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Registered number: 03889055
Drummer Developments Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Balme Kitchen & Pearce Ltd
Chartered Accountants
25 Lemon Street
Truro
Cornwall
TR1 2LS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03889055
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 452 535
452 535
CURRENT ASSETS
Stocks 5 408,000 348,000
Debtors 6 19,403 4,728
Cash at bank and in hand 9,570 236,917
436,973 589,645
Creditors: Amounts Falling Due Within One Year 7 (445,116 ) (587,551 )
NET CURRENT ASSETS (LIABILITIES) (8,143 ) 2,094
TOTAL ASSETS LESS CURRENT LIABILITIES (7,691 ) 2,629
NET (LIABILITIES)/ASSETS (7,691 ) 2,629
CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Income Statement (9,691 ) 629
SHAREHOLDERS' FUNDS (7,691) 2,629
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Robert Burrows
Director
26 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Drummer Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03889055 . The registered office is 25 Lemon Street, Truro, Cornwall, TR1 2LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 9,535 5,500 15,035
As at 31 December 2024 9,535 5,500 15,035
Depreciation
As at 1 January 2024 9,057 5,443 14,500
Provided during the period 72 11 83
As at 31 December 2024 9,129 5,454 14,583
Net Book Value
As at 31 December 2024 406 46 452
As at 1 January 2024 478 57 535
5. Stocks
2024 2023
£ £
Stock 408,000 348,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,804 -
VAT 11,813 4,728
CIS 1,786 -
19,403 4,728
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts - 178,587
CIS - 39
Credit Card - 1,553
Directors' loan accounts 445,115 407,372
445,116 587,551
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
Page 5