains consistent, however the operating profit margin was negatively effected in 2023 by inflationary pressures. The business has continued to improve cost controls which has resulted in their operating profit margin increasing by 1.1% in 2024.


KEY PERFORMANCE INDICATORS
The key financial performance indicators from continuing operations during the year were as follows:

2024 2023
(£'000) (£'000)
Turnover 8,978 8,551
Gross Profit 8,051 7,745
Gross Profit (%) 89.7% 90.6%
Operating Profit 1,162 1,006
Operating profit (%) 12.9% 11.8%


PRINCIPAL RISKS AND UNCERTAINTIES
The company continues to face challenging circumstances due to a combination of common risks. The current rate of inflation has caused issues with general spending but with inflation now down to a lower level we expect to see these pressures ease. The risks that all UK companies are facing relating to the change of Government are also to be considered. The company's largest cost is that of its people. Consequently wage inflation is another risk factor going forward. The company wants to retains its people which brings with it the risk of higher wage cost.


FUTURE DEVELOPMENTS
The company is heavily focussed on expanding its client base and expanding its operations around the UK. The company has recently rebranded to give more emphasis its green credentials.


RESEARCH AND DEVELOPMENT ACTIVITIES
We continue to investigate and develop innovations for our business.

ON BEHALF OF THE BOARD:





Mr R Buxton - Director


27 June 2025

Drainage Consultants Limited (Registered number: 02925940)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of water collection, treatment and supply.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £875,000 (2023: £960,000).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr R C Buxton
Mr R Buxton
Mrs J Buxton

DIRECTORS' INSURANCE AND INDEMNITIES
The company carries appropriate insurance cover in respect of possible legal action being taken against its Directors and Officers. The Articles provide Directors and Officers with further protection against liability to third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third-party indemnity provision remains in force as at the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies
Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish
that the company's auditors are aware of that information.

Drainage Consultants Limited (Registered number: 02925940)

Report of the Directors
for the Year Ended 30 September 2024


AUDITORS
The auditors, Harts Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R Buxton - Director


27 June 2025

Report of the Independent Auditors to the Members of
Drainage Consultants Limited

Opinion
We have audited the financial statements of Drainage Consultants Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Drainage Consultants Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and
determined that the most significant are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and employment law. In addition the Company has to comply with laws and regulations relating to its operations and health and safety.

We understood how Drainage Consultants Limited is complying with those frameworks by making inquiries of
management and the head of technical, and confirmation to identify any non-compliance with laws and regulations.

We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by discussion with directors to understand where it's considered there was a susceptibility to fraud. We considered the controls that the Company has established to address risks identified, or that otherwise prevent, deter and detect fraud.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships; investigated the rationale behind significant or unusual transactions; and tested journal entries to identify unusual transactions. Controls have also been considered, that the company has established to address risks identified, or that otherwise prevent, defer and detect fraud. No susceptibilities identified in these controls.

Report of the Independent Auditors to the Members of
Drainage Consultants Limited


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations that could materially impact the financial statements. Taking into accounts our understanding of the Company, our procedures involved enquires of management and focused testing as appropriate with consideration to risk assessment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




David Taylor BFP FCA (Senior Statutory Auditor)
for and on behalf of Harts Limited
Chartered Accountants and Statutory Auditors
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

27 June 2025

Drainage Consultants Limited (Registered number: 02925940)

Income Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 3 8,978,665 8,551,370

Cost of sales (926,977 ) (806,736 )
GROSS PROFIT 8,051,688 7,744,634

Administrative expenses (6,889,530 ) (6,738,366 )
OPERATING PROFIT 5 1,162,158 1,006,268

Interest receivable and similar income 34,004 8,335
1,196,162 1,014,603

Interest payable and similar expenses 7 (17,107 ) (111,907 )
PROFIT BEFORE TAXATION 1,179,055 902,696

Tax on profit 8 (290,302 ) (232,475 )
PROFIT FOR THE FINANCIAL YEAR 888,753 670,221

Drainage Consultants Limited (Registered number: 02925940)

Other Comprehensive Income
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   

PROFIT FOR THE YEAR 888,753 670,221


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

888,753

670,221

Drainage Consultants Limited (Registered number: 02925940)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 717,400 702,220
717,400 702,220

CURRENT ASSETS
Stocks 12 45,860 46,687
Debtors 13 3,246,783 3,755,253
Cash at bank 1,737,548 1,309,959
5,030,191 5,111,899
CREDITORS
Amounts falling due within one year 14 (1,402,510 ) (1,458,697 )
NET CURRENT ASSETS 3,627,681 3,653,202
TOTAL ASSETS LESS CURRENT LIABILITIES 4,345,081 4,355,422

