BrightAccountsProduction v1.0.0 v1.0.0 2023-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retail of motor vehicles. 30 June 2025 0 0 NI044857 2024-11-30 NI044857 2023-11-30 NI044857 2022-11-30 NI044857 2023-12-01 2024-11-30 NI044857 2022-12-01 2023-11-30 NI044857 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI044857 uk-curr:PoundSterling 2023-12-01 2024-11-30 NI044857 uk-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI044857 uk-bus:FullAccounts 2023-12-01 2024-11-30 NI044857 uk-bus:Director1 2023-12-01 2024-11-30 NI044857 uk-bus:CompanySecretaryDirector1 2023-12-01 2024-11-30 NI044857 uk-bus:CompanySecretary1 2023-12-01 2024-11-30 NI044857 uk-bus:RegisteredOffice 2023-12-01 2024-11-30 NI044857 uk-bus:Agent1 2023-12-01 2024-11-30 NI044857 uk-core:ShareCapital 2024-11-30 NI044857 uk-core:ShareCapital 2023-11-30 NI044857 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI044857 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI044857 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 NI044857 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI044857 uk-bus:FRS102 2023-12-01 2024-11-30 NI044857 uk-core:PlantMachinery 2023-12-01 2024-11-30 NI044857 uk-core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 NI044857 uk-core:MotorVehicles 2023-12-01 2024-11-30 NI044857 uk-core:WithinOneYear 2024-11-30 NI044857 uk-core:WithinOneYear 2023-11-30 NI044857 2023-12-01 2024-11-30 NI044857 uk-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
Company Registration Number: NI044857
 
 
Drumadraghy Motors Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 November 2024



Drumadraghy Motors Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Mr Victor Crawford
Mrs Elizabeth Ann Crawford
 
 
Company Secretary Mrs Elizabeth Ann Crawford
 
 
Company Registration Number NI044857
 
 
Registered Office 6 Townhall Street
Enniskillen
Co. Fermanagh
BT74  7BA
Northern Ireland
 
 
Business Address 102 Letterboy Road
Drumadraghy
Kesh
Co Fermanagh
BT93 1NJ
Northern Ireland
 
 
Accountants Cooper Irvine Ltd
Chartered Accountants
6 Townhall St
Enniskillen
Fermanagh
BT74 7BA
Northern Ireland
 
 
Bankers Danske Bank
  Omagh Finance Centre
  5-7 Market Street
  Co Tyrone
  BT78 1BN
  Northern Ireland



Drumadraghy Motors Ltd
Company Registration Number: NI044857
STATEMENT OF FINANCIAL POSITION
as at 30 November 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 97,924 63,899
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Current Assets
Stocks 5 38,850 61,050
Cash and cash equivalents 560,948 528,367
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599,798 589,417
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Creditors: amounts falling due within one year 6 (51,034) (67,610)
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Net Current Assets 548,764 521,807
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Total Assets less Current Liabilities 646,688 585,706
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Capital and Reserves
Called up share capital 10 10
Retained earnings 646,678 585,696
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Equity attributable to owners of the company 646,688 585,706
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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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 June 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Mr Victor Crawford     Mrs Elizabeth Ann Crawford
Director     Director
           



Drumadraghy Motors Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2024

   
1. General Information
 
Drumadraghy Motors Ltd is a company limited by shares incorporated in the Northern Ireland
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Reducing Balance
  Fixtures, fittings and equipment - 10% Straight Line
  Motor vehicles - 25% Straight Line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
             
4. Property, plant and equipment
  Investment Plant and Fixtures, Motor Total
  properties machinery fittings and vehicles  
      equipment    
  £ £ £ £ £
Cost or Valuation
At 1 December 2023 60,000 7,264 3,387 1,575 72,226
Revaluation 35,000 - - - 35,000
  ───────── ───────── ───────── ───────── ─────────
At 30 November 2024 95,000 7,264 3,387 1,575 107,226
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 December 2023 - 3,369 3,387 1,571 8,327
Charge for the financial year - 974 - 1 975
  ───────── ───────── ───────── ───────── ─────────
At 30 November 2024 - 4,343 3,387 1,572 9,302
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 November 2024 95,000 2,921 - 3 97,924
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 November 2023 60,000 3,895 - 4 63,899
  ═════════ ═════════ ═════════ ═════════ ═════════
 
The directors are of the opinion that the value of the investment properties represent the market value at the year end.

The properties were last revalued in November 2013. The directors are of the opinion that no material change to their value has occured in the intervening time.
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 38,850 61,050
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Taxation 20,781 20,869
Directors' current accounts 29,065 45,553
Accruals 1,188 1,188
  ───────── ─────────
  51,034 67,610
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