Drk & Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08587927 (England and Wales)

DRK & Co Ltd

Unaudited Financial Statements for the Year Ended 30 June 2019

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,601

2,048

CURRENT ASSETS

Debtors

5

-

2,125

Cash at bank

306,902

244,485

306,902

246,610

CREDITORS

Amounts falling due within one year

6

(159,219

)

(121,448

)

NET CURRENT ASSETS

147,683

125,162

TOTAL ASSETS LESS CURRENT LIABILITIES

149,284

127,210

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

149,283

127,209

149,284

127,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2020 and were signed by:

Rampal Kaur - Director

1.	STATUTORY INFORMATION

DRK & Co Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

08587927

Registered office:

1 Twyning Road

Edgbaston

B16 0HJ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Taxation

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2018

and 30 June 2019

2,234

DEPRECIATION

At 1 July 2018

186

Charge for year

447

At 30 June 2019

633

NET BOOK VALUE

At 30 June 2019

1,601

At 30 June 2018

2,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

-

2,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

17,780

23,286

Other creditors

141,439

98,162

159,219

121,448

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Rampal Kaur.