2022-04-01 07371493 2023-03-31 07371493 2022-04-01 2023-03-31 07371493 2022-03-31 07371493 2021-04-01 2022-03-31 07371493 uk-core:WithinOneYear 2022-03-31 07371493 uk-core:WithinOneYear 2023-03-31 07371493 uk-core:AfterOneYear 2022-03-31 07371493 uk-core:AfterOneYear 2023-03-31 07371493 uk-core:ShareCapital 2023-03-31 07371493 uk-core:ShareCapital 2022-03-31 07371493 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07371493 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 07371493 uk-bus:Director1 2022-04-01 2023-03-31 07371493 uk-core:NetGoodwill 2022-04-01 2023-03-31 07371493 uk-core:ToolsEquipment 2022-04-01 2023-03-31 07371493 uk-core:FurnitureFittings 2022-04-01 2023-03-31 07371493 uk-core:Goodwill 2022-03-31 07371493 uk-core:Goodwill 2023-03-31 07371493 uk-core:Goodwill 2022-04-01 2023-03-31 07371493 uk-core:ToolsEquipment 2022-03-31 07371493 uk-core:FurnitureFittings 2022-03-31 07371493 uk-core:FurnitureFittings 2023-03-31 07371493 uk-core:ToolsEquipment 2023-03-31 07371493 uk-core:WithinOneYear 2023-03-31 07371493 uk-core:WithinOneYear 2022-03-31 07371493 uk-core:AfterOneYear uk-core:Secured 2023-03-31 07371493 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 07371493 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07371493 uk-bus:FRS102 2022-04-01 2023-03-31 07371493 uk-bus:FullAccounts 2022-04-01 2023-03-31 07371493 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Duffy Regan Ltd
Registered Number:07371493
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Duffy Regan Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07371493
As at 31 March 2023
Duffy Regan Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
150,527
170,854
2
Property, plant and equipment
375
1,558
3
150,902
172,412
Current assets
Trade and other receivables
52,948
46,953
4
21,225
Cash and cash equivalents
12,157
59,110
74,173
Trade and other payables: amounts falling due within one
year
(83,897)
(80,675)
5
(9,724)
(21,565)
Net current liabilities
Total assets less current liabilities
129,337
162,688
Trade and other payables: amounts falling due after more
than one year
(105,172)
(60,138)
6
69,199
Net assets
57,516
Capital and reserves
Called up share capital
50,000
50,000
Retained earnings
19,199
7,516
69,199
57,516
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Wright-Anderson Director
These financial statements were approved and authorised for issue by the Board on 26 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Duffy Regan Ltd
Notes to the Financial Statements
Statutory Information
Duffy Regan Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07371493.
Registered address:
9 Malvern Road
Worcester
WR2 4LE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Computer equipment
25 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2023
Duffy Regan Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
290,382
At 31 March 2023
290,382
Amortisation
At 01 April 2022
119,528
20,327
Charge for year
At 31 March 2023
139,855
Net book value
At 31 March 2023
150,527
At 31 March 2022
170,854
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2022
13,357
10,293
3,064
496
496
-
Additions
At 31 March 2023
3,064
10,789
13,853
Provision for depreciation and impairment
At 01 April 2022
11,799
8,737
3,062
Charge for year
1,679
1,679
-
At 31 March 2023
13,478
10,416
3,062
At 31 March 2023
Net book value
2
373
375
At 31 March 2022
2
1,556
1,558
4. Trade and other receivables
2022
2023
£
£
Trade debtors
29,029
38,109
Amounts owed by group undertakings and participating interests
13,057
11,880
Other debtors
4,867
2,959
52,948
46,953
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6
For the year ended 31 March 2023
Duffy Regan Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
53,487
50,604
Trade creditors
1,750
251
Taxation and social security
17,070
19,011
Other creditors
8,368
14,031
80,675
83,897
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
37,810
81,261
Other creditors
22,328
23,911
60,138
105,172
7. Average number of persons employed
During the year the average number of employees was 4 (2022 : 5)
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