Company Registration No. 11819831 (England and Wales)
DRAINS BOND LTD
Unaudited accounts
for the period from 1 March 2019 to 28 February 2020
DRAINS BOND LTD
Unaudited accounts
Contents
DRAINS BOND LTD
Company Information
for the period from 1 March 2019 to 28 February 2020
Director
DALY, Kenneth Allan
Company Number
11819831 (England and Wales)
Registered Office
2 RED HOUSE SQUARE
LONDON
N1 2WB
UNITED KINGDOM
Accountants
Allen Robyn & Associates Limited
367 Caledonian Road
London
N7 9DQ
DRAINS BOND LTD
Statement of financial position
as at
28 February 2020
Cash at bank and in hand
11,169
Creditors: amounts falling due within one year
(3,012)
Total assets less current liabilities
30,009
Creditors: amounts falling due after more than one year
(12,504)
Called up share capital
100
Profit and loss account
17,405
Shareholders' funds
17,505
For the period ending 28 February 2020 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 June 2020 and were signed on its behalf by
DALY, Kenneth Allan
Director
Company Registration No. 11819831
DRAINS BOND LTD
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
DRAINS BOND LTD is a private company, limited by shares, registered in England and Wales, registration number 11819831. The registered office is 2 RED HOUSE SQUARE, LONDON, N1 2WB, UNITED KINGDOM.
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 period, 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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
Additions
7,700
23,238
30,938
At 28 February 2020
7,700
23,238
30,938
Charge for the period
1,925
2,575
4,500
At 28 February 2020
1,925
2,575
4,500
At 28 February 2020
5,775
20,663
26,438
DRAINS BOND LTD
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
6
Creditors: amounts falling due within one year
2020
Taxes and social security
2,412
7
Creditors: amounts falling due after more than one year
2020
8
Average number of employees
During the period the average number of employees was 1.