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REGISTERED NUMBER: 06878603 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Durkan Cahill Ltd

Durkan Cahill Ltd (Registered number: 06878603)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Durkan Cahill Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr M P Durkan





REGISTERED OFFICE: Suite G2
Montpellier House
Montpellier Drive
Cheltenham
Gloucestershire
GL50 1TY





REGISTERED NUMBER: 06878603 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Durkan Cahill Ltd (Registered number: 06878603)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,141 11,486
Investments 6 503,207 -
532,348 11,486

CURRENT ASSETS
Stocks 7 186,840 70,125
Debtors 8 134,246 101,770
Cash at bank 793,469 1,176,922
1,114,555 1,348,817
CREDITORS
Amounts falling due within one year 9 214,743 209,590
NET CURRENT ASSETS 899,812 1,139,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,432,160

1,150,713

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,432,060 1,150,613
SHAREHOLDERS' FUNDS 1,432,160 1,150,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Durkan Cahill Ltd (Registered number: 06878603)

Balance Sheet - continued
30 April 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 director and authorised for issue on 24 November 2023 and were signed by:





Mr M P Durkan - Director


Durkan Cahill Ltd (Registered number: 06878603)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Durkan Cahill Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

Durkan Cahill Ltd (Registered number: 06878603)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 200,000
AMORTISATION
At 1 May 2022
and 30 April 2023 200,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 1,595 34,506 36,101
Additions - 24,332 24,332
At 30 April 2023 1,595 58,838 60,433
DEPRECIATION
At 1 May 2022 - 24,615 24,615
Charge for year - 6,677 6,677
At 30 April 2023 - 31,292 31,292
NET BOOK VALUE
At 30 April 2023 1,595 27,546 29,141
At 30 April 2022 1,595 9,891 11,486

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 832,640
Disposals (332,640 )
Revaluations 3,207
At 30 April 2023 503,207
NET BOOK VALUE
At 30 April 2023 503,207

Durkan Cahill Ltd (Registered number: 06878603)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2023 503,207

7. STOCKS
30.4.23 30.4.22
£    £   
Work-in-progress 186,840 70,125

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 89,189 48,654
Other debtors 45,057 53,116
134,246 101,770

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors - 11,779
Taxation and social security 129,080 106,638
Other creditors 85,663 91,173
214,743 209,590

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M P Durkan.