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THE DRAINAGE COMPANY LIMITED




Company Registration Number:
06940485 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st July 2012

End date: 30th June 2013

SUBMITTED

THE DRAINAGE COMPANY LIMITED

Company Information
for the Period Ended 30th June 2013




Director: Jonathan Hirst
Company secretary: Jonathan Hirst
Registered office: 145-157 St. John Street
London
EC1V 4PW
GB-ENG
Company Registration Number: 06940485 (England and Wales)

THE DRAINAGE COMPANY LIMITED

Abbreviated Balance sheet
As at 30th June 2013

Notes 2013
£		 2012
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors: 3 380,372 404,975
Cash at bank and in hand: 3,948 0
Total current assets: 384,320 404,975
Creditors
Creditors: amounts falling due within one year 4 446,912 401,027
Net current assets (liabilities): ( 62,592 ) 3,948
Total assets less current liabilities: ( 62,592 ) 3,948
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 62,592 ) 3,948

The notes form part of these financial statements

THE DRAINAGE COMPANY LIMITED

Abbreviated Balance sheet
As at 30th June 2013
continued

Notes 2013
£		 2012
£
Capital and reserves
Called up share capital: 5 1 1
Profit and Loss account: ( 62,593 ) 3,947
Total shareholders funds: ( 62,592 ) 3,948

For the year ending 30 June 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 24 March 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Jonathan Hirst
Status: Director

The notes form part of these financial statements

THE DRAINAGE COMPANY LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2013

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking of any grants receivable, at the following annual rates in order to write off each asset over its useful life, Land & Building 0% on cost per annum, Plant & Equipment 10% on cost per annum, Fixtures & Fixings 20% on cost per annum, Office Equipment 33% on cost per annum, Motor Vehicles 25% on cost per annum.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

THE DRAINAGE COMPANY LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2013

  • 3. Debtors

    2013
    £     		2012
    £
    Trade debtors: 380,372 404,975
    Other debtors: 0 0
    Prepayments and accrued income: 0 0
    Total: 380,372 404,975

THE DRAINAGE COMPANY LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2013

  • 4. Creditors: amounts falling due within one year

    2013
    £     		2012
    £
    Bank loans and overdrafts: 0 0
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 446,912 401,027
    Taxation and social security: 0 0
    Accruals and deferred income: 0 0
    Other creditors: 0 0
    Total: 446,912 401,027

THE DRAINAGE COMPANY LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2013

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1
    Current period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    		1
    Total share capital: 1