IRIS Accounts Production v24.2.0.383 NI604830 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6048302022-11-30NI6048302023-11-30NI6048302022-12-012023-11-30NI6048302021-11-30NI6048302021-12-012022-11-30NI6048302022-11-30NI604830ns15:NorthernIreland2022-12-012023-11-30NI604830ns14:PoundSterling2022-12-012023-11-30NI604830ns10:Director12022-12-012023-11-30NI604830ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30NI604830ns10:SmallEntities2022-12-012023-11-30NI604830ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30NI604830ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30NI604830ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30NI604830ns10:AbridgedAccounts2022-12-012023-11-30NI60483012022-12-012023-11-30NI604830ns10:Director22022-12-012023-11-30NI604830ns10:RegisteredOffice2022-12-012023-11-30NI604830ns5:CurrentFinancialInstruments2023-11-30NI604830ns5:CurrentFinancialInstruments2022-11-30NI604830ns5:ShareCapital2023-11-30NI604830ns5:ShareCapital2022-11-30NI604830ns5:RetainedEarningsAccumulatedLosses2023-11-30NI604830ns5:RetainedEarningsAccumulatedLosses2022-11-30NI604830ns5:NetGoodwill2022-12-012023-11-30NI604830ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-30NI604830ns5:PlantMachinery2022-12-012023-11-30NI604830ns5:FurnitureFittings2022-12-012023-11-30
REGISTERED NUMBER: NI604830 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

David Reaney & Associates Limited

David Reaney & Associates Limited (Registered number: NI604830)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


David Reaney & Associates Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs H A D Reaney
D Reaney





REGISTERED OFFICE: 28 Dungannon Street
Moy
Co. Tyrone
BT71 7SH





REGISTERED NUMBER: NI604830 (Northern Ireland)





ACCOUNTANTS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG

David Reaney & Associates Limited (Registered number: NI604830)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 68,542 48,167
Tangible assets 5 898,127 910,824
966,669 958,991

CURRENT ASSETS
Stocks 49,732 47,574
Debtors 82,711 98,244
Investments 430,791 -
Prepayments and accrued income 8,011 10,459
Cash at bank and in hand 108,144 501,179
679,389 657,456
CREDITORS
Amounts falling due within one year 182,972 156,675
NET CURRENT ASSETS 496,417 500,781
TOTAL ASSETS LESS CURRENT LIABILITIES 1,463,086 1,459,772

PROVISIONS FOR LIABILITIES 40,740 43,155
NET ASSETS 1,422,346 1,416,617

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,422,336 1,416,607
1,422,346 1,416,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

David Reaney & Associates Limited (Registered number: NI604830)

Abridged Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





D Reaney - Director


David Reaney & Associates Limited (Registered number: NI604830)

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

1. STATUTORY INFORMATION

David Reaney & Associates Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 21 (2022 - 20 ) .

David Reaney & Associates Limited (Registered number: NI604830)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 490,000
Additions 31,500
At 30 November 2023 521,500
AMORTISATION
At 1 December 2022 441,833
Amortisation for year 11,125
At 30 November 2023 452,958
NET BOOK VALUE

At 30 November 2023 68,542
At 30 November 2022 48,167

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 1,272,188
Additions 28,482
At 30 November 2023 1,300,670
DEPRECIATION
At 1 December 2022 361,364
Charge for year 41,179
At 30 November 2023 402,543
NET BOOK VALUE
At 30 November 2023 898,127
At 30 November 2022 910,824

6. ULTIMATE CONTROLLING PARTY

Nexus Holdco Limited has control of the company by way of a 100% shareholding.