Company Registration No. 09842831 (England and Wales)
3Drakes Ltd
Unaudited accounts
for the year ended 31 March 2023
3Drakes Ltd
Unaudited accounts
Contents
3Drakes Ltd
Company Information
for the year ended 31 March 2023
Directors
Mr Douglas Lee
Mrs Marcia Lee
Company Number
09842831 (England and Wales)
Registered Office
Unit 16 Bridgegate Centre
Martinfield
Welwyn Garden City
Herts
AL7 1JG
Accountants
GEM Accountancy
1 Lemsford Village
Welwyn Garden City
Herts
AL8 7TN
3Drakes Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
32,734
27,236
Cash at bank and in hand
32,115
6,452
Creditors: amounts falling due within one year
(84,892)
(52,818)
Net current liabilities
(36,788)
(33,766)
Total assets less current liabilities
(4,054)
(6,530)
Creditors: amounts falling due after more than one year
(12,178)
-
Net liabilities
(16,232)
(6,530)
Called up share capital
100
100
Profit and loss account
(16,332)
(6,630)
Shareholders' funds
(16,232)
(6,530)
For the year ending 31 March 2023 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 17 May 2023 and were signed on its behalf by
Mr Douglas Lee
Director
Company Registration No. 09842831
3Drakes Ltd
Notes to the Accounts
for the year ended 31 March 2023
3Drakes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09842831. The registered office is Unit 16 Bridgegate Centre, Martinfield, Welwyn Garden City, Herts, AL7 1JG.
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:
Plant & machinery
18% straight line
Motor vehicles
18% straight line
Computer equipment
18% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
36,504
700
2,312
39,516
Additions
1,200
12,995
1,374
15,569
At 31 March 2023
37,704
13,695
3,686
55,085
At 1 April 2022
11,511
133
636
12,280
Charge for the year
6,799
2,595
677
10,071
At 31 March 2023
18,310
2,728
1,313
22,351
At 31 March 2023
19,394
10,967
2,373
32,734
At 31 March 2022
24,993
567
1,676
27,236
3Drakes Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
14,389
11,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
51,423
19,523
Obligations under finance leases and hire purchase contracts
3,914
-
Trade creditors
4,797
6,544
Taxes and social security
1,033
3,648
Other creditors
13,144
16,729
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
12,178
-
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
