Registered number
NI054538
S Darcy Construction Ltd
Report and Financial Statements for year ended
31 March 2024
S Darcy Construction Ltd
Company Information
Directors
Shane Darcy
Mary Darcy
Secretary
Shane Darcy
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Registered office
48 Drumconnelly Road
Omagh
Co Tyrone
BT78 1RT
Registered number
NI054538
S Darcy Construction Ltd
Registered number: NI054538
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,520 278
Current assets
Debtors 4 6,577 6,438
Cash at bank and in hand 5,392 5,134
11,969 11,572
Creditors: amounts falling due within one year 5 (18,470) (17,773)
Net current liabilities (6,501) (6,201)
Total assets less current liabilities (4,981) (5,923)
Provisions for liabilities 6 (3,061) (3,240)
Net liabilities (8,042) (9,163)
Capital and reserves
Called up, issued and fully paid share capital 2 2
Profit and loss account (8,044) (9,165)
Shareholders' funds 8 (8,042) (9,163)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 8 form an integral part of the accounts.
Shane Darcy
Director
Approved by the board on 5 September 2024
S Darcy Construction Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 30,758
Additions 1,750
At 31 March 2024 32,508
Depreciation
At 1 April 2023 30,480
Charge for the year 508
At 31 March 2024 30,988
Net book value
At 31 March 2024 1,520
At 31 March 2023 278
4 Debtors 2024 2023
£ £
Trade debtors 6,577 6,438
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 203 186
Taxes and social security costs 3,019 2,867
Other creditors 15,248 14,720
18,470 17,773
6 Provision for liabilities
Deferred Taxation
£
At 1 April 2023 3,240
Charged to the profit and loss (179)
At 31 March 2024 3,061
The provision for deferred taxation is made up as follows:
2024 2023
£ £
Accelerated capital allowances 179 (82)
179 (82)
7 Directors' advances, credits and guarantees
During the year the director advanced £1,980 and the company repaid £1,428 leaving a balance owed to the directors at the year end of £11,673.

The balances are interest free and repayable on demand.
8 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
9 Other information
S Darcy Construction Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
48 Drumconnelly Road
Omagh
Co Tyrone
BT78 1RT
S Darcy Construction Ltd NI054538 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 No description of principal activity NI054538 2022-04-01 2023-03-31 NI054538 core:WithinOneYear 2023-03-31 NI054538 core:ShareCapital 2023-03-31 NI054538 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI054538 2023-04-01 2024-03-31 NI054538 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI054538 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI054538 bus:Director1 2023-04-01 2024-03-31 NI054538 bus:Director2 2023-04-01 2024-03-31 NI054538 bus:CompanySecretary1 2023-04-01 2024-03-31 NI054538 1 2023-04-01 2024-03-31 NI054538 2 2023-04-01 2024-03-31 NI054538 core:PlantMachinery 2023-04-01 2024-03-31 NI054538 countries:England 2023-04-01 2024-03-31 NI054538 bus:FRS102 2023-04-01 2024-03-31 NI054538 bus:FilletedAccounts 2023-04-01 2024-03-31 NI054538 2024-03-31 NI054538 core:WithinOneYear 2024-03-31 NI054538 core:ShareCapital 2024-03-31 NI054538 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI054538 core:PlantMachinery 2024-03-31 NI054538 2023-03-31 NI054538 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure