Registered number
09917944
Drew Capital Markets Ltd
Filleted Accounts
31 December 2024
Drew Capital Markets Ltd
Registered number: 09917944
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,239 16,139
Current assets
Debtors 4 277,300 252,650
Investments held as current assets 5 354,000 143,000
Cash at bank and in hand 16,183 10,827
647,483 406,477
Creditors: amounts falling due within one year 6 (189,205) (165,560)
Net current assets 458,278 240,917
Total assets less current liabilities 487,517 257,056
Creditors: amounts falling due after more than one year 7 (62,148) (65,520)
Net assets 425,369 191,536
Capital and reserves
Called up share capital 2 2
Profit and loss account 425,367 191,534
Shareholders' funds 425,369 191,536
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Steven Frost
Director
Approved by the board on 23 September 2025
Drew Capital Markets Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% wdv
Fixtures, fittings, tools and equipment 25% wdv
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing
differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixture & fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 20,136 8,842 - 28,978
Additions - 5,347 17,500 22,847
At 31 December 2024 20,136 14,189 17,500 51,825
Depreciation
At 1 January 2024 7,908 4,931 - 12,839
Charge for the year 3,057 2,315 4,375 9,747
At 31 December 2024 10,965 7,246 4,375 22,586
Net book value
At 31 December 2024 9,171 6,943 13,125 29,239
At 31 December 2023 12,228 3,911 - 16,139
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 274,600 248,600
Other debtors 2,700 4,050
277,300 252,650
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 354,000 143,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,273 64,209
Taxation and social security costs 130,709 88,735
Other creditors 21,223 12,616
189,205 165,560
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 62,148 65,520
8 Other information
Drew Capital Markets Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Mill House
Mill Lane
Sawbridgeworth
CM21 9PL
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