CREDITORS
Amounts falling due after more than one
year

15

(165,886

)

(191,698

)

PROVISIONS FOR LIABILITIES 19 (168,423 ) (166,705 )
NET ASSETS 4,010,772 3,997,019

CAPITAL AND RESERVES
Called up share capital 20 100 100
Retained earnings 21 4,010,672 3,996,919
SHAREHOLDERS' FUNDS 4,010,772 3,997,019

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr R C Buxton - Director


Drainage Consultants Limited (Registered number: 02925940)

Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 100 4,286,698 4,286,798

Changes in equity
Dividends - (960,000 ) (960,000 )
Total comprehensive income - 670,221 670,221
Balance at 30 September 2023 100 3,996,919 3,997,019

Changes in equity
Dividends - (875,000 ) (875,000 )
Total comprehensive income - 888,753 888,753
Balance at 30 September 2024 100 4,010,672 4,010,772

Drainage Consultants Limited (Registered number: 02925940)

Cash Flow Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,730,256 1,245,644
Interest paid - (101,243 )
Interest element of hire purchase payments
paid

(17,107

)

(10,664

)
Tax paid (224,037 ) (455,170 )
Net cash from operating activities 1,489,112 678,567

Cash flows from investing activities
Purchase of tangible fixed assets (235,686 ) (309,150 )
Sale of tangible fixed assets 19,214 7,750
Interest received 34,004 8,335
Net cash from investing activities (182,468 ) (293,065 )

Cash flows from financing activities
Capital repayments in year (2,446 ) 115,159
Amount introduced by directors 1,127,001 1,191,082
Amount withdrawn by directors (1,128,380 ) (1,077,839 )
Equity dividends paid (875,000 ) (960,000 )
Net cash from financing activities (878,825 ) (731,598 )

Increase/(decrease) in cash and cash equivalents 427,819 (346,096 )
Cash and cash equivalents at beginning of
year

2

1,309,729

1,655,825

Cash and cash equivalents at end of year 2 1,737,548 1,309,729

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Cash Flow Statement
for the Year Ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

30.9.24 30.9.23
£    £   
Profit before taxation 1,179,055 902,696
Depreciation charges 190,206 162,170
Loss on disposal of fixed assets 11,084 5,567
Finance costs 17,107 111,907
Finance income (34,004 ) (8,335 )
1,363,448 1,174,005
Decrease/(increase) in stocks 827 (231 )
Decrease/(increase) in trade and other debtors 516,208 (416,172 )
(Decrease)/increase in trade and other creditors (150,227 ) 488,042
Cash generated from operations 1,730,256 1,245,644

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,737,548 1,309,959
Bank overdrafts - (230 )
1,737,548 1,309,729
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 1,309,959 1,655,825
Bank overdrafts (230 ) -
1,309,729 1,655,825


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 1,309,959 427,589 1,737,548
Bank overdrafts (230 ) 230 -
1,309,729 427,819 1,737,548
Debt
Finance leases (377,273 ) 2,446 (374,827 )
(377,273 ) 2,446 (374,827 )
Total 932,456 430,265 1,362,721

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Drainage Consultants 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

All the amount in the financial statements are rounded to the nearest pound (£), unless otherwise stated.

Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The directors do not believe that there are any estimates that had a significant affect on the amounts recognised within the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life.

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.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 30% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 2024 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.

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 2024 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. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

30.9.24 30.9.23
£    £   
Sale of services 8,978,665 8,551,370
8,978,665 8,551,370

4. EMPLOYEES AND DIRECTORS
30.9.24 30.9.23
£    £   
Wages and salaries 4,142,023 4,162,587
Social security costs 446,306 424,477
Other pension costs 83,187 73,027
4,671,516 4,660,091

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
30.9.24 30.9.23

Directors 3 2
Finance 3 4
Administration 18 18
Engineers 73 73
97 97

30.9.24 30.9.23
£    £   
Directors' remuneration 791,341 976,430

Information regarding the highest paid director is as follows:
30.9.24 30.9.23
£    £   
Emoluments etc 398,473 444,754

5. OPERATING PROFIT

The operating profit is stated after charging:

30.9.24 30.9.23
£    £   
Hire of plant and machinery 85,626 56,901
Depreciation - owned assets 67,959 77,999
Depreciation - assets on hire purchase contracts 122,249 84,172
Loss on disposal of fixed assets 11,084 5,567

