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Registration number: 11544638

Drake & Sons Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Drake & Sons Ltd

Contents

Company Information | 1
Director's Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Drake & Sons Ltd

Company Information

Director | Mr Anthony Drake

Company secretary | Mr Anthony Drake

Registered office | C/O Smith Butler, Sapper Jordan Rossi Park Otley Road Baildon West Yorkshire United Kingdom BD17 7AX

Accountants | Smith Butler Accountants & Business AdvisorsSapper Jordan Rossi Park Otley Road Baildon West Yorkshire BD17 7AX

Drake & Sons Ltd

Director's Report for the Year Ended 31 August 2025

The director presents his report and the financial statements for the year ended 31 August 2025.

Director of the company

The director who held office during the year was as follows:

Mr Anthony Drake - Company secretary and director

Principal activity

The principal activity of the company is that of general Construction

Small companies provision statement

This report has 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.

Approved and authorised by the director on 18 February 2026

......................................... Mr Anthony Drake Company secretary and director

Drake & Sons Ltd

(Registration number: 11544638)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 15,094 | 14,282
Current assets |  |  |
Stocks | 5 | 7,848 | 6,347
Cash at bank and in hand |  | 1,626 | 30,982
|  | 9,474 | 37,329
Creditors: Amounts falling due within one year | 6 | (51,279) | (58,269)
Net current liabilities |  | (41,805) | (20,940)
Net liabilities |  | (26,711) | (6,658)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | (26,811) | (6,758)
Shareholders' deficit |  | (26,711) | (6,658)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 18 February 2026

......................................... Mr Anthony Drake Company secretary and director

Drake & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is:
C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX
United Kingdom

These financial statements were authorised for issue by the director on 18 February 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.

Going concern

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.

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.

Drake & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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
Motor Vehicles | Reducing balance 20%
Plant & Machinery | Reducing balance 25%
Office Equipment | Straight line 33%

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.

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

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.

Drake & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 1,423 | 19,102 | 20,525
Additions | - | 9,850 | 9,850
Disposals | - | (6,500) | (6,500)
At 31 August 2025 | 1,423 | 22,452 | 23,875
Depreciation
At 1 September 2024 | 276 | 5,967 | 6,243
Charge for the year | 340 | 2,956 | 3,296
Eliminated on disposal | - | (758) | (758)
At 31 August 2025 | 616 | 8,165 | 8,781
Carrying amount
At 31 August 2025 | 807 | 14,287 | 15,094
At 31 August 2024 | 1,147 | 13,135 | 14,282

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 7,848 | 6,347

Drake & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 2,731 | 8,272
Other creditors | 48,548 | 49,997
| 51,279 | 58,269

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100