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REGISTERED NUMBER: 05406315 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Chris Duffy and Associates Limited

Chris Duffy and Associates Limited (Registered number: 05406315)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chris Duffy and Associates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr C Engley-Duffy





SECRETARY: Mrs M Engley-Duffy





REGISTERED OFFICE: c/o The PI Partnership
Bath Brewery
Toll Bridge Road
Bath
BANES
BA1 7DE





REGISTERED NUMBER: 05406315 (England and Wales)





ACCOUNTANTS: The P I Partnership
Chartered Certified Accountants
Suite 2
Bath Brewery
Tollbridge Road
Bath
BANES
BA1 7DE

Chris Duffy and Associates Limited (Registered number: 05406315)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,824 3,462

CURRENT ASSETS
Debtors 5 1,917,224 1,573,002
Cash at bank 7,832 53,968
1,925,056 1,626,970
CREDITORS
Amounts falling due within one year 6 (1,128,520 ) (984,422 )
NET CURRENT ASSETS 796,536 642,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,360

646,010

CREDITORS
Amounts falling due after more than one
year

7

(10,833

)

(25,334

)

PROVISIONS FOR LIABILITIES (956 ) (866 )
NET ASSETS 788,571 619,810

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 787,571 618,810
SHAREHOLDERS' FUNDS 788,571 619,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Chris Duffy and Associates Limited (Registered number: 05406315)

Balance Sheet - continued
30 April 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 director and authorised for issue on 29 January 2025 and were signed by:





Mr C Engley-Duffy - Director


Chris Duffy and Associates Limited (Registered number: 05406315)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chris Duffy and Associates Limited is a private company, limited by shares , registered in England and Wales. 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 for services provided, excluding value added tax. Turnover is the value of work performed during the year with respect to ongoing services to customers.

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 - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

Chris Duffy and Associates Limited (Registered number: 05406315)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 114,664
Additions 2,750
At 30 April 2024 117,414
DEPRECIATION
At 1 May 2023 111,202
Charge for year 2,388
At 30 April 2024 113,590
NET BOOK VALUE
At 30 April 2024 3,824
At 30 April 2023 3,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 274,596 233,739
Other debtors 1,642,628 1,339,263
1,917,224 1,573,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

The director has a personal guarantee to secure the loan and bank overdraft.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 24,102
Hire purchase contracts - 1,232
10,833 25,334

Chris Duffy and Associates Limited (Registered number: 05406315)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr C Engley-Duffy
Balance outstanding at start of year 1,025,363 762,989
Amounts advanced 238,080 285,718
Amounts repaid (12,435 ) (23,344 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,251,008 1,025,363