1 January 2024 false No description of principal activity Taxfiler 2024.6 NI642510 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI642510 2023-12-31 NI642510 2024-01-01 2024-12-31 NI642510 business:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI642510 business:FilletedAccounts 2024-01-01 2024-12-31 NI642510 2024-12-31 NI642510 business:Director1 2024-01-01 2024-12-31 NI642510 business:RegisteredOffice 2024-01-01 2024-12-31 NI642510 2023-12-31 NI642510 core:WithinOneYear 2024-12-31 NI642510 core:WithinOneYear 2023-12-31 NI642510 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 NI642510 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 NI642510 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 NI642510 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 NI642510 core:PreviouslyStatedAmount 2024-12-31 NI642510 core:PreviouslyStatedAmount 2023-12-31 NI642510 business:SmallEntities 2024-01-01 2024-12-31 NI642510 countries:NorthernIreland 2024-01-01 2024-12-31 NI642510 core:PlantMachinery 2024-01-01 2024-12-31 NI642510 core:FurnitureFittings 2024-01-01 2024-12-31 NI642510 core:PlantMachinery 2023-12-31 NI642510 core:FurnitureFittings 2023-12-31 NI642510 core:PlantMachinery 2024-12-31 NI642510 core:FurnitureFittings 2024-12-31 NI642510 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. NI642510 (Northern Ireland)
Damian Martin Electrical Limited Unaudited accounts for the year ended 31 December 2024
Damian Martin Electrical Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Damian Martin Electrical Limited Company Information for the year ended 31 December 2024
Director
Mr Damian Martin
Company Number
NI642510 (Northern Ireland)
Registered Office
207 Crom Road Newtownbutler Enniskillen Co Fermanagh BT92 8BA Northern Ireland
Accountants
EMC Accountancy 21 Railway Street Belcoo Fermanagh BT93 5FJ
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Damian Martin Electrical Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
34,987
14,201
Current assets
Inventories
-
20,000
Debtors
5
4,395
7,753
Cash at bank and in hand
166,764
131,728
171,159
159,481
Creditors: amounts falling due within one year
6
(45,839)
(38,116)
Net current assets
125,320
121,365
Net assets
160,307
135,566
Capital and reserves
Called up share capital
1
1
Profit and loss account
160,306
135,565
Shareholders' funds
160,307
135,566
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2025 and were signed on its behalf by
Mr Damian Martin Director Company Registration No. NI642510
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Damian Martin Electrical Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Damian Martin Electrical Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI642510. The registered office is 207 Crom Road, Newtownbutler, Enniskillen, Co Fermanagh, BT92 8BA, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
21,900
1,750
23,650
Additions
29,500
-
29,500
At 31 December 2024
51,400
1,750
53,150
Depreciation
At 1 January 2024
8,242
1,207
9,449
Charge for the year
8,632
82
8,714
At 31 December 2024
16,874
1,289
18,163
Net book value
At 31 December 2024
34,526
461
34,987
At 31 December 2023
13,658
543
14,201
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
4,395
7,753
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Damian Martin Electrical Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
6,039
2,614
Trade creditors
16,362
19,859
Taxes and social security
1,703
3,977
Loans from directors
19,735
9,666
Accruals
2,000
2,000
45,839
38,116
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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