Registration number: NI627406

Paul Devlin Mechanical Services Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Paul Devlin Mechanical Services Ltd

Company Information

Directors

Mrs Rosemary Devlin Mr Paul Devlin

Registered office

50A Main Street Newcastle Co Down BT33 0AD

Paul Devlin Mechanical Services Ltd

(Registration number: NI627406)
Balance Sheet as at 31 March 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	58,145	64,661
Current assets
Debtors	5	155,762	235,338
Cash at bank and in hand		130,909	335,680
		286,671	571,018
Creditors: Amounts falling due within one year		(54,758)	(47,678)
Net current assets		231,913	523,340
Total assets less current liabilities		290,058	588,001
Creditors: Amounts falling due after more than one year		-	(5,632)
Net assets		290,058	582,369
Capital and reserves
Called up share capital	7	100	100
Retained earnings		289,958	582,269
Shareholders' funds		290,058	582,369

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Paul Devlin Mechanical Services Ltd

(Registration number: NI627406)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... Mr Paul Devlin Director

Paul Devlin Mechanical Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
50A Main Street
Newcastle
Co Down
BT33 0AD

These financial statements were authorised for issue by the Board on 4 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Paul Devlin Mechanical Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on cost
Plant and machinery	20% on cost
Fixtures and fittings	20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Paul Devlin Mechanical Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

Paul Devlin Mechanical Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2023	25,128	60,537	119,975	205,640
Additions	6,039	13,720	9,525	29,284
At 31 March 2025	31,167	74,257	129,500	234,924
Depreciation
At 1 November 2023	23,995	53,518	63,466	140,979
Charge for the period	1,360	9,302	25,138	35,800
At 31 March 2025	25,355	62,820	88,604	176,779
Carrying amount
At 31 March 2025	5,812	11,437	40,896	58,145
At 31 October 2023	1,133	7,019	56,509	64,661

5

Debtors

	2025 £	2023 £
Trade debtors	26,358	38,867
Other debtors	129,404	196,471
	155,762	235,338

Paul Devlin Mechanical Services Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 March 2025

6

Creditors

	Note	2025 £	2023 £
Due within one year
Bank loans and overdrafts		3,758	4,497
Trade creditors		7,168	-
Taxation and social security		15,876	9,209
Other creditors		27,956	33,972
		54,758	47,678
Due after one year
Loans and borrowings		-	5,632