REGISTERED NUMBER: 04091027 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

DRAPER (DEVELOPMENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I M Winch

Mr M J H Winch

SECRETARY:

REGISTERED OFFICE:

Unit B6E

Newton Business Park

Talbot Road

Hyde

Cheshire

SK14 4UQ

REGISTERED NUMBER:

04091027 (England and Wales)

ACCOUNTANTS:

Moss and Williamson Limited

Chartered Accountants

11 Stamford Street

Stalybridge

Cheshire

SK15 1JP

FIXED ASSETS

Tangible assets

5

8,078

9,227

CURRENT ASSETS

Stocks

37,000

34,286

Debtors

6

57,887

63,041

Cash at bank and in hand

376

325

95,263

97,652

CREDITORS

Amounts falling due within one year

7

98,434

95,039

NET CURRENT (LIABILITIES)/ASSETS

(3,171

)

2,613

TOTAL ASSETS LESS CURRENT LIABILITIES

4,907

11,840

CREDITORS

Amounts falling due after more than one year

8

(3,000

)

(9,000

)

PROVISIONS FOR LIABILITIES

(1,535

)

(1,753

)

NET ASSETS

372

1,087

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

272

987

SHAREHOLDERS' FUNDS

372

1,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 29 September 2025 and were signed on its behalf by:

Mr I M Winch - Director

Mr M J H Winch - Director

1.	STATUTORY INFORMATION

Draper (Developments) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 December 2023

24,506

1,252

5,600

2,104

33,462

Additions

-

-

-

565

565

At 30 November 2024

24,506

1,252

5,600

2,669

34,027

DEPRECIATION

At 1 December 2023

17,194

1,221

3,828

1,992

24,235

Charge for year

1,097

5

443

169

1,714

At 30 November 2024

18,291

1,226

4,271

2,161

25,949

NET BOOK VALUE

At 30 November 2024

6,215

26

1,329

508

8,078

At 30 November 2023

7,312

31

1,772

112

9,227

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

39,613

47,986

Other debtors

18,274

15,055

57,887

63,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

17,562

20,576

Trade creditors

39,535

43,479

Taxation and social security

32,206

21,357

Other creditors

9,131

9,627

98,434

95,039

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

3,000

9,000

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2023 - £11,700) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

Control of the company is exercised by Mr I M Winch who holds 100% of the issued ordinary share capital.