IRIS Accounts Production v23.1.0.753 09618219 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 12340 12340 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure096182192022-03-31096182192023-03-31096182192022-04-012023-03-31096182192021-03-31096182192021-04-012022-03-31096182192022-03-3109618219ns16:EnglandWales2022-04-012023-03-3109618219ns15:PoundSterling2022-04-012023-03-3109618219ns11:Director12022-04-012023-03-3109618219ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109618219ns11:SmallEntities2022-04-012023-03-3109618219ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109618219ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109618219ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109618219ns11:FullAccounts2022-04-012023-03-3109618219ns11:OrdinaryShareClass12022-04-012023-03-310961821942ns11:Director22022-04-012023-03-310961821942ns11:Director22023-03-3109618219ns11:Director22022-04-012023-03-3109618219ns11:CompanySecretary12022-04-012023-03-3109618219ns11:RegisteredOffice2022-04-012023-03-3109618219ns6:CurrentFinancialInstruments2023-03-3109618219ns6:CurrentFinancialInstruments2022-03-3109618219ns6:Non-currentFinancialInstruments2023-03-3109618219ns6:Non-currentFinancialInstruments2022-03-3109618219ns6:ShareCapital2023-03-3109618219ns6:ShareCapital2022-03-3109618219ns6:RetainedEarningsAccumulatedLosses2023-03-3109618219ns6:RetainedEarningsAccumulatedLosses2022-03-3109618219ns6:PlantMachinery2022-04-012023-03-3109618219ns6:MotorVehicles2022-04-012023-03-3109618219ns6:ComputerEquipment2022-04-012023-03-3109618219ns6:PlantMachinery2022-03-3109618219ns6:PlantMachinery2023-03-3109618219ns6:PlantMachinery2022-03-3109618219ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109618219ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3109618219ns6:Secured2023-03-3109618219ns6:Secured2022-03-3109618219ns11:OrdinaryShareClass12023-03-3109618219ns11:Director112022-03-3109618219ns11:Director112021-03-3109618219ns11:Director112022-04-012023-03-3109618219ns11:Director112021-04-012022-03-3109618219ns11:Director112023-03-3109618219ns11:Director112022-03-31
REGISTERED NUMBER: 09618219 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2023

for

G Duffy Limited

G Duffy Limited (Registered number: 09618219)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Duffy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G S Duffy
Mrs C Duffy





SECRETARY: Mrs C Duffy





REGISTERED OFFICE: Bank Chambers
Brook Street
Bishops Waltham
Southampton
Hampshire
SO32 1AX





REGISTERED NUMBER: 09618219 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

G Duffy Limited (Registered number: 09618219)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 973 858

CURRENT ASSETS
Stocks 220 220
Debtors 5 23,043 6,332
Cash at bank 4,675 26,660
27,938 33,212
CREDITORS
Amounts falling due within one year 6 16,858 11,199
NET CURRENT ASSETS 11,080 22,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,053

22,871

CREDITORS
Amounts falling due after more than one
year

7

(11,225

)

(16,204

)

PROVISIONS FOR LIABILITIES (185 ) (163 )
NET ASSETS 643 6,504

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 543 6,404
SHAREHOLDERS' FUNDS 643 6,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

G Duffy Limited (Registered number: 09618219)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





G S Duffy - Director


G Duffy Limited (Registered number: 09618219)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

G Duffy Limited 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 represents net invoiced sales of good and services, excluding value added tax, after adjusting for accrued income, where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

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.


G Duffy Limited (Registered number: 09618219)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 6,599
Additions 541
Disposals (571 )
At 31 March 2023 6,569
DEPRECIATION
At 1 April 2022 5,741
Charge for year 324
Eliminated on disposal (469 )
At 31 March 2023 5,596
NET BOOK VALUE
At 31 March 2023 973
At 31 March 2022 858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,608 3,385
Other debtors 19,435 2,947
23,043 6,332

G Duffy Limited (Registered number: 09618219)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,979 4,851
Trade creditors 7,660 2,583
Taxation and social security 3,019 555
Other creditors 1,200 3,210
16,858 11,199

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 11,225 16,204

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 16,204 21,055

The Bank Loan is secured by the UK Government, under the bounce back loan scheme.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
G S Duffy and Mrs C Duffy
Balance outstanding at start of year - -
Amounts advanced 12,340 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,340 -