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REGISTERED NUMBER: SC121198 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Dom Buckley I.R.S. Limited

Dom Buckley I.R.S. Limited (Registered number: SC121198)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dom Buckley I.R.S. Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: N Buckley





SECRETARY: Mrs E J Buckley





REGISTERED OFFICE: Hassington Garage
Eccles
Kelso
TD5 7QU





REGISTERED NUMBER: SC121198 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Dom Buckley I.R.S. Limited (Registered number: SC121198)

Balance Sheet
31 January 2025

31/1/25 31/1/24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 217,823 190,435
217,823 190,435

CURRENT ASSETS
Inventories 138,326 169,953
Debtors 6 64,345 12,451
Cash at bank and in hand 11,617 11,617
214,288 194,021
CREDITORS
Amounts falling due within one year 7 353,202 340,107
NET CURRENT LIABILITIES (138,914 ) (146,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,909

44,349

CREDITORS
Amounts falling due after more than one
year

8

46,441

46,686
NET ASSETS/(LIABILITIES) 32,468 (2,337 )

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 9 20,000 -
Retained earnings 7,468 (7,337 )
32,468 (2,337 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Dom Buckley I.R.S. Limited (Registered number: SC121198)

Balance Sheet - continued
31 January 2025


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 30 April 2025 and were signed by:





N Buckley - Director


Dom Buckley I.R.S. Limited (Registered number: SC121198)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Dom Buckley I.R.S. Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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.

Dom Buckley I.R.S. Limited (Registered number: SC121198)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 100,000
AMORTISATION
At 1 February 2024
and 31 January 2025 100,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2024 145,000 16,244 61,671 222,915
Additions - - 24,995 24,995
Revaluations 20,000 - - 20,000
At 31 January 2025 165,000 16,244 86,666 267,910
DEPRECIATION
At 1 February 2024 - 6,982 25,498 32,480
Charge for year - 2,315 15,292 17,607
At 31 January 2025 - 9,297 40,790 50,087
NET BOOK VALUE
At 31 January 2025 165,000 6,947 45,876 217,823
At 31 January 2024 145,000 9,262 36,173 190,435

Dom Buckley I.R.S. Limited (Registered number: SC121198)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 31 January 2025 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2024 20,000 - - 20,000
Cost 145,000 16,244 86,666 247,910
165,000 16,244 86,666 267,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 49,881 2,539
Directors' loan accounts - 2,152
VAT 14,464 -
Prepayments - 7,760
64,345 12,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Bank loans and overdrafts 87,241 80,462
Hire purchase contracts 9,417 6,330
Trade creditors 59,636 33,868
Social security and other taxes 1,161 1,603
VAT - 4,774
Other creditors 8,460 12,749
Directors' loan accounts 182,837 196,071
Accrued expenses 4,450 4,250
353,202 340,107

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/25 31/1/24
£    £   
Bank loans - 1-2 years 8,167 13,500
Bank loans - 2-5 years 7,083 15,250
Hire purchase contracts 31,191 17,936
46,441 46,686

Dom Buckley I.R.S. Limited (Registered number: SC121198)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. RESERVES
Revaluation
reserve
£   
Revaluation reserve 20,000

At 31 January 2025 20,000