2022-03-01 NI659354 2023-02-28 NI659354 2022-03-01 2023-02-28 NI659354 2022-02-28 NI659354 2021-03-01 2022-02-28 NI659354 uk-core:WithinOneYear 2022-02-28 NI659354 uk-core:WithinOneYear 2023-02-28 NI659354 uk-core:AfterOneYear 2022-02-28 NI659354 uk-core:AfterOneYear 2023-02-28 NI659354 uk-core:ShareCapital 2023-02-28 NI659354 uk-core:ShareCapital 2022-02-28 NI659354 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI659354 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI659354 uk-bus:Director1 2022-03-01 2023-02-28 NI659354 uk-core:PlantMachinery 2022-03-01 2023-02-28 NI659354 uk-core:ComputerEquipment 2022-03-01 2023-02-28 NI659354 uk-core:ComputerEquipment 2022-02-28 NI659354 uk-core:PlantMachinery 2022-02-28 NI659354 uk-core:PlantMachinery 2023-02-28 NI659354 uk-core:ComputerEquipment 2023-02-28 NI659354 uk-core:AfterOneYear uk-core:Secured 2023-02-28 NI659354 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure NI659354 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI659354 uk-bus:FRS102 2022-03-01 2023-02-28 NI659354 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI659354 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Drumgaw Holdings Limited
Registered Number:NI659354
For the year ended 28 February 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 28 February 2023
Drumgaw Holdings Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI659354
As at 28 February 2023
Drumgaw Holdings Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
13,451
16,813
2
13,451
16,813
Current assets
Inventories
3,150
4,960
3
Trade and other receivables
3,872
2,080
4
16,233
Cash and cash equivalents
11,097
18,137
23,255
Trade and other payables: amounts falling due within one
year
(24,425)
(24,761)
5
(1,170)
(6,624)
Net current liabilities
Total assets less current liabilities
6,827
15,643
Trade and other payables: amounts falling due after more
than one year
(16,564)
(12,699)
6
(5,872)
Net liabilities
(921)
Capital and reserves
Called up share capital
1
1
Retained earnings
(5,873)
(922)
(5,872)
(921)
Shareholders' funds
For the year ended 28 February 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 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Gareth Megaw Director
These financial statements were approved and authorised for issue by the Board on 17 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Drumgaw Holdings Limited
Notes to the Financial Statements
Statutory Information
Drumgaw Holdings Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI659354.
Registered address:
27 Drumgaw Road
Armagh
Armagh
BT60 2AD
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.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
20 Reducing balance
20 Reducing balance
Computer Equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2022
32,665
1,598
31,067
At 28 February 2023
31,067
1,598
32,665
Provision for depreciation and impairment
At 01 March 2022
15,852
691
15,161
Charge for year
3,362
181
3,181
At 28 February 2023
19,214
872
18,342
At 28 February 2023
Net book value
12,725
726
13,451
At 28 February 2022
15,906
907
16,813
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5
For the year ended 28 February 2023
Drumgaw Holdings Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
4,960
3,150
4. Trade and other receivables
2022
2023
£
£
Trade debtors
2,080
1,544
Other debtors
-
2,328
3,872
2,080
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
264
397
Other creditors
24,497
24,028
24,761
24,425
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
12,699
16,564
7. Average number of persons employed
During the year the average number of employees was 0
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