Company Registration No. 11819831 (England and Wales)
DRAINS BOND LTD
Unaudited accounts
for the year ended 28 February 2022
DRAINS BOND LTD
Unaudited accounts
Contents
DRAINS BOND LTD
Company Information
for the year ended 28 February 2022
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 2022
Tangible assets
10,613
17,938
Cash at bank and in hand
16,342
56,804
Creditors: amounts falling due within one year
11,997
(13,500)
Net current assets
39,523
46,299
Total assets less current liabilities
50,136
64,237
Creditors: amounts falling due after more than one year
(50,000)
(57,095)
Called up share capital
100
100
Profit and loss account
36
7,042
Shareholders' funds
136
7,142
For the year ending 28 February 2022 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 21 November 2022 and were signed on its behalf by
DALY, Kenneth Allan
Director
Company Registration No. 11819831
DRAINS BOND LTD
Notes to the Accounts
for the year ended 28 February 2022
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 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.
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
At 1 March 2021
7,700
21,738
29,438
At 28 February 2022
7,700
21,738
29,438
At 1 March 2021
3,850
7,650
11,500
Charge for the year
1,925
5,400
7,325
At 28 February 2022
5,775
13,050
18,825
At 28 February 2022
1,925
8,688
10,613
At 28 February 2021
3,850
14,088
17,938
Amounts falling due within one year
Trade debtors
2,500
2,995
DRAINS BOND LTD
Notes to the Accounts
for the year ended 28 February 2022
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
13,283
3,220
Loans from directors
(26,720)
9,100
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).