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REGISTERED NUMBER: NI603557 (Northern Ireland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAC APPLIANCES LIMITED

DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAC APPLIANCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs B McEldowney
Miss C McEldowney



REGISTERED OFFICE: 17 Dublin Road
OMAGH
Co. Tyrone
BT78 1ES



REGISTERED NUMBER: NI603557 (Northern Ireland)



ACCOUNTANTS: R Cathers & Co
Chartered Accountants & Registered Auditors
107 Main Street
FINTONA
Co. Tyrone
BT78 2AH



BANKERS: Danske Bank
5-7 Market Street
OMAGH
Co. Tyrone
BT78 1BN



SOLICITORS: McConnell & Fyffe
The Old Rectory
21 Church Street
OMAGH
Co Tyrone
BT78 1DG

DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,983 27,478
Investments 6 1,390 1,390
23,373 28,868

CURRENT ASSETS
Stocks 226,680 213,337
Debtors 7 9,960 201,694
Cash at bank and in hand 148,592 699,425
385,232 1,114,456
CREDITORS
Amounts falling due within one year 8 376,512 1,115,421
NET CURRENT ASSETS/(LIABILITIES) 8,720 (965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,093

27,903

CREDITORS
Amounts falling due after more than one
year

9

427

64
NET ASSETS 31,666 27,839

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 31,466 27,639
SHAREHOLDERS' FUNDS 31,666 27,839

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)

BALANCE SHEET - continued
31 MARCH 2024


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 2 July 2024 and were signed on its behalf by:





Miss C McEldowney - Director


DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)

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

1. STATUTORY INFORMATION

DAC Appliances Limited 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 2012, 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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 (2023 - 12 ) .

DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 85,282
DEPRECIATION
At 1 April 2023 57,804
Charge for year 5,495
At 31 March 2024 63,299
NET BOOK VALUE
At 31 March 2024 21,983
At 31 March 2023 27,478

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,390
NET BOOK VALUE
At 31 March 2024 1,390
At 31 March 2023 1,390

DAC APPLIANCES LIMITED (REGISTERED NUMBER: NI603557)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,960 68,152
Other debtors - 133,542
9,960 201,694

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 108,214 534,908
Taxation and social security 7,576 6,331
Other creditors 260,722 574,182
376,512 1,115,421

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 427 64

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 427 64