6. AUDITORS' REMUNERATION
30.9.24 30.9.23
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

14,310

12,500
Non audit services 21,910 24,269

7. INTEREST PAYABLE AND SIMILAR EXPENSES
30.9.24 30.9.23
£    £   
PAYE interest - 101,243
Hire purchase interest 17,107 10,664
17,107 111,907

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 288,683 206,724
(Over) Under provision in prior years (99 ) -
Total current tax 288,584 206,724

Deferred tax 1,718 25,751
Tax on profit 290,302 232,475

UK corporation tax has been charged at 25% (2023 - 22%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.24 30.9.23
£    £   
Profit before tax 1,179,055 902,696
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

294,764

198,593

Effects of:
Expenses not deductible for tax purposes 5,355 39,257
Capital allowances in excess of depreciation (11,436 ) (31,126 )
Origination and reversal of timing differences 1,718 25,751

(Over)/under provisions relating to prior years (99 ) -
Total tax charge 290,302 232,475

9. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary shares of £1 each
Interim 375,000 480,000
Ordinary B shares of £1 each
Interim 500,000 480,000
875,000 960,000

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 20,000
AMORTISATION
At 1 October 2023
and 30 September 2024 20,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

11. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 148,056 353,445 57,732 1,062,489 1,621,722
Additions - 19,070 - 216,616 235,686
Disposals - - - (133,888 ) (133,888 )
At 30 September 2024 148,056 372,515 57,732 1,145,217 1,723,520
DEPRECIATION
At 1 October 2023 132,138 220,734 43,454 523,176 919,502
Charge for year 3,174 37,579 2,505 146,950 190,208
Eliminated on disposal - - - (103,590 ) (103,590 )
At 30 September 2024 135,312 258,313 45,959 566,536 1,006,120
NET BOOK VALUE
At 30 September 2024 12,744 114,202 11,773 578,681 717,400
At 30 September 2023 15,918 132,711 14,278 539,313 702,220

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. 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 October 2023 613,590
Additions 216,616
Disposals (21,578 )
At 30 September 2024 808,628
DEPRECIATION
At 1 October 2023 154,791
Charge for year 122,249
Eliminated on disposal (11,859 )
At 30 September 2024 265,181
NET BOOK VALUE
At 30 September 2024 543,447
At 30 September 2023 458,799

12. STOCKS
30.9.24 30.9.23
£    £   
Stocks 45,860 43,515
Work-in-progress - 3,172
45,860 46,687

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,701,783 2,275,002
Directors' current accounts 1,029,265 1,027,886
Taxation 381,511 375,152
Prepayments and accrued income 134,224 77,213
3,246,783 3,755,253

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 16) - 230
Hire purchase contracts (see note 17) 208,941 185,575
Trade creditors 311,877 370,913
Corporation tax 121,128 50,222
Social security and other taxes 365,755 486,358
VAT 192,990 185,367
Other creditors 10,608 10,719
Pension creditor 39,520 30,944
Accrued expenses 151,691 138,369
1,402,510 1,458,697

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 17) 165,886 191,698

16. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 230

17. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 208,941 185,575
Between one and five years 165,886 191,698
374,827 377,273

18. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 374,827 377,273

Hire purchase creditors are secured on the assets to which they relate.

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

19. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 168,423 166,705

Deferred
tax
£   
Balance at 1 October 2023 166,705
Provided during year 1,718
Balance at 30 September 2024 168,423

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
52 Ordinary £1 52 52
48 Ordinary B £1 48 48
100 100

21. RESERVES
Retained
earnings
£   

At 1 October 2023 3,996,919
Profit for the year 888,753
Dividends (875,000 )
At 30 September 2024 4,010,672

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr R Buxton
Balance outstanding at start of year 513,460 615,090
Amounts advanced 606,148 587,451
Amounts repaid (591,000 ) (689,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 528,608 513,460

Drainage Consultants Limited (Registered number: 02925940)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr R C Buxton
Balance outstanding at start of year 500,442 538,298
Amounts advanced 518,537 464,144
Amounts repaid (536,000 ) (502,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 482,979 500,442

Mrs J Buxton
Balance outstanding at start of year 13,983 (12,260 )
Amounts advanced 3,694 26,243
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,677 13,983

The directors' loan accounts are interest free, unsecured and repayable on demand.

23. RELATED PARTY DISCLOSURES

During the year, the company paid rents to the directors totalling £52,770 in relation to the occupation of property (2023: £52,770).

The company's immediate and ultimate controlling party is Mr Roy Buxton.