Newport and Hereford Drainage Limited

Registered number

07909733

Filleted Accounts

31 January 2026

Newport and Hereford Drainage Limited
Registered number:		07909733
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		28,800			43,200
Tangible assets	4		1,184,679			1,334,005
			1,213,479			1,377,205

Current assets
Stocks		12,480			36,500
Debtors	5	589,749			604,992
Cash at bank and in hand		82,498			82,260
		684,727			723,752

Creditors: amounts falling due within one year	6	(857,292)			(692,077)

Net current (liabilities)/assets			(172,565)			31,675

Total assets less current liabilities			1,040,914			1,408,880

Creditors: amounts falling due after more than one year	7		(703,069)			(812,085)

Provisions for liabilities			(209,384)			(241,329)


Net assets			128,461			355,466

Capital and reserves
Called up share capital			100			100
Profit and loss account			128,361			355,366

Shareholders' funds			128,461			355,466

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ben Witcomb
Director
Approved by the board on 16 April 2026

Newport and Hereford Drainage Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor Vehicles	25% reducing balance



	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			52		50


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					115,500
	At 31 January 2026					115,500

	Amortisation
	At 1 February 2025					72,300
	Provided during the year					14,400
	At 31 January 2026					86,700

	Net book value
	At 31 January 2026					28,800
	At 31 January 2025					43,200

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	557,823		2,018,398		2,576,221
	Additions	49,400		285,013		334,413
	Disposals	-		(237,791)		(237,791)
	At 31 January 2026	607,223		2,065,620		2,672,843

	Depreciation
	At 1 February 2025	377,324		864,892		1,242,216
	Charge for the year	52,176		297,078		349,254
	On disposals	-		(103,306)		(103,306)
	At 31 January 2026	429,500		1,058,664		1,488,164

	Net book value
	At 31 January 2026	177,723		1,006,956		1,184,679
	At 31 January 2025	180,499		1,153,506		1,334,005


5	Debtors			2026		2025
£					£

	Trade debtors			587,275		601,837
	Other debtors			2,474		3,155
				589,749		604,992


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			156,717		110,231
	Obligations under finance lease and hire purchase contracts			201,646		176,999
	Trade creditors			326,788		226,584
	Directors' loan accounts			14,915		1,297
	Taxation and social security costs			144,022		155,935
	Other creditors			13,204		21,031
				857,292		692,077


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			253,085		288,368
	Obligations under finance lease and hire purchase contracts			449,984		523,717
				703,069		812,085


8	Controlling party

	There is no individual controlling party. Ben Witcomb owns 50% of the issued share capital. Colin Witcomb owns 27% and his wife Lindsay Witcomb owns 23%.


9	Other information

	Newport and Hereford Drainage Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
	Unit H
	Crown Business Park
	Tredegar
	Blaenau Gwent
	NP22 4EF