IRIS Accounts Production v24.3.0.553 02247548 director 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022475482023-05-31022475482024-05-31022475482023-06-012024-05-31022475482022-05-31022475482022-06-012023-05-31022475482023-05-3102247548ns15:EnglandWales2023-06-012024-05-3102247548ns14:PoundSterling2023-06-012024-05-3102247548ns10:Director12023-06-012024-05-3102247548ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102247548ns10:SmallEntities2023-06-012024-05-3102247548ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3102247548ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102247548ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102247548ns10:FullAccounts2023-06-012024-05-3102247548ns10:OrdinaryShareClass12023-06-012024-05-3102247548ns5:CurrentFinancialInstruments2024-05-3102247548ns5:CurrentFinancialInstruments2023-05-3102247548ns5:ShareCapital2024-05-3102247548ns5:ShareCapital2023-05-3102247548ns5:FurtherSpecificReserve2ComponentTotalEquity2024-05-3102247548ns5:FurtherSpecificReserve2ComponentTotalEquity2023-05-3102247548ns5:RetainedEarningsAccumulatedLosses2024-05-3102247548ns5:RetainedEarningsAccumulatedLosses2023-05-3102247548ns10:RegisteredOffice2023-06-012024-05-3102247548ns5:PlantMachinery2023-05-3102247548ns5:PlantMachinery2023-06-012024-05-3102247548ns5:PlantMachinery2024-05-3102247548ns5:PlantMachinery2023-05-3102247548ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3102247548ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3102247548ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 02247548 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DUNPHY & HAYES LIMITED

DUNPHY & HAYES LIMITED (REGISTERED NUMBER: 02247548)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


DUNPHY & HAYES LIMITED (REGISTERED NUMBER: 02247548)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,466 9,959
Investment property 5 1,250,000 1,250,000
1,258,466 1,259,959

CURRENT ASSETS
Debtors 6 3,184 14,097
Cash at bank 629,307 574,611
632,491 588,708
CREDITORS
Amounts falling due within one year 7 28,600 20,279
NET CURRENT ASSETS 603,891 568,429
TOTAL ASSETS LESS CURRENT LIABILITIES 1,862,357 1,828,388

PROVISIONS FOR LIABILITIES 279,879 280,252
NET ASSETS 1,582,478 1,548,136

CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves 890,995 890,995
Retained earnings 691,383 657,041
SHAREHOLDERS' FUNDS 1,582,478 1,548,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2024 and were signed by:





M Hayes - Director


DUNPHY & HAYES LIMITED (REGISTERED NUMBER: 02247548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Dunphy & Hayes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02247548

Registered office: River Glen
Dunally Park
SHEPPERTON
Middlesex
TW17 8LJ

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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Unbilled turnover on individual contracts is included as accrued income within other debtors.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant & Machinery - 15% reducing balance

The freehold property held by the company has been designated as investment property in the current year.

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Statement of Comprehensive Income in the period in which it arises. Such gains or losses are transferred from retained earnings to a non-distributable reserve.

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.

DUNPHY & HAYES LIMITED (REGISTERED NUMBER: 02247548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 83,365
DEPRECIATION
At 1 June 2023 73,406
Charge for year 1,493
At 31 May 2024 74,899
NET BOOK VALUE
At 31 May 2024 8,466
At 31 May 2023 9,959

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,250,000
NET BOOK VALUE
At 31 May 2024 1,250,000
At 31 May 2023 1,250,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 1,250,000

The investment properties were valued on an open market basis at the balance sheet date by Mr M Hayes, the director.

The historical cost of the investment properties, was £81,243.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174 11,255
Other debtors 3,010 2,842
3,184 14,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,290 7,506
Other creditors 17,310 12,773
28,600 20,279

DUNPHY & HAYES LIMITED (REGISTERED NUMBER: 02247548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100