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REGISTERED NUMBER: NI029533 (Northern Ireland)













DEVINE SAND & GRAVEL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DEVINE SAND & GRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Gerard Devine
William John Devine



SECRETARY: Gerard Devine



REGISTERED OFFICE: 65 Moorlough Road
Artigarvan
STRABANE
Co. Tyrone
BT82 0ER



REGISTERED NUMBER: NI029533 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Ulster Bank Limited
14 High Street
OMAGH
Co. Tyrone
BT78 1BJ



SOLICITORS: John Fahy & Co
8 Bowling Green
STRABANE
Co. Tyrone
BT82 8BW

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DEVINE SAND & GRAVEL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


28 May 2025

DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 20,521 26,314

CURRENT ASSETS
Stocks 375 400
Debtors 4 33,431 42,971
Cash at bank 56,906 153,119
90,712 196,490
CREDITORS
Amounts falling due within one year 5 31,990 69,148
NET CURRENT ASSETS 58,722 127,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,243

153,656

CREDITORS
Amounts falling due after more than one
year

6

(140,910

)

(151,256

)

PROVISIONS FOR LIABILITIES - (4,445 )
NET LIABILITIES (61,667 ) (2,045 )

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (62,067 ) (2,445 )
SHAREHOLDERS' FUNDS (61,667 ) (2,045 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:




Gerard Devine - Director



William John Devine - Director


DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. 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.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 10% straight line
Plant & machinery - 10% straight line
Motor vehicles - 20% straight line

Stock
Stock is 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.

DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

1. 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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

3. TANGIBLE FIXED ASSETS
Plant & Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 151,422 644,557 15,000 810,979
Disposals - (10,000 ) - (10,000 )
At 31 December 2024 151,422 634,557 15,000 800,979
DEPRECIATION
At 1 January 2024 151,422 618,243 15,000 784,665
Charge for year - 5,793 - 5,793
Eliminated on disposal - (10,000 ) - (10,000 )
At 31 December 2024 151,422 614,036 15,000 780,458
NET BOOK VALUE
At 31 December 2024 - 20,521 - 20,521
At 31 December 2023 - 26,314 - 26,314

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,431 42,971

DEVINE SAND & GRAVEL LIMITED (REGISTERED NUMBER: NI029533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 211 -
Trade creditors 19,361 13,784
Taxation and social security 8,468 16,720
Other creditors 3,950 38,644
31,990 69,148

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 140,910 151,256

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 70,455 76,416
Other creditors 70,455 74,840
140,910 151,256

7. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the financial policies of the company.