2023-08-01 NI036636 2024-07-31 NI036636 2023-08-01 2024-07-31 NI036636 2023-07-31 NI036636 2022-08-01 2023-07-31 NI036636 uk-core:WithinOneYear 2023-07-31 NI036636 uk-core:WithinOneYear 2024-07-31 NI036636 uk-core:AfterOneYear 2023-07-31 NI036636 uk-core:AfterOneYear 2024-07-31 NI036636 uk-core:ShareCapital 2024-07-31 NI036636 uk-core:ShareCapital 2023-07-31 NI036636 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI036636 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI036636 uk-bus:Director1 2023-08-01 2024-07-31 NI036636 uk-bus:Director2 2023-08-01 2024-07-31 NI036636 uk-core:PlantMachinery 2023-08-01 2024-07-31 NI036636 uk-core:CommercialMotorVehicles 2023-08-01 2024-07-31 NI036636 uk-core:FurnitureFittings 2023-08-01 2024-07-31 NI036636 uk-core:FurnitureFittings 2023-07-31 NI036636 uk-core:CommercialMotorVehicles 2023-07-31 NI036636 uk-core:PlantMachinery 2023-07-31 NI036636 uk-core:PlantMachinery 2024-07-31 NI036636 uk-core:CommercialMotorVehicles 2024-07-31 NI036636 uk-core:FurnitureFittings 2024-07-31 NI036636 uk-core:WithinOneYear 2024-07-31 NI036636 uk-core:WithinOneYear 2023-07-31 NI036636 uk-core:AfterOneYear uk-core:Secured 2024-07-31 NI036636 uk-core:AfterOneYear uk-core:Secured 2023-07-31 NI036636 3 uk-bus:Director3 2023-08-01 2024-07-31 NI036636 3 uk-bus:Director3 2024-07-31 NI036636 3 uk-bus:Director3 2023-07-31 NI036636 5 uk-bus:Director1 2023-08-01 2024-07-31 NI036636 5 uk-bus:Director1 2024-07-31 NI036636 5 uk-bus:Director1 2023-07-31 NI036636 6 uk-bus:Director2 2023-08-01 2024-07-31 NI036636 6 uk-bus:Director2 2024-07-31 NI036636 6 uk-bus:Director2 2023-07-31 iso4217:GBP xbrli:pure NI036636 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 NI036636 uk-bus:FRS102 2023-08-01 2024-07-31 NI036636 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 NI036636 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Douglas Hughes Developments Limited
Registered Number:NI036636
For the year ended 31 July 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 July 2024
Douglas Hughes Developments Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI036636
As at 31 July 2024
Douglas Hughes Developments Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
28,193
36,657
2
3
882,029
747,178
Investment property
910,222
783,835
Current assets
Inventories
357,573
224,492
4
Trade and other receivables
29,921
5,737
5
211,131
Cash and cash equivalents
320,259
550,488
598,625
Trade and other payables: amounts falling due within one
year
(179,485)
(180,747)
6
419,140
369,741
Net current assets
Total assets less current liabilities
1,279,963
1,202,975
Trade and other payables: amounts falling due after more
than one year
(178,359)
(200,000)
7
(6,670)
(6,614)
Provisions for liabilities
1,073,293
Net assets
1,018,002
Capital and reserves
Called up share capital
116,222
116,222
Retained earnings
957,071
901,780
1,073,293
1,018,002
Shareholders' funds
For the year ended 31 July 2024 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI036636
For the year ended 31 July 2024
Douglas Hughes Developments Limited
Statement of Financial Position Continued
Mr Douglas Hughes Director
Mrs Lynda Hughes Director
These financial statements were approved and authorised for issue by the Board on 14 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Douglas Hughes Developments Limited
Notes to the Financial Statements
Statutory Information
Douglas Hughes Developments Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI036636.
Registered address:
86 Mowhan Road
Markethill
Armagh
BT60 1RQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
15% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 July 2024
Douglas Hughes Developments Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 August 2023
492,644
29,762
96,009
366,873
At 31 July 2024
366,873
96,009
29,762
492,644
Provision for depreciation and impairment
At 01 August 2023
455,987
29,354
89,414
337,219
Charge for year
8,464
61
989
7,414
At 31 July 2024
464,451
29,415
90,403
344,633
At 31 July 2024
Net book value
22,240
5,606
347
28,193
At 31 July 2023
29,654
6,595
408
36,657
3. Investment property
Total
£
Fair value
At 01 August 2023
747,178
Additions
134,851
At 31 July 2024
882,029
Net book value
At 31 July 2024
882,029
At 31 July 2023
747,178
4. Inventories
2023
2024
£
£
Stocks
224,492
357,573
5. Trade and other receivables
2023
2024
£
£
Trade debtors
4,625
12,165
Other debtors
1,112
17,756
29,921
5,737
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7
For the year ended 31 July 2024
Douglas Hughes Developments Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
3,553
11,889
Trade creditors
86,434
75,937
Taxation and social security
38,208
40,342
Other creditors
52,552
51,317
180,747
179,485
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
18,359
Other creditors
200,000
160,000
200,000
178,359
8. Directors advances and guarantees
At 01/08/2023
Loaned
Repaid
At 31/07/2024
£
£
£
£
Mr Gareth Hughes
Directors Current Account
31,416
24,150
7,266
-
31,416
24,150
7,266
-
Mr Douglas Hughes
Directors Current Account
98,476
83,351
19,535
4,410
98,476
83,351
19,535
4,410
Mrs Lynda Hughes
Directors Current Account
98,476
83,352
19,535
4,411
98,476
83,352
19,535
4,411
9. Average number of persons employed
During the year the average number of employees was 4 (2023 : 5)
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