Drakepine Limited - Period Ending 2021-03-31

Drakepine Limited

Contents

Company Information	1
Accountants' Report	2
Profit and Loss Account	3
Balance Sheet	4 to 5
Notes to the Unaudited Financial Statements	4

Drakepine Limited

Company Information

Directors

T S Hooper J A Phillips

Registered office

521-525 Pinner Road North Harrow Middlesex HA2 6EH

Accountants

Tapdat Accountants Limited T/A AIMS Certified Certified Accountants Flat 25 Meadowgate 19 Corbins Lane South Harrow Middlesex HA2 8ET

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Drakepine Limited
for the Year Ended 31 March 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Drakepine Limited for the year ended 31 March 2021 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Drakepine Limited, as a body, in accordance with the terms of our engagement letter dated 26 November 2018. Our work has been undertaken solely to prepare for your approval the accounts of Drakepine Limited and state those matters that we have agreed to state to the Board of Directors of Drakepine Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Drakepine Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Drakepine Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Drakepine Limited. You consider that Drakepine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Drakepine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Tapdat Accountants Limited T/A AIMS
Certified Certified Accountants
Flat 25 Meadowgate
19 Corbins Lane
South Harrow
Middlesex
HA2 8ET

28 April 2022

Drakepine Limited

Profit and Loss Account for the Year Ended 31 March 2021

	2021 £	2020 £
Turnover	1,062,777	1,524,261
Other income	76,935	-
Cost of raw materials and consumables	(647,518)	(1,048,750)
Staff costs	(206,673)	(257,717)
Depreciation and other amounts written off assets	(14,318)	(16,360)
Other charges	(215,816)	(202,805)
Profit/(loss) before tax	55,387	(1,371)
Tax on profit/(loss)	(12,981)	(2,371)
Profit/(loss) for the year	42,406	(3,742)

Drakepine Limited

(Registration number: 02305427)
Balance Sheet as at 31 March 2021

	2021 £	2020 £
Fixed assets	227,314	240,767
Current assets	379,450	566,107
Prepayments and accrued income	8,690	9,973
Creditors: Amounts falling due within one year	(291,870)	(455,138)
Net current assets	96,270	120,942
Total assets less current liabilities	323,584	361,709
Accruals and deferred income	(5,800)	(74,331)
	317,784	287,378
Capital and reserves	317,784	287,378

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
521-525 Pinner Road
North Harrow
Middlesex
HA2 6EH
United Kingdom

These financial statements were authorised for issue by the Board on 28 April 2022.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2020 - 9).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

Drakepine Limited

(Registration number: 02305427)
Balance Sheet as at 31 March 2021

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 28 April 2022 and signed on its behalf by:
 

.........................................

T S Hooper
Director