Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30337022Don Holdings (NI) Limited2023-10-01falseElectrical Contracting21truetruefalse NI037623 2023-10-01 2024-09-30 NI037623 2022-10-01 2023-09-30 NI037623 2024-09-30 NI037623 2023-09-30 NI037623 c:Director1 2023-10-01 2024-09-30 NI037623 d:Buildings d:LongLeaseholdAssets 2023-10-01 2024-09-30 NI037623 d:Buildings d:LongLeaseholdAssets 2024-09-30 NI037623 d:Buildings d:LongLeaseholdAssets 2023-09-30 NI037623 d:PlantMachinery 2023-10-01 2024-09-30 NI037623 d:PlantMachinery 2024-09-30 NI037623 d:PlantMachinery 2023-09-30 NI037623 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI037623 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 NI037623 d:MotorVehicles 2023-10-01 2024-09-30 NI037623 d:MotorVehicles 2024-09-30 NI037623 d:MotorVehicles 2023-09-30 NI037623 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI037623 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 NI037623 d:FurnitureFittings 2023-10-01 2024-09-30 NI037623 d:FurnitureFittings 2024-09-30 NI037623 d:FurnitureFittings 2023-09-30 NI037623 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI037623 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 NI037623 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI037623 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 NI037623 d:CurrentFinancialInstruments 2024-09-30 NI037623 d:CurrentFinancialInstruments 2023-09-30 NI037623 d:Non-currentFinancialInstruments 2024-09-30 NI037623 d:Non-currentFinancialInstruments 2023-09-30 NI037623 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 NI037623 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI037623 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 NI037623 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 NI037623 d:ShareCapital 2024-09-30 NI037623 d:ShareCapital 2023-09-30 NI037623 d:RetainedEarningsAccumulatedLosses 2024-09-30 NI037623 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI037623 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI037623 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 NI037623 c:FRS102 2023-10-01 2024-09-30 NI037623 c:Audited 2023-10-01 2024-09-30 NI037623 c:FullAccounts 2023-10-01 2024-09-30 NI037623 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI037623 d:Subsidiary1 2023-10-01 2024-09-30 NI037623 d:Subsidiary1 1 2023-10-01 2024-09-30 NI037623 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 NI037623 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 NI037623 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 NI037623 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 NI037623 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI037623 2 2023-10-01 2024-09-30 NI037623 6 2023-10-01 2024-09-30 NI037623 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 NI037623 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 NI037623 d:LeasedAssetsHeldAsLessee 2024-09-30 NI037623 d:LeasedAssetsHeldAsLessee 2023-09-30 NI037623 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: NI037623










M DONNELLY ELECTRICAL LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
M DONNELLY ELECTRICAL LTD
REGISTERED NUMBER:NI037623

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
850,131
1,077,736

Investments
 5 
2
2

  
850,133
1,077,738

Current assets
  

Stocks
  
-
3,572

Debtors: amounts falling due within one year
 6 
9,112,872
5,507,806

Cash at bank and in hand
 7 
2,355,325
2,338,402

  
11,468,197
7,849,780

Creditors: amounts falling due within one year
 8 
(11,589,536)
(8,021,447)

Net current liabilities
  
 
 
(121,339)
 
 
(171,667)

Total assets less current liabilities
  
728,794
906,071

Creditors: amounts falling due after more than one year
 9 
(157,724)
(318,688)

Provisions for liabilities
  

Deferred tax
 11 
(147,078)
(199,968)

  
 
 
(147,078)
 
 
(199,968)

Net assets
  
423,992
387,415


Capital and reserves
  

Called up share capital 
  
103
103

Profit and loss account
  
423,889
387,312

  
423,992
387,415


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




Malachy Donnelly
Director

Page 1

 
M DONNELLY ELECTRICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

M Donnelly Electrical Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office is 12 Killycurragh Road, Omagh, Co. Tyrone, Northern Ireland, BT79 0JD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
M DONNELLY ELECTRICAL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
M DONNELLY ELECTRICAL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Development costs

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

 
2.12

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
Straight line
Plant and machinery
-
20%
Straight line
Motor vehicles
-
20%
Straight line
Fixtures and fittings
-
20%
Straight line & 33.3% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
M DONNELLY ELECTRICAL LTD
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.14

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.15

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.16

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.17

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.18

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 22).

Page 5

 
M DONNELLY ELECTRICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
4,790
94,362
1,771,734
107,670
1,978,556


Additions
28,947
15,055
128,008
3,388
175,398


Disposals
-
-
(153,108)
-
(153,108)



At 30 September 2024

33,737
109,417
1,746,634
111,058
2,000,846



Depreciation


At 1 October 2023
2,395
32,480
771,620
94,325
900,820


Charge for the year on owned assets
3,370
16,561
19,600
5,583
45,114


Charge for the year on financed assets
-
-
310,240
-
310,240


Disposals
-
-
(105,459)
-
(105,459)



At 30 September 2024

5,765
49,041
996,001
99,908
1,150,715



Net book value



At 30 September 2024
27,972
60,376
750,633
11,150
850,131



At 30 September 2023
2,395
61,882
1,000,114
13,345
1,077,736

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
687,751
901,713

687,751
901,713

Page 6

 
M DONNELLY ELECTRICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
2



At 30 September 2024
2





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

MD Electrical Installations Limited
Republic of Ireland
Ordinary
100%


6.


Debtors

2024
2023
£
£


Trade debtors
118,692
105,970

Amounts owed by group undertakings
6,789,565
4,771,112

Amounts owed by related undertakings
565,217
413,431

Other debtors
84,265
101,839

Prepayments and accrued income
54,034
17,204

Amounts recoverable on long-term contracts
1,501,099
98,250

9,112,872
5,507,806


Amounts due from group and related undertakings are unsecured, interest-free and repayable on demand.
Included in amounts recoverable on long term contracts is £1,341,989 (2023: £nil) due from related undertakings and £95,678 (2023: £nil) due from group undertakings. 

Page 7

 
M DONNELLY ELECTRICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,355,325
2,338,402

2,355,325
2,338,402



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
49,607
89,283

Amounts owed to group undertakings
11,177,896
7,458,901

Other taxation and social security
13,620
15,983

Obligations under finance lease and hire purchase contracts
238,305
329,221

Other creditors
7,728
3,239

Accruals and deferred income
102,380
124,820

11,589,536
8,021,447


Amounts due to group and related undertakings are unsecured, interest-free and repayable on demand.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
157,724
318,688

157,724
318,688



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
238,305
329,221

Between 1-5 years
157,724
318,688

396,029
647,909

Page 8

 
M DONNELLY ELECTRICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
(199,968)


Charged to profit or loss
52,890



At end of year
(147,078)

The deferred tax balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(147,078)
(199,968)

(147,078)
(199,968)

Comprising:

Liability
(147,078)
(199,968)

(147,078)
(199,968)



12.


Controlling party

The ultimate parent undertaking of the company is Don Holdings (NI) Limited, a company registered in Northern Ireland. 
The smallest and largest undertaking of which the company is a member, and for which group financial statements are prepared is Don Holdings (NI) Limited, a company incorporated in Northern Ireland. Group financial statements for this company are prepared and are available to the public from the company's registered office.
Mr Malachy Donnelly and Mrs Siobhan Donnelly are considered to be the ultimate controlling parties due to their shareholding in the ultimate parent undertaking. 


13.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 25 March 2025 by Teresa Campbell (Senior statutory auditor) on behalf of AAB Group Accountants Limited.


Page 9