Company Registration No. 10658282 (England and Wales)
DRP London Limited
Unaudited accounts
for the year ended 31 March 2020
DRP London Limited
Unaudited accounts
Contents
DRP London Limited
Company Information
for the year ended 31 March 2020
Directors
Robert Poll
Durrell Bishop
Company Number
10658282 (England and Wales)
Registered Office
Flat 5
74-84 Banner Street
London
EC1Y 8JU
Accountants
Charterwells
The Georgian House
189 Stanmore Hill
Stanmore
HA7 3HD
DRP London Limited
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
45,418
76,918
Creditors: amounts falling due within one year
(114,730)
(110,501)
Net current assets
51,372
16,452
Called up share capital
20
20
Profit and loss account
52,283
20,727
Shareholders' funds
52,303
20,747
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 21 July 2020 and were signed on its behalf by
Robert Poll
Director
Company Registration No. 10658282
DRP London Limited
Notes to the Accounts
for the year ended 31 March 2020
DRP London Limited is a private company, limited by shares, registered in England and Wales, registration number 10658282. The registered office is Flat 5, 74-84 Banner Street, London, EC1Y 8JU.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
DRP London Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Finished goods
90,799
28,128
Trade debtors
26,290
21,502
Accrued income and prepayments
394
397
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
5,310
-
Loans from directors
107,843
105,142
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).
