Company Registration No. 09455305 (England and Wales)
Drake Electrical Contractors Limited
Unaudited accounts
for the year ended 31 March 2025
Drake Electrical Contractors Limited
Unaudited accounts
Contents
Drake Electrical Contractors Limited
Company Information
for the year ended 31 March 2025
Directors
Bryony Drake
Timothy Drake
Company Number
09455305 (England and Wales)
Registered Office
Unit G
Shakestone Farm
Writtle Road
Chelmsford
Essex
CM1 3RL
England
Accountants
Finer Accountancy Ltd
36 Brook Lane
Galleywood
Chelmsford
Essex
CM2 8NL
Drake Electrical Contractors Limited
Statement of financial position
as at 31 March 2025
Tangible assets
155,651
164,311
Cash at bank and in hand
36,907
5,055
Creditors: amounts falling due within one year
(252,877)
(282,727)
Net current liabilities
(32,655)
(5,475)
Total assets less current liabilities
122,996
158,836
Creditors: amounts falling due after more than one year
(67,790)
(76,155)
Called up share capital
100
100
Profit and loss account
55,106
82,581
Shareholders' funds
55,206
82,681
For the year ending 31 March 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 22 December 2025 and were signed on its behalf by
Bryony Drake
Director
Company Registration No. 09455305
Drake Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
Drake Electrical Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 09455305. The registered office is Unit G, Shakestone Farm, Writtle Road, Chelmsford, Essex, CM1 3RL, England.
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
25% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
24,151
240,525
6,736
42,397
313,809
Additions
4,048
41,762
5,934
6,270
58,014
At 31 March 2025
28,199
282,287
12,670
48,667
371,823
At 1 April 2024
9,836
105,503
2,036
32,123
149,498
Charge for the year
7,049
44,195
3,167
12,263
66,674
At 31 March 2025
16,885
149,698
5,203
44,386
216,172
At 31 March 2025
11,314
132,589
7,467
4,281
155,651
At 31 March 2024
14,315
135,022
4,700
10,274
164,311
Drake Electrical Contractors Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
183,315
272,197
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
34,890
45,956
Obligations under finance leases and hire purchase contracts
45,082
46,326
Trade creditors
29,876
85,310
Taxes and social security
21,179
17,801
Other creditors
1,834
2,460
Loans from directors
82,745
56,453
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
67,790
76,155
8
Average number of employees
During the year the average number of employees was 10 (2024: 10).