Company Registration No. 10716362 (England and Wales)
Drain Surgeons (1977) Limited
Unaudited accounts
for the year ended 30 April 2025
Drain Surgeons (1977) Limited
Unaudited accounts
Contents
Drain Surgeons (1977) Limited
Company Information
for the year ended 30 April 2025
Director
Brian James Davis
Company Number
10716362 (England and Wales)
Registered Office
Southgate Office Village, Block E
286-A Chase Road, Southgate
Southgate
London
Please select
N14 6HF
England
Drain Surgeons (1977) Limited
Statement of financial position
as at 30 April 2025
Tangible assets
15,787
19,500
Cash at bank and in hand
16,351
16,489
Creditors: amounts falling due within one year
(262,797)
(176,268)
Net current liabilities
(71,081)
(37,560)
Total assets less current liabilities
(55,294)
(18,060)
Creditors: amounts falling due after more than one year
-
(1,578)
Net liabilities
(55,294)
(19,638)
Called up share capital
100
100
Profit and loss account
(55,394)
(19,738)
Shareholders' funds
(55,294)
(19,638)
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2026 and were signed on its behalf by
Brian James Davis
Director
Company Registration No. 10716362
Drain Surgeons (1977) Limited
Notes to the Accounts
for the year ended 30 April 2025
Drain Surgeons (1977) Limited is a private company, limited by shares, registered in England and Wales, registration number 10716362. The registered office is Southgate Office Village, Block E, 286-A Chase Road, Southgate, Southgate, London, Please select, N14 6HF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Drain Surgeons (1977) Limited
Notes to the Accounts
for the year ended 30 April 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Method
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2024
18,795
18,798
37,593
At 30 April 2025
18,795
18,798
37,593
At 1 May 2024
10,911
7,182
18,093
Charge for the year
1,971
1,742
3,713
At 30 April 2025
12,882
8,924
21,806
At 30 April 2025
5,913
9,874
15,787
At 30 April 2024
7,884
11,616
19,500
Amounts falling due within one year
Trade debtors
77,488
94,209
Other debtors
96,622
26,055
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
4,160
Taxes and social security
168,174
98,572
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
1,578
Drain Surgeons (1977) Limited
Notes to the Accounts
for the year ended 30 April 2025
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Transactions with related parties
At the balance sheet date, where the director held controlling interests, the director owed the company £71,867.
The company's ultimate controlling party is that of Mr Brian James Davis by virtue of his ownership of 100% of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 4 (2024: 4).