IRIS Accounts Production v21.1.0.652 10847152 director 1.8.19 31.7.20 31.7.20 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 10847152 2019-07-31 10847152 2020-07-31 10847152 2019-08-01 2020-07-31 10847152 2018-07-31 10847152 2018-08-01 2019-07-31 10847152 2019-07-31 10847152 ns16:EnglandWales 2019-08-01 2020-07-31 10847152 ns15:PoundSterling 2019-08-01 2020-07-31 10847152 ns11:Director1 2019-08-01 2020-07-31 10847152 ns11:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 10847152 ns11:SmallEntities 2019-08-01 2020-07-31 10847152 ns11:AuditExempt-NoAccountantsReport 2019-08-01 2020-07-31 10847152 ns11:SmallCompaniesRegimeForDirectorsReport 2019-08-01 2020-07-31 10847152 ns11:SmallCompaniesRegimeForAccounts 2019-08-01 2020-07-31 10847152 ns11:FullAccounts 2019-08-01 2020-07-31 10847152 ns11:RegisteredOffice 2019-08-01 2020-07-31 10847152 ns6:CurrentFinancialInstruments 2020-07-31 10847152 ns6:CurrentFinancialInstruments 2019-07-31 10847152 ns6:Non-currentFinancialInstruments 2020-07-31 10847152 ns6:Non-currentFinancialInstruments 2019-07-31 10847152 ns6:ShareCapital 2020-07-31 10847152 ns6:ShareCapital 2019-07-31 10847152 ns6:RetainedEarningsAccumulatedLosses 2020-07-31 10847152 ns6:RetainedEarningsAccumulatedLosses 2019-07-31 10847152 ns6:PlantMachinery 2019-08-01 2020-07-31 10847152 ns6:MotorVehicles 2019-08-01 2020-07-31 10847152 ns6:ComputerEquipment 2019-08-01 2020-07-31 10847152 ns6:PlantMachinery 2019-07-31 10847152 ns6:MotorVehicles 2019-07-31 10847152 ns6:ComputerEquipment 2019-07-31 10847152 ns6:PlantMachinery 2020-07-31 10847152 ns6:MotorVehicles 2020-07-31 10847152 ns6:ComputerEquipment 2020-07-31 10847152 ns6:PlantMachinery 2019-07-31 10847152 ns6:MotorVehicles 2019-07-31 10847152 ns6:ComputerEquipment 2019-07-31 10847152 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2020-07-31 10847152 ns6:CurrentFinancialInstruments ns6:WithinOneYear 2019-07-31 10847152 ns11:Director1 1 2019-07-31 10847152 ns11:Director1 1 2018-07-31 10847152 ns11:Director1 1 2019-08-01 2020-07-31 10847152 ns11:Director1 1 2018-08-01 2019-07-31 10847152 ns11:Director1 1 2020-07-31 10847152 ns11:Director1 1 2019-07-31
REGISTERED NUMBER: 10847152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2020

for

Drain And Tank Engineering Ltd

Drain And Tank Engineering Ltd (Registered number: 10847152)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Drain And Tank Engineering Ltd


Company Information
for the Year Ended 31 July 2020







DIRECTOR: D SMITH





REGISTERED OFFICE: 130 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AL





REGISTERED NUMBER: 10847152 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Drain And Tank Engineering Ltd (Registered number: 10847152)


Balance Sheet
31 July 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,462 127,481

CURRENT ASSETS
Stocks 20,700 20,700
Debtors 5 104,375 66,072
Prepayments and accrued income - 2,450
Cash in hand 150 100
125,225 89,322
CREDITORS
Amounts falling due within one year 6 160,297 122,728
NET CURRENT LIABILITIES (35,072 ) (33,406 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,390

94,075

CREDITORS
Amounts falling due after more than one
year

7

(95,752

)

(75,105

)

PROVISIONS FOR LIABILITIES (20,038 ) (17,608 )
NET (LIABILITIES)/ASSETS (45,400 ) 1,362

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (45,500 ) 1,262
SHAREHOLDERS' FUNDS (45,400 ) 1,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Drain And Tank Engineering Ltd (Registered number: 10847152)


Balance Sheet - continued
31 July 2020


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 28 April 2021 and were signed by:





D SMITH - Director


Drain And Tank Engineering Ltd (Registered number: 10847152)


Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

Drain And Tank Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Motor vehicles - 20% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Drain And Tank Engineering Ltd (Registered number: 10847152)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2019 95,219 63,337 7,121 165,677
Additions 25,231 22,081 267 47,579
Disposals (28,845 ) (26,792 ) - (55,637 )
At 31 July 2020 91,605 58,626 7,388 157,619
DEPRECIATION
At 1 August 2019 25,137 10,146 2,913 38,196
Charge for year 19,591 14,525 2,452 36,568
Eliminated on disposal (12,102 ) (10,505 ) - (22,607 )
At 31 July 2020 32,626 14,166 5,365 52,157
NET BOOK VALUE
At 31 July 2020 58,979 44,460 2,023 105,462
At 31 July 2019 70,082 53,191 4,208 127,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 16,010 25,234
Other debtors 88,365 40,838
104,375 66,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 46,197 25,211
Hire purchase contracts 11,471 15,096
Trade creditors 51,165 41,107
Taxation and social security 49,155 38,692
Other creditors 2,309 2,622
160,297 122,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 40,000 -
Hire purchase contracts 28,877 48,230
Other creditors 26,875 26,875
95,752 75,105

Drain And Tank Engineering Ltd (Registered number: 10847152)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

2020 2019
£    £   
D SMITH
Balance outstanding at start of year - -
Amounts advanced 21,956 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,956 -