REGISTERED NUMBER: 06394611

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DRAXCO LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

M D Siviter

Miss N Siviter

N M Siviter

SECRETARY:

M D Siviter

REGISTERED OFFICE:

Victoria Nursery

12 Victoria Road Harborne

Birmingham

West Midlands

B17 0AH

REGISTERED NUMBER:

06394611

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M D Siviter

Miss N Siviter

N M Siviter

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N M Siviter - Director

8 September 2025

TURNOVER

719,700

535,073

Cost of sales

424,397

359,265

GROSS PROFIT

295,303

175,808

Administrative expenses

108,866

74,862

OPERATING PROFIT

4

186,437

100,946

Interest payable and similar expenses

13,631

14,250

PROFIT BEFORE TAXATION

172,806

86,696

Tax on profit

41,330

19,088

PROFIT FOR THE FINANCIAL YEAR

131,476

67,608

FIXED ASSETS

Tangible assets

5

681,579

678,886

CURRENT ASSETS

Debtors

6

11,356

11,356

Cash at bank

240,139

130,487

251,495

141,843

CREDITORS

Amounts falling due within one year

7

48,668

32,102

NET CURRENT ASSETS

202,827

109,741

TOTAL ASSETS LESS CURRENT LIABILITIES

884,406

788,627

CREDITORS

Amounts falling due after more than one year

8

297,978

324,830

NET ASSETS

586,428

463,797

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

586,328

463,697

SHAREHOLDERS' FUNDS

586,428

463,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

M D Siviter - Director

1.	STATUTORY INFORMATION

Draxco Ltd is a private company, limited by shares , registered in Not specified/Other. 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" 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.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

5,498

4,602

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

665,083

108,016

773,099

Additions

-

8,191

8,191

At 31 March 2025

665,083

116,207

781,290

DEPRECIATION

At 1 April 2024

-

94,213

94,213

Charge for year

-

5,498

5,498

At 31 March 2025

-

99,711

99,711

NET BOOK VALUE

At 31 March 2025

665,083

16,496

681,579

At 31 March 2024

665,083

13,803

678,886

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

11,356

-

Amounts falling due after more than one year:

Amounts owed by associates

-

11,356

Aggregate amounts

11,356

11,356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

(420

)

4,990

Taxation and social security

49,088

27,112

48,668

32,102

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

297,978

324,830

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

297,978

324,830