DIARMUID GAVIN DESIGNS LIMITED

Company Registration Number:
04966302 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

DIARMUID GAVIN DESIGNS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

DIARMUID GAVIN DESIGNS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,365 1,657
Total fixed assets: 1,365 1,657
Current assets
Debtors:   314,840 291,545
Cash at bank and in hand: 511 181
Total current assets: 315,351 291,726
Creditors: amounts falling due within one year: 4 (76,382) (82,549)
Net current assets (liabilities): 238,969 209,177
Total assets less current liabilities: 240,334 210,834
Total net assets (liabilities): 240,334 210,834
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 240,332 210,832
Shareholders funds: 240,334 210,834

The notes form part of these financial statements

DIARMUID GAVIN DESIGNS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: Diarmuid Gavin
Status: Director

The notes form part of these financial statements

DIARMUID GAVIN DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings - 15% Straight Line

DIARMUID GAVIN DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

DIARMUID GAVIN DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 39,411
At 31 December 2024 39,411
Depreciation
At 01 January 2024 37,754
Charge for year 292
At 31 December 2024 38,046
Net book value
At 31 December 2024 1,365
At 31 December 2023 1,657

DIARMUID GAVIN DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Corporation Tax - £69,930 VAT - £2,861 Other Creditors - £221 Accruals - £3,370

DIARMUID GAVIN DESIGNS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Loans to directors

Name of director receiving advance or credit: Diarmuid Gavin
Description of the loan: Loan to director
£
Balance at 01 January 2024 172,991
Advances or credits made: 17,543
Balance at 31 December 2024 190,534