REGISTERED NUMBER: 00557899 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

J.E.Draper Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs K M Draper

C R Draper

SECRETARY:

C R Draper

REGISTERED OFFICE:

23 Lumley Road

Skegness

Lincolnshire

PE25 3LN

REGISTERED NUMBER:

00557899 (England and Wales)

ACCOUNTANTS:

INSIGHT

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

FIXED ASSETS

Tangible assets

4

37,420

41,425

CURRENT ASSETS

Stocks

100,421

130,000

Debtors

5

57,105

57,727

Cash at bank and in hand

1,066

1,123

158,592

188,850

CREDITORS

Amounts falling due within one year

6

224,634

214,924

NET CURRENT LIABILITIES

(66,042

)

(26,074

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,622

)

15,351

PROVISIONS FOR LIABILITIES

-

3,343

NET (LIABILITIES)/ASSETS

(28,622

)

12,008

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

(43,622

)

(2,992

)

SHAREHOLDERS' FUNDS

(28,622

)

12,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

C R Draper - Director

Mrs K M Draper - Director

1.	STATUTORY INFORMATION

J.E.Draper 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.	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.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% 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.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 February 2024

61,885

26,074

148,991

236,950

Disposals

(12,377

)

(5,215

)

(29,798

)

(47,390

)

At 31 January 2025

49,508

20,859

119,193

189,560

DEPRECIATION

At 1 February 2024

48,347

20,687

126,491

195,525

Charge for year

677

1,078

2,250

4,005

Eliminated on disposal

(12,377

)

(5,215

)

(29,798

)

(47,390

)

At 31 January 2025

36,647

16,550

98,943

152,140

NET BOOK VALUE

At 31 January 2025

12,861

4,309

20,250

37,420

At 31 January 2024

13,538

5,387

22,500

41,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

2,500

6,436

Other debtors

33,059

36,110

S455 Tax recoverable

14,941

14,941

Deferred tax asset

6,605

-

Prepayments

-

240

57,105

57,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

176,149

173,762

Trade creditors

20,681

18,275

Tax

(1

)

2

Social security and other taxes

17,484

12,356

Accrued expenses

10,321

10,529

224,634

214,924

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdrafts

176,149

173,762

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

C R Draper

Balance outstanding at start of year

36,109

42,490

Amounts advanced

27,850

-

Amounts repaid

(30,900

)

(6,381

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,059

36,109

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.E.Draper Limited for the year ended 31 January 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J.E.Draper Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.E.Draper Limited and state those matters that we have agreed to state to the Board of Directors of J.E.Draper Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.E.Draper Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J.E.Draper Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J.E.Draper Limited. You consider that J.E.Draper Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.E.Draper Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

INSIGHT

Acorn House

Church Lane

Croft

Skegness

Lincolnshire

PE24 4RW

15 October 2025