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REGISTERED NUMBER: NI020148 (Northern Ireland)












Duffy Rafferty Communications (DRC) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025






Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


Duffy Rafferty Communications (DRC) Ltd

Company Information
for the year ended 31 March 2025







Directors: Mr M P Rafferty
Mr L Duffy



Registered office: 18 Heron Road
Belfast
BT3 9LE



Registered number: NI020148 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Ulster Bank Limited
91-93 University Road
Belfast
BT7 1NG



Solicitors: Mills Selig
21 Arthur St
Belfast
BT1 4GA

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
Fixed assets
Tangible assets 4 2,366 -

Current assets
Stocks 5 749 466
Debtors 6 73,649 79,522
Cash at bank 153,797 142,262
228,195 222,250
Creditors
Amounts falling due within one year 7 (112,101 ) (124,772 )
Net current assets 116,094 97,478
Total assets less current liabilities 118,460 97,478

Capital and reserves
Called up share capital 8 15,000 15,000
Retained earnings 103,460 82,478
Shareholders' funds 118,460 97,478

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

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

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 2 July 2025 and were signed on its behalf by:



Mr L Duffy - Director



Mr M P Rafferty - Director


Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements
for the year ended 31 March 2025

1. Statutory information

Duffy Rafferty Communications (DRC) Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - straight line over 3 years

Stocks
In accordance with UIFT40, work in progress is reflected in the financial statements at the expected revenue for work carried during the period that has not yet been invoiced.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 4 ) .

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2024 105,208
Additions 3,549
At 31 March 2025 108,757
Depreciation
At 1 April 2024 105,208
Charge for year 1,183
At 31 March 2025 106,391
Net book value
At 31 March 2025 2,366
At 31 March 2024 -

5. Stocks
2025 2024
£    £   
Work-in-progress 749 466

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 63,726 71,758
Other debtors 373 542
Prepayments 9,550 7,222
73,649 79,522

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 33,152 40,644
Corporation tax 37,719 30,424
Social security and other taxes 13,827 22,645
Pension commitments 461 247
VAT 11,812 11,286
Other creditors - 5,139
Directors' current accounts 4,762 1,249
Accrued expenses 10,368 13,138
112,101 124,772

Duffy Rafferty Communications (DRC) Ltd (Registered number: NI020148)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
15,000 Ordinary £1 15,000 15,000