REGISTERED NUMBER: 01017131 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Drainscan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Barge

S A Barge

REGISTERED OFFICE:

Elizabeth House

Wigman Road

Bilborough

Nottingham

NG8 3HY

REGISTERED NUMBER:

01017131 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

210,850

63,949

CURRENT ASSETS

Debtors

5

49,380

61,654

Cash at bank

13,660

150,225

63,040

211,879

CREDITORS

Amounts falling due within one year

6

30,723

72,720

NET CURRENT ASSETS

32,317

139,159

TOTAL ASSETS LESS CURRENT LIABILITIES

243,167

203,108

PROVISIONS FOR LIABILITIES

7

52,713

15,987

NET ASSETS

190,454

187,121

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

170,454

167,121

SHAREHOLDERS' FUNDS

190,454

187,121

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

A Barge - Director

1.	STATUTORY INFORMATION

Drainscan 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. Turnover relating to the provision of services is accounted for in the year in which the services are provided.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Plant and machinery

- 15% reducing balance

Motor vehicles

- 25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Deferred tax

Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Related parties

The company is a wholly owned subsidiary undertaking of NIC Group Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

136,454

189,371

325,825

Additions

19,005

187,500

206,505

Disposals

(82,948

)

(118,386

)

(201,334

)

At 31 March 2025

72,511

258,485

330,996

DEPRECIATION

At 1 April 2024

111,825

150,051

261,876

Charge for year

5,920

45,619

51,539

Eliminated on disposal

(78,358

)

(114,911

)

(193,269

)

At 31 March 2025

39,387

80,759

120,146

NET BOOK VALUE

At 31 March 2025

33,124

177,726

210,850

At 31 March 2024

24,629

39,320

63,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,130

55,557

Prepayments

6,250

6,097

49,380

61,654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

4,949

Amounts owed to group undertakings

1,969

4,942

Tax

-

21,000

Social security and other taxes

21,135

28,283

Other creditors

1,301

1,145

Accrued expenses

6,318

12,401

30,723

72,720

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

52,713

15,987

Deferred

tax

£

Balance at 1 April 2024

15,987

Provided during year

36,726

Balance at 31 March 2025

52,713

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Neal FCA CTA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

9.	OTHER FINANCIAL COMMITMENTS

The company has a contingent liability in respect of a composite guarantee given to National Westminster Bank Plc to secure borrowings within the NIC Group Limited group of companies. At the balance sheet date, the net amount of the group liability was £Nil (2024: £Nil).

10.	ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is NIC Group Limited, Elizabeth House, Wigman Road, Bilborough, Nottingham, NG8 3HY. Copies of the consolidated financial statements of NIC Group Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.