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Registration number: 06282615

Drainwizards 24 -7 Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Drainwizards 24 -7 Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 10

Drainwizards 24 -7 Ltd

Company Information

Directors | Mr Dean Stephenson Mr Joe Stephenson

Registered office | High Gables Plantation Road Chippenham Wilts SN14 0EJ

Accountants | BNL Accounting Services Ltd 12 Canberra Road Alexandra Park Swindon SN4 0TG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Drainwizards 24 -7 Ltd
for the Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Drainwizards 24 -7 Ltd for the year ended 30 June 2025 as set out on pages 3 to 10 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Drainwizards 24 -7 Ltd, as a body, in accordance with the terms of our engagement letter dated 20 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of Drainwizards 24 -7 Ltd and state those matters that we have agreed to state to the Board of Directors of Drainwizards 24 -7 Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drainwizards 24 -7 Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Drainwizards 24 -7 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Drainwizards 24 -7 Ltd. You consider that Drainwizards 24 -7 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 accounts of Drainwizards 24 -7 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 accounts.

......................................
BNL Accounting Services Ltd
12 Canberra Road
Alexandra Park
Swindon
SN4 0TG

31 March 2026

Drainwizards 24 -7 Ltd

(Registration number: 06282615)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 690,364 | 915,177
Current assets |  |  |
Debtors | 5 | 79,480 | 177,697
Cash at bank and in hand |  | 91,703 | 159,927
|  | 171,183 | 337,624
Creditors: Amounts falling due within one year | 6 | (105,889) | (112,537)
Net current assets |  | 65,294 | 225,087
Total assets less current liabilities |  | 755,658 | 1,140,264
Creditors: Amounts falling due after more than one year | 6 | (223,322) | (355,428)
Provisions for liabilities |  | (182,888) | (177,245)
Net assets |  | 349,448 | 607,591
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 349,446 | 607,589
Shareholders' funds |  | 349,448 | 607,591

For the financial year ending 30 June 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 and 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 31 March 2026 and signed on its behalf by:

Mr Dean Stephenson Director

Drainwizards 24 -7 Ltd

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
High Gables
Plantation Road
Chippenham
Wilts
SN14 0EJ
United Kingdom

These financial statements were authorised for issue by the Board on 31 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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 for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, 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.

Drainwizards 24 -7 Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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
Buildings | 10% straight line
Plant and machinery | 25% Reducing Balance
Fixtures and fittings | 25% Reducing Balance
Vehicles | 25% Reducing Balance

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 merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

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 and subsequently measured at amortised cost using the effective interest method.

Drainwizards 24 -7 Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 10 (2024 - 12).

Drainwizards 24 -7 Ltd

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

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 170,670 | 723 | 1,207,763 | 970,459 | 2,349,615
Additions | - | - | 43,159 | - | 43,159
Disposals | - | - | - | (60,000) | (60,000)
At 30 June 2025 | 170,670 | 723 | 1,250,922 | 910,459 | 2,332,774
Depreciation
At 1 July 2024 | 120,812 | 723 | 606,993 | 705,910 | 1,434,438
Charge for the year | 16,067 | - | 150,717 | 76,403 | 243,187
Eliminated on disposal | - | - | - | (35,215) | (35,215)
At 30 June 2025 | 136,879 | 723 | 757,710 | 747,098 | 1,642,410
Carrying amount
At 30 June 2025 | 33,791 | - | 493,212 | 163,361 | 690,364
At 30 June 2024 | 49,858 | - | 600,770 | 264,549 | 915,177

Included within the net book value of land and buildings above is £33,791 (2024 - £49,858) in respect of freehold land and buildings.

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 73,561 | 171,778
Prepayments | 3,919 | 3,919
Other debtors | 2,000 | 2,000
| 79,480 | 177,697

Drainwizards 24 -7 Ltd

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

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 82,228 | 48,936
Trade creditors |  | (269) | 6,115
Taxation and social security |  | 19,680 | 53,236
Accruals and deferred income |  | 4,250 | 4,250
|  | 105,889 | 112,537

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 223,322 | 355,428

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

Drainwizards 24 -7 Ltd

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

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 223,322 | 355,428

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 82,228 | 48,936

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £Nil (2024 - £47,702.17) per ordinary share |  | 71,785 |  | 95,404

10 | Related party transactions

Drainwizards 24 -7 Ltd

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

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 31,064 | 24,960
Contributions paid to money purchase schemes | 7,663 | 12,646
| 38,727 | 37,606