REGISTERED NUMBER: 01745635 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

DRUCEGROVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Kelly

Mrs R L Kelly

SECRETARY:

D A Kelly

REGISTERED OFFICE:

Essex House

8 The Shrubberies

George Lane

South Woodford

London

E18 1BD

REGISTERED NUMBER:

01745635 (England and Wales)

BANKERS:

Barclays Bank

183 High Street

Epping

Essex

CM16 4BH

FIXED ASSETS

Tangible assets

4

81,103

84,911

CURRENT ASSETS

Stocks

242,666

260,932

Debtors

5

92,934

82,386

Cash at bank and in hand

203,044

457,914

538,644

801,232

CREDITORS

Amounts falling due within one year

6

72,326

105,894

NET CURRENT ASSETS

466,318

695,338

TOTAL ASSETS LESS CURRENT LIABILITIES

547,421

780,249

CREDITORS

Amounts falling due after more than one year

7

407,202

407,202

NET ASSETS

140,219

373,047

CAPITAL AND RESERVES

Called up share capital

76

76

Retained earnings

140,143

372,971

SHAREHOLDERS' FUNDS

140,219

373,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

D A Kelly - Director

1.	STATUTORY INFORMATION

Drucegrove 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

2% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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 Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared under the going concern basis as the directors have agreed to provide financial support to meet the company's day to day commitments for at least twelve months from the date of approval by the Board of Directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2024

58,622

39,754

30,250

128,626

Additions

-

-

336

336

At 30 November 2025

58,622

39,754

30,586

128,962

DEPRECIATION

At 1 December 2024

3,447

12,754

27,514

43,715

Charge for year

1,104

2,026

1,014

4,144

At 30 November 2025

4,551

14,780

28,528

47,859

NET BOOK VALUE

At 30 November 2025

54,071

24,974

2,058

81,103

At 30 November 2024

55,175

27,000

2,736

84,911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

74,970

50,913

Other debtors

17,964

31,473

92,934

82,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,983

Trade creditors

30,439

52,010

Taxation and social security

14,862

8,925

Other creditors

27,025

42,976

72,326

105,894

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

407,202

407,202

8.	RELATED PARTY DISCLOSURES