4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 123,165 6,893 130,058 85,024 9,007 94,031 36,027 38,141 xbrli:pure xbrli:shares iso4217:GBP NI622174 2023-05-01 2024-04-30 NI622174 2024-04-30 NI622174 2023-04-30 NI622174 2022-05-01 2023-04-30 NI622174 2023-04-30 NI622174 2022-04-30 NI622174 core:FurnitureFittings 2023-05-01 2024-04-30 NI622174 core:FurnitureFittings 2023-04-30 NI622174 core:FurnitureFittings 2024-04-30 NI622174 core:WithinOneYear 2024-04-30 NI622174 core:WithinOneYear 2023-04-30 NI622174 core:ShareCapital 2024-04-30 NI622174 core:ShareCapital 2023-04-30 NI622174 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI622174 core:RetainedEarningsAccumulatedLosses 2023-04-30 NI622174 core:FurnitureFittings 2023-04-30 NI622174 bus:Director1 2023-05-01 2024-04-30 NI622174 bus:SmallEntities 2023-05-01 2024-04-30 NI622174 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI622174 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI622174 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI622174 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: NI622174
Dougan Property Consultants Ltd
Filleted Unaudited Financial Statements
30 April 2024
Dougan Property Consultants Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
36,027
38,141
Current assets
Debtors
6
1,715
5,757
Cash at bank and in hand
47,653
108,397
--------
---------
49,368
114,154
Creditors: amounts falling due within one year
7
50,108
61,564
--------
---------
Net current (liabilities)/assets
( 740)
52,590
--------
--------
Total assets less current liabilities
35,287
90,731
--------
--------
Net assets
35,287
90,731
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
35,286
90,730
--------
--------
Shareholders funds
35,287
90,731
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dougan Property Consultants Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 3 September 2024 , and are signed on behalf of the board by:
T Dougan Director
Company registration number: NI622174
Dougan Property Consultants Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 50 Commercial Road, Banbridge, County Down, BT32 3ES.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 4 (2023: 5 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 May 2023
123,165
123,165
Additions
6,893
6,893
---------
---------
At 30 April 2024
130,058
130,058
---------
---------
Depreciation
At 1 May 2023
85,024
85,024
Charge for the year
9,007
9,007
---------
---------
At 30 April 2024
94,031
94,031
---------
---------
Carrying amount
At 30 April 2024
36,027
36,027
---------
---------
At 30 April 2023
38,141
38,141
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
234
Other debtors
1,481
5,757
-------
-------
1,715
5,757
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
286
Social security and other taxes
2,512
10,410
Other creditors
47,596
50,868
--------
--------
50,108
61,564
--------
--------
8. Related party transactions
The company was under the control of Mr T Dougan throughout the current year. Mr T Dougan is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.