1 June 2024 false No description of principal activity Taxfiler 2024.6 03775742 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03775742 2024-05-31 03775742 2024-06-01 2025-05-31 03775742 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 03775742 business:FilletedAccounts 2024-06-01 2025-05-31 03775742 2025-05-31 03775742 business:Director1 2024-06-01 2025-05-31 03775742 business:RegisteredOffice 2024-06-01 2025-05-31 03775742 2024-05-31 03775742 core:WithinOneYear 2025-05-31 03775742 core:WithinOneYear 2024-05-31 03775742 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 03775742 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 03775742 core:SharePremium core:PreviouslyStatedAmount 2025-05-31 03775742 core:SharePremium core:PreviouslyStatedAmount 2024-05-31 03775742 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 03775742 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 03775742 core:PreviouslyStatedAmount 2025-05-31 03775742 core:PreviouslyStatedAmount 2024-05-31 03775742 business:SmallEntities 2024-06-01 2025-05-31 03775742 countries:EnglandWales 2024-06-01 2025-05-31 03775742 core:PlantMachinery 2024-06-01 2025-05-31 03775742 core:FurnitureFittings 2024-06-01 2025-05-31 03775742 core:ComputerEquipment 2024-06-01 2025-05-31 03775742 core:PlantMachinery 2024-05-31 03775742 core:FurnitureFittings 2024-05-31 03775742 core:ComputerEquipment 2024-05-31 03775742 core:PlantMachinery 2025-05-31 03775742 core:FurnitureFittings 2025-05-31 03775742 core:ComputerEquipment 2025-05-31 03775742 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 03775742 (England and Wales)
Drake Lane Associates Ltd. Unaudited accounts for the year ended 31 May 2025
Drake Lane Associates Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Drake Lane Associates Ltd. Company Information for the year ended 31 May 2025
Director
J Watson
Company Number
03775742 (England and Wales)
Registered Office
THE NORTH BARN THE HOME PARK BROUGHTON HALL BUSINESS PARK SKIPTON NORTH YORKS BD23 3AE
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
- 3 -
Drake Lane Associates Ltd. Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
87,681
56,934
Current assets
Debtors
5
317,503
305,264
Cash at bank and in hand
495,260
683,753
812,763
989,017
Creditors: amounts falling due within one year
6
(110,385)
(171,457)
Net current assets
702,378
817,560
Net assets
790,059
874,494
Capital and reserves
Called up share capital
500
500
Share premium
1,500
1,500
Profit and loss account
788,059
872,494
Shareholders' funds
790,059
874,494
For the year ending 31 May 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2025 and were signed on its behalf by
J Watson Director Company Registration No. 03775742
- 4 -
Drake Lane Associates Ltd. Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Drake Lane Associates Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03775742. The registered office is THE NORTH BARN THE HOME PARK, BROUGHTON HALL BUSINESS PARK, SKIPTON, NORTH YORKS, BD23 3AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
1,454
21,889
88,207
111,550
Additions
-
-
56,151
56,151
At 31 May 2025
1,454
21,889
144,358
167,701
Depreciation
At 1 June 2024
1,260
19,937
33,419
54,616
Charge for the year
48
489
24,867
25,404
At 31 May 2025
1,308
20,426
58,286
80,020
Net book value
At 31 May 2025
146
1,463
86,072
87,681
At 31 May 2024
194
1,952
54,788
56,934
- 5 -
Drake Lane Associates Ltd. Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
20,406
14,615
Accrued income and prepayments
2,055
2,367
Other debtors
295,042
288,282
317,503
305,264
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,439
11,131
Taxes and social security
102,023
155,572
Other creditors
6,923
4,754
110,385
171,457
7
Average number of employees
During the year the average number of employees was 11 (2024: 11).
- 6 -