Drawstorm UK Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 6

Drawstorm UK Limited

Company Information

Directors

C Priess O Priess

Registered Office

Unit 13 Warmley Business Park Crown Way Warmley Bristol BS30 8FR

Registered Number

06173532

Drawstorm UK Limited

(Registration number: 06173532)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	773,796	1,124,296
Current assets
Debtors	5	23,102	124,123
Cash at bank and in hand		17,171	2,587
		40,273	126,710
Creditors: Amounts falling due within one year	6	(838,694)	(1,196,406)
Net current liabilities		(798,421)	(1,069,696)
Net (liabilities)/assets		(24,625)	54,600
Capital and reserves
Called up share capital		10,000	10,000
Retained earnings		(34,625)	44,600
Shareholders' (deficit)/funds		(24,625)	54,600

Drawstorm UK Limited

(Registration number: 06173532)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 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 30 September 2025 and signed on its behalf by:
 

......................................... C Priess Director

......................................... O Priess Director

Drawstorm UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
Unit 13 Warmley Business Park
Crown Way
Warmley
Bristol
BS30 8FR

These financial statements were authorised for issue by the Board on 30 September 2025.

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). There have been no material departures from the Financial Reporting Standard 102 1A.

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. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

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.

Tax

The tax expense for the period comprises current and deferred tax. 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.

The current 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.

Drawstorm UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Asset class	Depreciation method and rate
Land and buildings	1% straight line

Trade 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.

Trade 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Drawstorm UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 January 2024	1,154,796	1,154,796
Disposals	(350,000)	(350,000)
At 31 December 2024	804,796	804,796
Depreciation
At 1 January 2024	30,500	30,500
Charge for the year	7,500	7,500
Eliminated on disposal	(7,000)	(7,000)
At 31 December 2024	31,000	31,000
Carrying amount
At 31 December 2024	773,796	773,796
At 31 December 2023	1,124,296	1,124,296

5

Debtors

	2024 £	2023 £
Trade debtors	16,602	124,123
Other debtors	6,500	-
	23,102	124,123

6

Creditors

Due within one year	2024 £	2023 £
Bank loans and overdrafts	5,500	8,500
Trade creditors	820	7,493
Taxation and social security	70,962	50,302
Other creditors	761,412	1,130,111
	838,694	1,196,406