Draper & Nichols Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01323284

Draper & Nichols Limited

Unaudited financial statements

30 September 2025

Draper & Nichols Limited

Statement of financial position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		20,134		28,963

Current assets

Stocks		2,000	2,000
Debtors	6	1,944,757	1,936,715
Cash at bank and in hand		2,038,330	1,923,159
		-----------	-----------
		3,985,087	3,861,874

Creditors: Amounts falling due within one year	7	( 880,426)		( 956,133)
		-----------		-----------
Net current assets			3,104,661		2,905,741
			-----------		-----------
Total assets less current liabilities			3,124,795		2,934,704

Accruals and deferred income	( 492,636)	( 453,826)
	-----------	-----------
Net assets	2,632,159	2,480,878
	-----------	-----------

Capital and reserves

Called up share capital	8	657	657
Capital redemption reserve		390	390
Profit and loss account		2,631,112	2,479,831
		-----------	-----------
Shareholders funds		2,632,159	2,480,878
		-----------	-----------

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.

For the 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Draper & Nichols Limited

Statement of financial position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 23 June 2026 , and are signed on behalf of the board by:

K E N Nabarro
Director

Company registration number: 01323284

Draper & Nichols Limited

Notes to the financial statements

Year ended 30 September 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 7 Gunton Lane, New Costessey, Norwich, Norfolk, NR5 0AD.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest pound.

Revenue recognition

The turnover shown in the statement of income and retained earnings represents the fair value of the consideration received or receivable, exclusive of Value Added Tax. Turnover includes revenue earned from the rendering of services and from construction contracts. - Construction contracts In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. When the outcome of a construction contract can be estimated reliably, the Company will recognise revenue by reference to the stage of completion at the date of the financial statements. The stage of completion is determined by the proportion of costs incurred to date in comparison to the total estimated final costs for the contract. - Rendering of services Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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:

Plant and machinery	-	15% reducing balance
Furniture and equipment	-	10% reducing balance
Motor vehicles	-	25% reducing balance

Defined contribution plans

The company operates a defined contribution pension scheme for employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of employees during the year was 32 (2024: 32 ).

5. Tangible assets

	Plant and machinery	Furniture and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2024	190,937	37,466	257,292	485,695
Additions	–	1,460	–	1,460
Disposals	( 22,399)	( 30,624)	( 68,293)	( 121,316)
	---------	-------	---------	---------
At 30 September 2025	168,538	8,302	188,999	365,839
	---------	-------	---------	---------
Depreciation
At 1 October 2024	180,457	30,838	245,437	456,732
Charge for the year	1,311	817	2,738	4,866
Disposals	( 20,661)	( 27,835)	( 67,397)	( 115,893)
	---------	-------	---------	---------
At 30 September 2025	161,107	3,820	180,778	345,705
	---------	-------	---------	---------
Carrying amount
At 30 September 2025	7,431	4,482	8,221	20,134
	---------	-------	---------	---------
At 30 September 2024	10,480	6,628	11,855	28,963
	---------	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	750,231	859,125
Amounts owed by group undertakings	52,986	–
Deferred tax asset	9,501	6,949
Prepayments and accrued income	61,821	63,484
Amounts recoverable on contracts	1,070,218	681,157
Other debtors	–	326,000
	-----------	-----------
	1,944,757	1,936,715
	-----------	-----------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Deferred tax asset	9,501	6,949
	------	------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	694,150	569,314
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	97,014
Social security and other taxes	182,063	283,036
Other creditors	4,213	6,769
	---------	---------
	880,426	956,133
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary 'A' shares of £ 1 each	610	610	610	610
Ordinary 'B' shares of £ 1 each	47	47	47	47
	----	----	----	----
	657	657	657	657
	----	----	----	----

The ordinary 'B' shares are entitled to dividends but are non-voting and non-participating.