1 January 2024 false No description of principal activity Taxfiler 2024.6 NI642510business:PrivateLimitedCompanyLtd2024-01-012024-12-31 NI6425102023-12-31 NI6425102024-01-012024-12-31 NI642510business:AuditExemptWithAccountantsReport2024-01-012024-12-31 NI642510business:FilletedAccounts2024-01-012024-12-31 NI6425102024-12-31 NI642510business:Director12024-01-012024-12-31 NI642510business:RegisteredOffice2024-01-012024-12-31 NI6425102023-12-31 NI642510core:WithinOneYear2024-12-31 NI642510core:WithinOneYear2023-12-31 NI642510core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 NI642510core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI642510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 NI642510core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI642510core:PreviouslyStatedAmount2024-12-31 NI642510core:PreviouslyStatedAmount2023-12-31 NI642510business:SmallEntities2024-01-012024-12-31 NI642510countries:NorthernIreland2024-01-012024-12-31 NI642510core:PlantMachinery2024-01-012024-12-31 NI642510core:FurnitureFittings2024-01-012024-12-31 NI642510core:PlantMachinery2023-12-31 NI642510core:FurnitureFittings2023-12-31 NI642510core:PlantMachinery2024-12-31 NI642510core:FurnitureFittings2024-12-31 NI6425102023-01-012023-12-31 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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