IRIS Accounts Production v24.1.4.33 NI020148 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0201482023-03-31NI0201482024-03-31NI0201482023-04-012024-03-31NI0201482022-03-31NI0201482022-04-012023-03-31NI0201482023-03-31NI020148ns15:NorthernIreland2023-04-012024-03-31NI020148ns14:PoundSterling2023-04-012024-03-31NI020148ns10:Director12023-04-012024-03-31NI020148ns10:Director22023-04-012024-03-31NI020148ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31NI020148ns10:SmallEntities2023-04-012024-03-31NI020148ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31NI020148ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31NI020148ns10:FullAccounts2023-04-012024-03-31NI020148ns10:OrdinaryShareClass12023-04-012024-03-31NI020148ns10:CompanySecretary12023-04-012024-03-31NI020148ns10:RegisteredOffice2023-04-012024-03-31NI020148ns5:CurrentFinancialInstruments2024-03-31NI020148ns5:CurrentFinancialInstruments2023-03-31NI020148ns5:ShareCapital2024-03-31NI020148ns5:ShareCapital2023-03-31NI020148ns5:RetainedEarningsAccumulatedLosses2024-03-31NI020148ns5:RetainedEarningsAccumulatedLosses2023-03-31NI020148ns5:FurnitureFittings2023-04-012024-03-31NI020148ns5:FurnitureFittings2023-03-31NI020148ns5:FurnitureFittings2024-03-31NI020148ns5:FurnitureFittings2023-03-31NI020148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31NI020148ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31NI020148ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: NI020148 (Northern Ireland)












Duffy Rafferty Communications (DRC) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Duffy Rafferty Communications (DRC) Ltd

Company Information
for the year ended 31 March 2024







Directors: Mr M P Rafferty
Mr L Duffy



Secretary: Mr M P Rafferty



Registered office: 18 Heron Road
Belfast
BT3 9LE



Registered number: NI020148 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Ulster Bank Limited
91-93 University Road
Belfast
BT7 1NG



Solicitors: Mills Selig
21 Arthur St
Belfast
BT1 4GA

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 - 1

Current assets
Stocks 5 466 529
Debtors 6 79,522 91,103
Cash at bank 142,262 102,891
222,250 194,523
Creditors
Amounts falling due within one year 7 (124,772 ) (95,423 )
Net current assets 97,478 99,100
Total assets less current liabilities 97,478 99,101

Capital and reserves
Called up share capital 8 15,000 15,000
Retained earnings 82,478 84,101
Shareholders' funds 97,478 99,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 30 July 2024 and were signed on its behalf by:



Mr L Duffy - Director



Mr M P Rafferty - Director


Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

Duffy Rafferty Communications (DRC) Ltd 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.
Fixtures and fittings - straight line over 3 years

Stocks
In accordance with UIFT40, work in progress is reflected in the financial statements at the expected revenue for work carried during the period that has not yet been invoiced.

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.

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 4 (2023 - 7 ) .

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2023
and 31 March 2024 105,208
Depreciation
At 1 April 2023 105,207
Charge for year 1
At 31 March 2024 105,208
Net book value
At 31 March 2024 -
At 31 March 2023 1

5. Stocks
2024 2023
£    £   
Work-in-progress 466 529

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 71,758 86,821
Other debtors 542 746
Prepayments 7,222 3,536
79,522 91,103

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 40,644 39,213
Corporation tax 30,424 20,270
Social security and other taxes 22,645 6,637
Pension commitments 247 729
VAT 11,286 8,686
Other creditors 5,139 -
Directors' current accounts 1,249 -
Accruals and deferred income - 9,405
Accrued expenses 13,138 10,483
124,772 95,423

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary £1 15,000 15,000