Company registration number: 05882832
Unaudited financial statements
for the year ended 31 March 2025
for
D Gormley Developments Limited
Pages for filing with the Registrar
Company registration number: 05882832
D Gormley Developments Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,134 4,444
Investment property 6 - 129,987
3,134 134,431
Current assets
Stocks 815 725
Debtors 8,389 10,644
Cash at bank and in hand 196,636 48,475
205,840 59,844
Creditors: amounts falling due within one
year 		(160,923) (153,993)
Net current assets/(liabilities) 44,917 (94,149)
Total assets less current liabilities 48,051 40,282
Provisions for liabilities (595) (844)
NET ASSETS 47,456 39,438
Capital and reserves
Called up share capital 1 1
Profit and loss account 47,455 39,437
TOTAL EQUITY 47,456 39,438
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05882832
D Gormley Developments Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Gormley, Director
31 August 2025
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D Gormley Developments Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
D Gormley Developments Limited is a private company registered in England and Wales. Its registered number is 05882832. The company is limited by shares. Its registered office is 27a Main Street, Cayton, Scarborough, YO11 3RS.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% straight line
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line
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D Gormley Developments Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
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D Gormley Developments Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets
Goodwill
£
Cost
At 1 April 2024 17,500
At 31 March 2025 17,500
Amortisation
At 1 April 2024 17,500
At 31 March 2025 17,500
Net book value
At 31 March 2025 -
At 31 March 2024 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 65,684
At 31 March 2025 65,684
Depreciation
At 1 April 2024 61,240
Charge for year 1,310
At 31 March 2025 62,550
Net book value
At 31 March 2025 3,134
At 31 March 2024 4,444
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D Gormley Developments Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Investment property
£
Valuation
At 1 April 2024 129,987
Disposals (129,987)
At 31 March 2025 -
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
Balance outstanding at start of year (141,921) (12,351)
Amounts advanced - 1,417
Amounts repaid (5,255) (130,987)
Balance outstanding at end of year (147,176) (141,921)
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