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Registration number: 00459354

Albert Draper & Son Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Albert Draper & Son Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Albert Draper & Son Limited

Company Information

Directors | P E Draper C D Draper

Company secretary | C D Draper

Registered office | Black Five Works Raven Street Hull HU9 1PP

Albert Draper & Son Limited

(Registration number: 00459354)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 890,915 | 769,703
Current assets |  |  |
Stocks | 5 | 480,692 | 648,217
Debtors | 6 | 188,896 | 146,328
Cash at bank and in hand |  | 1,288,438 | 1,439,158
|  | 1,958,026 | 2,233,703
Creditors: Amounts falling due within one year | 7 | (220,093) | (246,829)
Net current assets |  | 1,737,933 | 1,986,874
Total assets less current liabilities |  | 2,628,848 | 2,756,577
Provisions for liabilities |  | (40,833) | (59,461)
Net assets |  | 2,588,015 | 2,697,116
Capital and reserves |  |  |
Called up share capital |  | 13,525 | 13,525
Share premium reserve |  | 4,493 | 4,493
Capital redemption reserve |  | 30,200 | 30,200
Retained earnings |  | 2,539,797 | 2,648,898
Shareholders' funds |  | 2,588,015 | 2,697,116

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2026 and signed on its behalf by:

Albert Draper & Son Limited

(Registration number: 00459354)
Balance Sheet as at 30 September 2025

......................................... P E Draper Director

Albert Draper & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 00459354.

The address of its registered office is:
Black Five Works
Raven Street
Hull
HU9 1PP

These financial statements were authorised for issue by the Board on 6 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts the rendering of scrap metal services in the normal course of business, net of discounts and other sales-related taxes.
Turnover from the provision of services is recognised when the service is performed.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

Albert Draper & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | 2% on cost
Motor vehicles | 25% reducing balance
Plant & Machinery | 10,15,20,33% reducing balance
Office equipment | 20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of services in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Albert Draper & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 12 (2024 - 9).

Albert Draper & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 553,664 | 1,109,727 | 229,024 | 1,892,415
Additions | 181,864 | 38,814 | - | 220,678
Disposals | - | (23,750) | - | (23,750)
At 30 September 2025 | 735,528 | 1,124,791 | 229,024 | 2,089,343
Depreciation
At 1 October 2024 | 159,627 | 887,851 | 75,234 | 1,122,712
Charge for the year | 14,352 | 46,131 | 38,448 | 98,931
Eliminated on disposal | - | (23,215) | - | (23,215)
At 30 September 2025 | 173,979 | 910,767 | 113,682 | 1,198,428
Carrying amount
At 30 September 2025 | 561,549 | 214,024 | 115,342 | 890,915
At 30 September 2024 | 394,037 | 221,876 | 153,790 | 769,703

Included within the net book value of land and buildings above is £561,549 (2024 - £394,037) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 480,692 | 648,217

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 170,870 | 129,471
Prepayments | 14,476 | 13,109
Other debtors | 3,550 | 3,748
| 188,896 | 146,328

Albert Draper & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 91,773 | 141,617
Taxation and social security | 117,344 | 93,709
Accruals and deferred income | 10,429 | 10,839
Other creditors | 547 | 664
| 220,093 | 246,829

8 | Related party transactions

Other transactions with Directors

At the period end, the company owed the directors £Nil (2024: £Nil). This amount is unsecured, interest free and repayable on demand.