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Registered number: 02912171
Drumco Events Ltd.
Unaudited Financial Statements
For The Year Ended 31 October 2025
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Company Information
Director Mrs Ashley Dukes
Secretary Mrs Ashley Dukes
Company Number 02912171
Registered Office Warren Farm, Old Down
Morestead
Winchester
Hampshire
SO21 1JD
Accountants Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Page 1
Page 2
Balance Sheet
Registered number: 02912171
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 177,241 125,375
177,241 125,375
CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 19,074 23,938
Cash at bank and in hand 223,960 255,797
247,034 283,735
Creditors: Amounts Falling Due Within One Year 7 (204,375 ) (226,915 )
NET CURRENT ASSETS (LIABILITIES) 42,659 56,820
TOTAL ASSETS LESS CURRENT LIABILITIES 219,900 182,195
Creditors: Amounts Falling Due After More Than One Year 8 (7,823 ) (44,230 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,310 ) (23,821 )
NET ASSETS 167,767 114,144
CAPITAL AND RESERVES
Called up share capital 12 105 105
Profit and Loss Account 167,662 114,039
SHAREHOLDERS' FUNDS 167,767 114,144
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ashley Dukes
Director
23 October 2026
The notes on pages 4 to 8 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Drumco Events Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02912171 . The registered office is Warren Farm, Old Down, Morestead, Winchester, Hampshire, SO21 1JD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.2.1 Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.2.2 Rendering of services
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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to property 20% on cost
Marquees & equipment 15% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
Office Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.6.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.6.3 Creditors
Short term creditors are measured at the transaction price.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.8. Pensions
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.
2.9. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Land & Property
Improvements to property Marquees & equipment Motor Vehicles Office Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 24,924 703,347 156,889 44,024 929,184
Additions - 69,292 59,590 1,365 130,247
Disposals - - (72,831 ) - (72,831 )
As at 31 October 2025 24,924 772,639 143,648 45,389 986,600
Depreciation
As at 1 November 2024 24,924 632,817 102,544 43,524 803,809
Provided during the period - 29,665 31,762 591 62,018
Disposals - - (56,468 ) - (56,468 )
As at 31 October 2025 24,924 662,482 77,838 44,115 809,359
Net Book Value
As at 31 October 2025 - 110,157 65,810 1,274 177,241
As at 1 November 2024 - 70,530 54,345 500 125,375
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 17,379 52,050
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5. Stocks
2025 2024
£ £
Stock 4,000 4,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,120 11,221
Other debtors 4,954 12,717
19,074 23,938
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,851 16,987
Trade creditors 6,980 18,305
Bank loans and overdrafts 9,167 10,000
Other creditors 135,699 100,770
Taxation and social security 41,678 80,853
204,375 226,915
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,823 35,063
Bank loans - 9,167
7,823 44,230
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9. Secured Creditors
The Bank Loan is secured by the UK Government, under the bounce back loan scheme.
Hire purchase loans are secured against the assets purchased.
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 18,674 52,050
Bank loans and overdrafts 9,167 19,167
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,851 16,987
Later than one year and not later than five years 7,823 35,063
18,674 52,050
18,674 52,050
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2024 23,821 23,821
Deferred taxation 20,489 20,489
Balance at 31 October 2025 44,310 44,310
12. Share Capital
2025 2024
Allotted, called up and fully paid £ £
80 Ordinary Shares of £ 1.00 each 80 80
10 Ordinary A shares of £ 1.00 each 10 10
10 Ordinary B shares of £ 1.00 each 10 10
5 Ordinary C shares of £ 1.00 each 5 5
105 105
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