REGISTERED NUMBER: 00424013 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Drake A-V Video Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H Y Stewart

Mrs H C Williams

REGISTERED OFFICE:

St Fagans Road

Fairwater

Cardiff

CF5 3AE

REGISTERED NUMBER:

00424013 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Tangible assets

4

35,303

40,150

CURRENT ASSETS

Stocks

128,542

128,057

Debtors

5

409,735

398,100

Cash at bank and in hand

5,339

15,220

543,616

541,377

CREDITORS

Amounts falling due within one year

6

146,804

170,843

NET CURRENT ASSETS

396,812

370,534

TOTAL ASSETS LESS CURRENT LIABILITIES

432,115

410,684

CREDITORS

Amounts falling due after more than one year

7

-

4,167

NET ASSETS

432,115

406,517

CAPITAL AND RESERVES

Called up share capital

9

91

91

Retained earnings

432,024

406,426

SHAREHOLDERS' FUNDS

432,115

406,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

Mrs H C Williams - Director

1.	STATUTORY INFORMATION

Drake A-V Video Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Alterations to leasehold property

-

written off over 25 years

Plant and office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Studio equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken in to account in arriving at the operating profit.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Alterations

to

Plant and

leasehold

office

Motor

Studio

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

41,348

66,230

28,485

138,170

274,233

Additions

-

821

-

-

821

At 31 December 2025

41,348

67,051

28,485

138,170

275,054

DEPRECIATION

At 1 January 2025

25,563

59,696

16,159

132,665

234,083

Charge for year

657

1,103

3,082

826

5,668

At 31 December 2025

26,220

60,799

19,241

133,491

239,751

NET BOOK VALUE

At 31 December 2025

15,128

6,252

9,244

4,679

35,303

At 31 December 2024

15,785

6,534

12,326

5,505

40,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

23,668

64,906

Amounts owed by group undertakings

385,539

326,680

Other debtors

528

6,514

409,735

398,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,167

24,163

Trade creditors

110,814

97,252

Taxation and social security

18,537

29,262

Other creditors

13,286

20,166

146,804

170,843

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

4,167

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

14,163

Bank loans

4,167

14,167

4,167

28,330

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

91

Ordinary shares

1

91

91