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REGISTERED NUMBER: NI648924 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

31st December 2023

for

DA MARTIN LTD

DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Contents of the Financial Statements
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DA MARTIN LTD

Company Information
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S McQuaid
G McCann





SECRETARY:





REGISTERED OFFICE: 25-27 Church Street
Antrim
BT41 4BE





REGISTERED NUMBER: NI648924 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Balance Sheet
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,197 32,747
Tangible assets 5 18,988 24,010
45,185 56,757

CURRENT ASSETS
Debtors 6 510,140 396,776
Cash at bank and in hand 1,316,933 1,289,921
1,827,073 1,686,697
CREDITORS
Amounts falling due within one year 7 1,469,320 1,445,872
NET CURRENT ASSETS 357,753 240,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,938

297,582

CREDITORS
Amounts falling due after more than one
year

8

(15,930

)

(25,771

)

PROVISIONS FOR LIABILITIES (5,022 ) (4,562 )
NET ASSETS 381,986 267,249

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 381,866 267,129
381,986 267,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Balance Sheet - continued
31ST DECEMBER 2023


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 30th September 2024 and were signed on its behalf by:





G McCann - Director


DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Da Martin 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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 etc - 20% on reducing balance

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.

DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 65,494
AMORTISATION
At 1st January 2023 32,747
Charge for year 6,550
At 31st December 2023 39,297
NET BOOK VALUE
At 31st December 2023 26,197
At 31st December 2022 32,747

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 40,475
DEPRECIATION
At 1st January 2023 16,465
Charge for year 5,022
At 31st December 2023 21,487
NET BOOK VALUE
At 31st December 2023 18,988
At 31st December 2022 24,010

DA MARTIN LTD (REGISTERED NUMBER: NI648924)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 467,234 348,266
Other debtors 42,906 48,510
510,140 396,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,307 10,648
Client ledger balances 1,224,398 1,216,834
Taxation and social security 110,857 102,178
Other creditors 108,758 116,212
1,469,320 1,445,872

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,930 25,771