Registered Number:NI659354 |
For the year ended 28 February 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 28 February 2023
Drumgaw Holdings Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Drumgaw Holdings Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
13,451
16,813
2
13,451
16,813
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)
1
1
(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. |
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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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. |
27 Drumgaw Road
Armagh
Armagh
BT60 2AD
The presentation currency is £ sterling. |
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
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 |
32,665
1,598
31,067
31,067
1,598
32,665
Provision for depreciation and impairment |
15,852
691
15,161
Charge for year
3,362
181
3,181
19,214
872
18,342
12,725
726
13,451
15,906
907
16,813
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For the year ended 28 February 2023
Drumgaw Holdings Limited
Notes to the Financial Statements Continued
2022
2023
4,960
3,150
4. Trade and other receivables |
2022
2023
2,080
1,544
-
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
24,497
24,028
24,761
24,425
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
12,699
16,564
7. Average number of persons employed |
During the year the average number of employees was 0
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