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REGISTERED NUMBER: 10847152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2019

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 2019




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 2019







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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,481 79,594

CURRENT ASSETS
Stocks 20,700 -
Debtors 5 66,072 60,262
Prepayments and accrued income 2,450 -
Cash at bank and in hand 100 28,207
89,322 88,469
CREDITORS
Amounts falling due within one year 6 122,728 62,260
NET CURRENT (LIABILITIES)/ASSETS (33,406 ) 26,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,075

105,803

CREDITORS
Amounts falling due after more than one
year

7

(75,105

)

(43,290

)

PROVISIONS FOR LIABILITIES (17,608 ) (9,803 )
NET ASSETS 1,362 52,710

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,262 52,610
SHAREHOLDERS' FUNDS 1,362 52,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 2019


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 24 April 2020 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 2019

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 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2018 66,231 21,400 7,121 94,752
Additions 28,988 41,937 - 70,925
At 31 July 2019 95,219 63,337 7,121 165,677
DEPRECIATION
At 1 August 2018 9,011 5,608 539 15,158
Charge for year 16,126 4,538 2,374 23,038
At 31 July 2019 25,137 10,146 2,913 38,196
NET BOOK VALUE
At 31 July 2019 70,082 53,191 4,208 127,481
At 31 July 2018 57,220 15,792 6,582 79,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 25,234 40,487
Other debtors 40,838 19,775
66,072 60,262

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 25,211 -
Hire purchase contracts 15,096 -
Trade creditors 41,107 34,330
Taxation and social security 38,692 26,762
Other creditors 2,622 1,168
122,728 62,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Hire purchase contracts 48,230 9,627
Other creditors 26,875 33,663
75,105 43,290

Drain And Tank Engineering Ltd (Registered number: 10847152)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2019

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1.00 100 100