REGISTERED NUMBER: 04394348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DROP ONE SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr S P Collier

Ms T L French

SECRETARY:

Ms T L French

REGISTERED OFFICE:

St. Georges House

St. Georges Place

Reach Road

Dover

Kent

CT15 6HU

REGISTERED NUMBER:

04394348 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

7,434

9,912

CURRENT ASSETS

Debtors

5

64,647

58,544

Cash at bank

3,666

4,410

68,313

62,954

CREDITORS

Amounts falling due within one year

6

32,080

26,461

NET CURRENT ASSETS

36,233

36,493

TOTAL ASSETS LESS CURRENT LIABILITIES

43,667

46,405

CREDITORS

Amounts falling due after more than one year

7

(12,000

)

(21,000

)

PROVISIONS FOR LIABILITIES

8

(1,859

)

-

NET ASSETS

29,808

25,405

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

10

29,804

25,401

SHAREHOLDERS' FUNDS

29,808

25,405

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr S P Collier - Director

1.	STATUTORY INFORMATION

Drop One Services Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04394348 and registered office address is St. Georges House, St. Georges Place, Reach Road, Dover, Kent CT15 6HU.

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 sale of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

The UK corporation tax rate was 19% up until 31 March 2023. From 1 April 2023, this rate increased to 25%, resulting in an overall corporation tax rate for 2025 of 25%. Deferred tax has been recognised, where applicable, at 25% on the basis that majority of these timing differences are expected to reverse at that rate. Future enacted changes to UK corporation tax rates would change the value of any deferred tax balances recognised.

Hire purchase and leasing commitments

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

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.

Revenue recognition

Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the company's partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

37,450

DEPRECIATION

At 1 April 2024

27,538

Charge for year

2,478

At 31 March 2025

30,016

NET BOOK VALUE

At 31 March 2025

7,434

At 31 March 2024

9,912

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

50,369

42,035

Amounts due under contracts-

not yet invoiced

1,450

1,100

Directors' current accounts

12,828

14,841

Deferred tax asset

Accelerated capital allowances

-

568

64,647

58,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,146

12,664

Tax

26,695

30,539

Social security and other taxes

(14,610

)

(22,288

)

VAT

5,849

3,020

Directors' current accounts

-

1

Accrued expenses

-

2,525

32,080

26,461

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans more 5 yr by instal

12,000

21,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,000

21,000

8.	PROVISIONS FOR LIABILITIES

31.3.25

£

Deferred tax

Accelerated capital allowances

1,859

Deferred

tax

£

Balance at 1 April 2024

(568

)

Charge to Income Statement during year

2,427

Credited to Profit & Loss Ac

Balance at 31 March 2025

1,859

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

4

Ordinary

£1

4

4

10.

RESERVES

Retained

earnings

£

At 1 April 2024

25,401

Profit for the year

85,403

Dividends

(81,000

)

At 31 March 2025

29,804

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

Mr S P Collier

Balance outstanding at start of year

15,000

-

Amounts advanced

12,752

15,000

Amounts repaid

(15,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,752

15,000

Interest on the director's loan account was charged at the official HM Revenue & Custom's rates.

The overdrawn directors account of £12,752 was fully repaid within 9 months of the year end.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £81,000 (2024 - £81,000) were paid to the directors .

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 Income Statement 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 Drop One Services Ltd for the year ended 31 March 2025 which comprise the Income Statement, Other 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 Drop One Services Ltd, 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 Drop One Services Ltd and state those matters that we have agreed to state to the Board of Directors of Drop One Services Ltd, 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 Drop One Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Drop One Services Ltd 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 profit of Drop One Services Ltd. You consider that Drop One Services Ltd 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 Drop One Services Ltd. 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.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

23 December 2025