Company Registration No. NI642510 (Northern Ireland)
Damian Martin Electrical Limited
Unaudited accounts
for the year ended 31 December 2023
Damian Martin Electrical Limited
Unaudited accounts
Contents
Damian Martin Electrical Limited
Company Information
for the year ended 31 December 2023
Company Number
NI642510 (Northern Ireland)
Registered Office
207 Crom Road
Newtownbutler
Enniskillen
Co Fermanagh
BT92 8BA
Northern Ireland
Accountants
EMC Accountancy
21 Railway Street
Belcoo
Fermanagh
BT93 5FJ
Damian Martin Electrical Limited
Statement of financial position
as at 31 December 2023
Tangible assets
14,201
11,332
Cash at bank and in hand
131,728
149,305
Creditors: amounts falling due within one year
(38,116)
(50,242)
Net current assets
121,365
108,927
Net assets
135,566
120,259
Called up share capital
1
1
Profit and loss account
135,565
120,258
Shareholders' funds
135,566
120,259
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2024 and were signed on its behalf by
Mr Damian Martin
Director
Company Registration No. NI642510
Damian Martin Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
Damian Martin Electrical Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI642510. The registered office is 207 Crom Road, Newtownbutler, Enniskillen, Co Fermanagh, BT92 8BA, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
15,500
1,750
17,250
At 31 December 2023
21,900
1,750
23,650
At 1 January 2023
4,828
1,090
5,918
Charge for the year
3,414
117
3,531
At 31 December 2023
8,242
1,207
9,449
At 31 December 2023
13,658
543
14,201
At 31 December 2022
10,672
660
11,332
Amounts falling due within one year
Damian Martin Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
19,859
38,697
Taxes and social security
3,977
-
Loans from directors
9,666
8,808
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).