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REGISTERED NUMBER: NI000840 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

DOMINICK HEALY & SONS LIMITED

DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOMINICK HEALY & SONS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr S Healy



SECRETARY: Mr S Healy



REGISTERED OFFICE: 252-254 Falls Road
Belfast
Co. Antrim
BT12 6AL



REGISTERED NUMBER: NI000840 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS



BANKERS: AIB
University Road
Belfast
BT7 1ND

DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Balance Sheet
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,404 213,144
Investments 5 98,796 98,796
291,200 311,940

CURRENT ASSETS
Stocks 2,694 2,891
Debtors 6 110,673 67,368
Cash at bank and in hand 191,535 248,699
304,902 318,958
CREDITORS
Amounts falling due within one year 7 204,553 206,320
NET CURRENT ASSETS 100,349 112,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,549

424,578

CREDITORS
Amounts falling due after more than one
year

8

(117,646

)

(152,629

)

PROVISIONS FOR LIABILITIES (28,918 ) (31,565 )
NET ASSETS 244,985 240,384

DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Balance Sheet - continued
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Revaluation reserve 9 13,796 13,796
Capital redemption reserve 700 700
Retained earnings 230,189 225,588
SHAREHOLDERS' FUNDS 244,985 240,384

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

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





Mr S Healy - Director


DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Dominick Healy & Sons 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.

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, 15% on reducing balance and 10% 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.

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.

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.

DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 302,130 670,605 972,735
Additions - 1,860 1,860
At 31 July 2024 302,130 672,465 974,595
DEPRECIATION
At 1 August 2023 302,130 457,461 759,591
Charge for year - 22,600 22,600
At 31 July 2024 302,130 480,061 782,191
NET BOOK VALUE
At 31 July 2024 - 192,404 192,404
At 31 July 2023 - 213,144 213,144

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 98,796
NET BOOK VALUE
At 31 July 2024 98,796
At 31 July 2023 98,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 106,921 64,481
Other debtors 3,752 2,887
110,673 67,368

DOMINICK HEALY & SONS LIMITED (REGISTERED NUMBER: NI000840)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 52,205 52,205
Trade creditors 62,114 57,030
Amounts owed to group undertakings 1,238 -
Taxation and social security 6,107 11,632
Other creditors 82,889 85,453
204,553 206,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 117,646 152,629

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 13,796