Duct & Scientific Services Limited NI040992 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the manufacture, installation and maintenance of air containment equipment. Digita Accounts Production Advanced 6.30.9574.0 true true NI040992 2023-07-01 2024-06-30 NI040992 2024-06-30 NI040992 bus:OrdinaryShareClass1 2024-06-30 NI040992 core:CurrentFinancialInstruments 2024-06-30 NI040992 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI040992 core:FurnitureFittingsToolsEquipment 2024-06-30 NI040992 bus:SmallEntities 2023-07-01 2024-06-30 NI040992 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI040992 bus:AbridgedAccounts 2023-07-01 2024-06-30 NI040992 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI040992 bus:RegisteredOffice 2023-07-01 2024-06-30 NI040992 bus:CompanySecretary1 2023-07-01 2024-06-30 NI040992 bus:Director1 2023-07-01 2024-06-30 NI040992 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI040992 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI040992 bus:Agent1 2023-07-01 2024-06-30 NI040992 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 NI040992 core:MotorVehicles 2023-07-01 2024-06-30 NI040992 core:PlantMachinery 2023-07-01 2024-06-30 NI040992 countries:NorthernIreland 2023-07-01 2024-06-30 NI040992 2023-06-30 NI040992 core:FurnitureFittingsToolsEquipment 2023-06-30 NI040992 2022-07-01 2023-06-30 NI040992 2023-06-30 NI040992 bus:OrdinaryShareClass1 2023-06-30 NI040992 core:CurrentFinancialInstruments 2023-06-30 NI040992 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 NI040992 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI040992

Duct & Scientific Services Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

Duct & Scientific Services Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 9

 

Duct & Scientific Services Limited

Company Information

Director

Mr M Ryan

Company secretary

Mr K Cully

Registered office

Unit 4
Lisburn Enterprise Centre
Ballinderry Road
Lisburn
Co. Antrim
BT28 2BT

Solicitors

Stewarts Solicitors
3 Regent Street
Newtownards
Co. Down
BT23 4AH

Accountants

Roberts & Co
Chartered Accountants
Suite 721
Lisburn Enterprise Centre
6 Enterprise Crescent
LISBURN
Co. Antrim
BT28 2BP

 

Duct & Scientific Services Limited

Director's Report for the Year Ended 30 June 2024

The director presents his report and the abridged financial statements for the year ended 30 June 2024.

Director of the company

The director who held office during the year was as follows:

Mr M Ryan

Principal activity

The principal activity of the company is the manufacture, installation and maintenance of air containment equipment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 25 October 2024 and signed on its behalf by:

Mr K Cully
Company secretary

   
     
 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Duct & Scientific Services Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Duct & Scientific Services Limited for the year ended 30 June 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the Board of Directors of Duct & Scientific Services Limited, as a body, in accordance with the terms of our engagement letter dated 14 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Duct & Scientific Services Limited and state those matters that we have agreed to state to the Board of Directors of Duct & Scientific Services Limited, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland, as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Duct & Scientific Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Duct & Scientific Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Duct & Scientific Services Limited. You consider that Duct & Scientific Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Duct & Scientific Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.




Roberts & Co
Chartered Accountants
Suite 721
Lisburn Enterprise Centre
6 Enterprise Crescent
LISBURN
Co. Antrim
BT28 2BP

25 October 2024

 

Duct & Scientific Services Limited

(Registration number: NI040992)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,016

6,719

Current assets

 

Stocks

5

129,851

129,483

Debtors

6

207,367

204,653

Cash at bank and in hand

 

115,244

197,248

 

452,462

531,384

Creditors: Amounts falling due within one year

(182,813)

(265,861)

Net current assets

 

269,649

265,523

Net assets

 

274,665

272,242

Capital and reserves

 

Called up share capital

7

567

567

Retained earnings

274,098

271,675

Shareholders' funds

 

274,665

272,242

 

Duct & Scientific Services Limited

(Registration number: NI040992)
Abridged Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006. Furthermore, they have consented to not presenting an abridged profit and loss account in accordance with Section 444 (2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 October 2024
 

Mr M Ryan
Director

   
     
 

Duct & Scientific Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
Unit 4
Lisburn Enterprise Centre
Ballinderry Road
Lisburn
Co. Antrim
BT28 2BT

These financial statements were authorised for issue by the director on 25 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Duct & Scientific Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Duct & Scientific Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2023 - 14).

 

Duct & Scientific Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

74,869

74,869

At 30 June 2024

74,869

74,869

Depreciation

At 1 July 2023

68,150

68,150

Charge for the year

1,703

1,703

At 30 June 2024

69,853

69,853

Carrying amount

At 30 June 2024

5,016

5,016

At 30 June 2023

6,719

6,719

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

129,851

129,483

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

567

567

567

567