Registration number: 09809154

Drone Safe Register Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 10

Drone Safe Register Limited

Company Information

Directors

Mr T Boyt Mr C R Boyt Mr K T Watson Mr M Boyt

Registered office

Unit 1K St James Industrial Estate Westhampnett Road Chichester West Sussex PO19 7JU

Accountants

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Drone Safe Register Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Drone Safe Register Limited for the year ended 31 October 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Drone Safe Register Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Drone Safe Register Limited and state those matters that we have agreed to state to the Board of Directors of Drone Safe Register Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drone Safe Register Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Drone Safe Register Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Drone Safe Register Limited. You consider that Drone Safe Register Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Drone Safe Register Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

25 June 2026

Drone Safe Register Limited

(Registration number: 09809154)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	4,182	7,237
Tangible assets	5	76,180	89,641
		80,362	96,878
Current assets
Stocks	6	479,107	506,428
Debtors	7	282,122	60,150
Cash at bank and in hand		70,512	59,871
		831,741	626,449
Creditors: Amounts falling due within one year	8	(524,427)	(355,160)
Net current assets		307,314	271,289
Net assets		387,676	368,167
Capital and reserves
Called up share capital	9	102	102
Share premium reserve		42,498	42,498
Capital redemption reserve		67	67
Retained earnings		345,009	325,500
Shareholders' funds		387,676	368,167

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2026 and signed on its behalf by:
 

......................................... Mr M Boyt Director

Drone Safe Register Limited

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

1	General information

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

The address of its registered office is:
Unit 1K St James Industrial Estate
Westhampnett Road
Chichester
West Sussex
PO19 7JU

These financial statements were authorised for issue by the Board on 25 June 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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
Office equipment	25% straight line
Leasehold improvements	9% straight line

Drone Safe Register Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	33% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Drone Safe Register Limited

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

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

Drone Safe Register Limited

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

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 November 2024	38,919	38,919
Additions acquired separately	1,365	1,365
At 31 October 2025	40,284	40,284
Amortisation
At 1 November 2024	31,682	31,682
Amortisation charge	4,420	4,420
At 31 October 2025	36,102	36,102
Carrying amount
At 31 October 2025	4,182	4,182
At 31 October 2024	7,237	7,237

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	95,111	31,045	126,156
Additions	-	2,808	2,808
Disposals	-	(2,171)	(2,171)
At 31 October 2025	95,111	31,682	126,793
Depreciation
At 1 November 2024	16,300	20,215	36,515
Charge for the year	8,150	8,119	16,269
Eliminated on disposal	-	(2,171)	(2,171)
At 31 October 2025	24,450	26,163	50,613
Carrying amount
At 31 October 2025	70,661	5,519	76,180
At 31 October 2024	78,811	10,830	89,641

Included within the net book value of land and buildings above is £70,661 (2024 - £78,811) in respect of short leasehold land and buildings.
 

Drone Safe Register Limited

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

6

Stocks

	2025 £	2024 £
Other inventories	479,107	506,428

7

Debtors

Current	2025 £	2024 £
Trade debtors	14,995	55,620
Prepayments	5,033	4,530
Other debtors	262,094	-
	282,122	60,150

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	22,267	34,247
Trade creditors		331,657	275,462
Taxation and social security		29,249	44,912
Accruals and deferred income		125,946	-
Other creditors		15,308	539
		524,427	355,160

Drone Safe Register Limited

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

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £0.00 each	72,125	72.13	-	-
Ordinary B Shares of £0.00 each	10,000	10.00	-	-
Ordinary C Shares of £0.00 each	10,000	10.00	-	-
Ordinary D Shares of £0.00 each	10,000	10.00	-	-
Ordinary Shares of £0.00 each	-	-	102,125	102.13
	102,125	102.13	102,125	102.13

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,453	28,296
Bank overdrafts	1,819	-
Other borrowings	7,995	5,951
	22,267	34,247

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £0.3882 (2024 - £Nil) per each Ordinary A Shares		28,000		-
Interim dividend of £0.50 (2024 - £Nil) per each Ordinary B Shares		5,000		-
Interim dividend of £0.50 (2024 - £Nil) per each Ordinary C Shares		5,000		-
Interim dividend of £0.50 (2024 - £Nil) per each Ordinary D Shares		5,000		-
		43,000		-

Drone Safe Register Limited

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

12	Related party transactions

Transactions with directors

2025	At 1 November 2024 £	Advances to director £	Repayments by director £	At 31 October 2025 £
Mr C R Boyt
	-	1,200	(5,000)	(3,800)
Mr M Boyt
	-	33,162	(28,000)	5,162
Mr K T Watson
	-	-	(5,000)	(5,000)
Mr T Boyt
	-	-	(5,000)	(5,000)

Dividends of £5,162.00 were declared within 9 months of the year end date for the overdrawn Directors Loan balance above.