DORAN & SONS LIMITED - Filleted accounts

Registered number

03048402

DORAN & SONS LIMITED

Unaudited Filleted Accounts

31 December 2024

DORAN & SONS LIMITED
Registered number:		03048402
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		73,775			3,759

Current assets
Debtors	4	225,310			31,886
Cash at bank and in hand		32,950			142,074
		258,260			173,960

Creditors: amounts falling due within one year	5	(204,103)			(84,783)

Net current assets			54,157			89,177

Total assets less current liabilities			127,932			92,936


Provisions for liabilities			(7,800)			(950)


Net assets			120,132			91,986

Capital and reserves
Called up share capital			100			100
Profit and loss account			120,032			91,886

Shareholders' funds			120,132			91,986

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




T M Doran
Director
Approved by the board on 28 August 2025

DORAN & SONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			15% - 33% straight line
	Motor vehicles			20% straight line

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					11		11


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 January 2024			13,767		-		13,767
	Additions			6,299		77,995		84,294
	At 31 December 2024			20,066		77,995		98,061

	Depreciation
	At 1 January 2024			10,008		-		10,008
	Charge for the year			1,979		12,299		14,278
	At 31 December 2024			11,987		12,299		24,286

	Net book value
	At 31 December 2024			8,079		65,696		73,775
	At 31 December 2023			3,759		-		3,759


4	Debtors					2024		2023
£							£

	Trade debtors					181,165		15,454
	Other debtors					44,145		16,432
						225,310		31,886


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					105,348		2,339
	Taxation and social security costs					91,809		74,988
	Other creditors					6,946		7,456
						204,103		84,783


6	Loans to/(from) directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	T M Doran
	Loan with no repayment terms, interest has been charged on the loan at the HMRC official rate of interest.	-		43,940		-		43,940

	E Doran
	Loan with no repayment terms, interest has been charged on the loan at the HMRC official rate of interest.	16,377				(16,377)		-

		16,377		43,940		(16,377)		43,940


7	Controlling party

	The company is controlled by T M Doran who owns 96% of the issued shares.


8	Other information

	DORAN & SONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Hermitage Park
	Harts Farm Way
	Havant
	Hampshire
	PO9 1FA