Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI610453 Mr Patrick McFadden Mrs Geraldine McFadden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI610453 2022-12-31 NI610453 2023-12-31 NI610453 2023-01-01 2023-12-31 NI610453 frs-core:CurrentFinancialInstruments 2023-12-31 NI610453 frs-core:FurnitureFittings 2023-12-31 NI610453 frs-core:FurnitureFittings 2023-01-01 2023-12-31 NI610453 frs-core:FurnitureFittings 2022-12-31 NI610453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI610453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI610453 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 NI610453 frs-core:MotorVehicles 2023-12-31 NI610453 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI610453 frs-core:MotorVehicles 2022-12-31 NI610453 frs-core:PlantMachinery 2023-12-31 NI610453 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI610453 frs-core:PlantMachinery 2022-12-31 NI610453 frs-core:ShareCapital 2023-12-31 NI610453 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI610453 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI610453 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI610453 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI610453 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI610453 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI610453 frs-bus:Director1 2023-01-01 2023-12-31 NI610453 frs-bus:Director1 2022-12-31 NI610453 frs-bus:Director1 2023-12-31 NI610453 frs-bus:Director2 2023-01-01 2023-12-31 NI610453 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI610453 2021-12-31 NI610453 2022-12-31 NI610453 2022-01-01 2022-12-31 NI610453 frs-core:CurrentFinancialInstruments 2022-12-31 NI610453 frs-core:ShareCapital 2022-12-31 NI610453 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI610453
D & P Commercial Repairs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
42a-44a New Row
Coleraine
BT52 1AF
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of D & P Commercial Repairs Limited For The Year Ended 31 December 2023
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at year ended 31 December 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
06/06/2024
EM Accountants
Chartered Accountants
42a-44a New Row
Coleraine
BT52 1AF
Page 1
Page 2
Balance Sheet
Registered number: NI610453
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231,805 183,244
231,805 183,244
CURRENT ASSETS
Stocks 5 9,850 9,850
Debtors 6 269,791 223,681
Cash at bank and in hand 184,767 343,864
464,408 577,395
Creditors: Amounts Falling Due Within One Year 7 (127,084 ) (221,285 )
NET CURRENT ASSETS (LIABILITIES) 337,324 356,110
TOTAL ASSETS LESS CURRENT LIABILITIES 569,129 539,354
PROVISIONS FOR LIABILITIES
Deferred Taxation (43,063 ) (28,821 )
NET ASSETS 526,066 510,533
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 526,064 510,531
SHAREHOLDERS' FUNDS 526,066 510,533
Page 2
Page 3
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Patrick McFadden
Director
06/06/2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
D & P Commercial Repairs Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI610453 . The registered office is 43 Kilmandil Road, Dunloy, Ballymena, BT44 9BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.
Freehold Not depreciated
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
12 12
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 3,358 97,204 202,862 104,687 408,111
Additions - 14,500 91,000 5,553 111,053
Disposals - - (42,250 ) - (42,250 )
As at 31 December 2023 3,358 111,704 251,612 110,240 476,914
Depreciation
As at 1 January 2023 - 58,424 94,636 71,807 224,867
Provided during the period - 8,723 22,729 7,040 38,492
Disposals - - (18,250 ) - (18,250 )
As at 31 December 2023 - 67,147 99,115 78,847 245,109
...CONTINUED
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Page 6
Net Book Value
As at 31 December 2023 3,358 44,557 152,497 31,393 231,805
As at 1 January 2023 3,358 38,780 108,226 32,880 183,244
5. Stocks
2023 2022
£ £
Finished goods 9,850 9,850
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 126,946 122,897
Prepayments and accrued income 12,500 8,347
Other debtors - 20,000
Directors' loan accounts 33,945 62,437
Amounts owed by associates 96,400 10,000
269,791 223,681
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 58,628 153,160
Corporation tax 24,662 24,012
Other taxes and social security 9,798 7,898
VAT 29,864 31,926
Accruals and deferred income 4,132 4,289
127,084 221,285
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Patrick McFadden 62,437 31,507 60,000 - 33,945
The above loan is unsecured, interest free and repayable on demand.
Page 7