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REGISTERED NUMBER: NI020009 (Northern Ireland)















Financial Statements for the Year Ended 31 August 2023

for

Deane Public Works Limited

Deane Public Works Limited (Registered number: NI020009)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Deane Public Works Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S G Deane
Mrs J Deane





REGISTERED OFFICE: Killadeas
Irvinestown
Enniskillen
Co. Fermanagh
BT94 1RE





REGISTERED NUMBER: NI020009 (Northern Ireland)





ACCOUNTANTS: Dundas Gallagher
Chartered Accountants and Statutory Auditors
Thistlebank House
2 Old Henry Street
Enniskillen
Co. Fermanagh
BT74 7JX

Deane Public Works Limited (Registered number: NI020009)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 690,190 609,437
Investments 5 10,169 10,169
700,359 619,606

CURRENT ASSETS
Stocks 85,632 265,000
Debtors 6 444,400 563,094
Prepayments and accrued income 810,090 1,048,443
Cash at bank 2,412,785 1,337,393
3,752,907 3,213,930
CREDITORS
Amounts falling due within one year 7 1,121,303 1,041,808
NET CURRENT ASSETS 2,631,604 2,172,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,331,963

2,791,728

CREDITORS
Amounts falling due after more than one year 8 (212,746 ) (317,318 )

PROVISIONS FOR LIABILITIES (44,319 ) (27,090 )
NET ASSETS 3,074,898 2,447,320

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 3,064,898 2,437,320
3,074,898 2,447,320

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

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

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 16 February 2024 and were signed on its behalf by:



S G Deane - Director


Deane Public Works Limited (Registered number: NI020009)

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

1. STATUTORY INFORMATION

Deane Public Works Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

Deane Public Works Limited (Registered number: NI020009)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 439,770 2,893,942 3,333,712
Additions - 260,018 260,018
Disposals - (49,581 ) (49,581 )
At 31 August 2023 439,770 3,104,379 3,544,149
DEPRECIATION
At 1 September 2022 164,770 2,559,505 2,724,275
Charge for year - 162,113 162,113
Eliminated on disposal - (32,429 ) (32,429 )
At 31 August 2023 164,770 2,689,189 2,853,959
NET BOOK VALUE
At 31 August 2023 275,000 415,190 690,190
At 31 August 2022 275,000 334,437 609,437

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022
and 31 August 2023 10,169
NET BOOK VALUE
At 31 August 2023 10,169
At 31 August 2022 10,169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 275,924 406,423
Other debtors 168,476 156,671
444,400 563,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 120,483 51,535
Trade creditors 592,500 811,544
Taxation and social security 163,552 33,653
Other creditors 244,768 145,076
1,121,303 1,041,808

Deane Public Works Limited (Registered number: NI020009)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 140,689 219,777
Hire purchase contracts 72,057 97,541
212,746 317,318