Drainage Supplies UK Limited 30/04/2025 iXBRL

Company registration number: 05260047

Drainage Supplies UK Limited

Unaudited filleted financial statements

30 April 2025

Drainage Supplies UK Limited

Contents

Statement of financial position

Notes to the financial statements

Drainage Supplies UK Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	7,260		9,770
		_______		_______
			7,260		9,770

Current assets
Stocks		73,175		74,750
Debtors	7	104,690		109,927
Cash at bank and in hand		137		136
		_______		_______
		178,002		184,813
Creditors: amounts falling due
within one year	8	( 178,832)		( 162,597)
		_______		_______
Net current (liabilities)/assets			( 830)		22,216
			_______		_______
Total assets less current liabilities			6,430		31,986

Creditors: amounts falling due
after more than one year	9		( 4,167)		( 29,167)

Provisions for liabilities	10		( 1,814)		( 1,856)

			_______		_______
Net assets			449		963
			_______		_______

Capital and reserves
Called up share capital			150		150
Profit and loss account			299		813
			_______		_______
Shareholders funds			449		963
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mrs Anneli Pearce

Director

Company registration number: 05260047

Drainage Supplies UK Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer equipment	-	33 %	straight line
Fixtures, fittings and equipment	-	25 %	straight line
Motor vehicles	-	25 %	reducing balance
Short leasehold property	-	17 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	13,178	15,609
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 42)	( 1,503)
	_______	_______
Tax on profit	13,136	14,106
	_______	_______

6. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	12,000	65,686	22,991	21,984	122,661
Additions	-	1,806	-	2,250	4,056
	_______	_______	_______	_______	_______
At 30 April 2025	12,000	67,492	22,991	24,234	126,717
	_______	_______	_______	_______	_______
Depreciation
At 1 May 2024	10,000	61,661	20,689	20,541	112,891
Charge for the year	2,000	2,900	575	1,091	6,566
	_______	_______	_______	_______	_______
At 30 April 2025	12,000	64,561	21,264	21,632	119,457
	_______	_______	_______	_______	_______
Carrying amount
At 30 April 2025	-	2,931	1,727	2,602	7,260
	_______	_______	_______	_______	_______
At 30 April 2024	2,000	4,025	2,302	1,443	9,770
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	7,794	12,610
Amounts owed by related company	45,642	49,960
Corporation tax recoverable	9,941	9,941
Director's loan account - K & A Pearce	32,651	28,451
Director's loan account - K Pearce (Snr)	4,073	5,008
Social security and other taxes recoverable	4,274	2,170
Other debtors	-	1,656
Prepayments and accrued income	315	131
	_______	_______
	104,690	109,927
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	42,968	42,021
Trade creditors	87,895	71,431
Corporation tax	29,393	31,352
Social security and other taxes	11,777	9,647
Other creditors	111	221
Accruals and deferred income	6,688	7,925
	_______	_______
	178,832	162,597
	_______	_______

The bank overdraft has been personally guaranteed by the directors up to an amount of £20,000.The Coronavirus Business Interruption Loan provided by Lloyds Bank PLC is secured by way of a fixed and floating charge over the assets of the company. Amount due within one year in respect to this loan is £25,000.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,167	29,167
	_______	_______

The Coronavirus Business Interruption Loan provided by Lloyds Bank PLC is secured by way of a fixed and floating charge over the assets of the company. Amount due after more than one year in respect to this loan is £4,167.

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 May 2024	1,856	1,856
Charges against provisions	( 42)	( 42)
	_______	_______
At 30 April 2025	1,814	1,814
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	1,814	1,856
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	1,814	1,856
	_______	_______

12. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	2,860	14,860
Later than 1 year and not later than 5 years	3,575	6,435
	_______	_______
	6,435	21,295
	_______	_______

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr K & Mrs A Pearce	28,451	50,815	( 46,615)	32,651
	Mr K Pearce (Snr)	5,008	16,750	(17,685)	4,073
		_______	_______	_______	_______
		33,459	67,565	( 64,300)	36,724
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr K & Mrs A Pearce	47,239	41,528	( 60,316)	28,451
	Mr K Pearce (Snr)	18,887	12,681	(26,560)	5,008
		_______	_______	_______	_______
		66,126	54,209	( 86,876)	33,459
		_______	_______	_______	_______

14. Related party transactions

Mr K and Mrs A Pearce are considered to be related parties of the company by virtue of their shareholdings in and directorships of the company. At the year end, Mr K and Mrs A Pearce owed the company the sum of £32,651 (2024: £28,451). The loan is unsecured and repayable on demand. Interest was charged at the official rate.Mr K Pearce (Snr) is considered to be a related party of the company by virtue of his shareholding in and directorship of the company. At the year end, Mr K Pearce (Snr) owed the company the sum of £4,073 (2024: £5,008). The loan is interest free, unsecured and repayable on demand. Welcome Homes (Staffs) Limited is considered to be a related party of the company by virtue of being under common control. During the year the company was charged £5,000 (2024: £5,000) by Welcome Homes (Staffs) Limited for services provided. At the year end, the company was owed the sum of £45,642 (2024: £49,960) from Welcome Homes (Staffs) Limited. The loan is interest free, unsecured and repayable on demand.