Company Registration No. 03730537 (England and Wales)
Drew & Co. (Electrical Contractors) Ltd
Unaudited accounts
for the year ended 30 April 2025
Drew & Co. (Electrical Contractors) Ltd
Unaudited accounts
Contents
Drew & Co. (Electrical Contractors) Ltd
Company Information
for the year ended 30 April 2025
Directors
A Veasey
P Burn
T Matthews
J McGinty
R Turton
C Wright
Company Number
03730537 (England and Wales)
Registered Office
Unit 2a & 2b Kay Close
Plympton
Plymouth
PL7 4LU
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Drew & Co. (Electrical Contractors) Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
314,052
295,931
Inventories
134,031
92,075
Cash at bank and in hand
2,150,934
2,641,979
Creditors: amounts falling due within one year
(1,169,150)
(1,337,853)
Net current assets
2,174,281
2,217,082
Total assets less current liabilities
2,488,333
2,513,013
Creditors: amounts falling due after more than one year
(33,024)
(26,052)
Provisions for liabilities
Deferred tax
(76,811)
(70,281)
Net assets
2,378,498
2,416,680
Called up share capital
1,100
1,100
Capital redemption reserve
150
150
Profit and loss account
2,377,248
2,415,430
Shareholders' funds
2,378,498
2,416,680
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
R Turton
Director
Company Registration No. 03730537
Drew & Co. (Electrical Contractors) Ltd
Notes to the Accounts
for the year ended 30 April 2025
Drew & Co. (Electrical Contractors) Ltd is a private company, limited by shares, registered in England and Wales, registration number 03730537. The registered office is Unit 2a & 2b Kay Close, Plympton , Plymouth, PL7 4LU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% on cost
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Drew & Co. (Electrical Contractors) Ltd
Notes to the Accounts
for the year ended 30 April 2025
Provision for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be
estimated reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at
the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is
recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in
profit or loss in the period it arises.
Leases of assets that transfer substantially all the risks and rewards of ownership to the Company are classified as finance leases.
Assets held under finance leases are recognized initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the
statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the
remaining balance of the liability. Finance charges are deducted in measuring profit or loss.
Assets held under finance leases are included in tangible fixed assets and depreciated over the shorter of the lease term and
the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
327,071
452,515
2,781
782,367
Additions
60,321
54,387
-
114,708
Disposals
-
(28,966)
-
(28,966)
At 30 April 2025
387,392
477,936
2,781
868,109
At 1 May 2024
242,305
242,184
1,947
486,436
Charge for the year
37,760
54,906
286
92,952
On disposals
-
(25,331)
-
(25,331)
At 30 April 2025
280,065
271,759
2,233
554,057
At 30 April 2025
107,327
206,177
548
314,052
At 30 April 2024
84,766
210,331
834
295,931
Drew & Co. (Electrical Contractors) Ltd
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
997,517
792,811
Other debtors
60,949
28,070
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Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
35,669
37,873
Trade creditors
403,511
382,793
Taxes and social security
106,496
128,552
Other creditors
623,474
788,635
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
33,024
26,052
8
Average number of employees
During the year the average number of employees was 58 (2024: 58).