D & P Commercial Repairs Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of D & P Commercial Repairs Limited for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D & P Commercial Repairs Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of D & P Commercial Repairs Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of D & P Commercial Repairs Limited and state those matters that we have agreed to state to the directors of D & P Commercial Repairs Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & P Commercial Repairs Limited and its directors as a body for our work or for this report.

It is your duty to ensure that D & P Commercial Repairs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of D & P Commercial Repairs Limited . You consider that D & P Commercial Repairs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of D & P Commercial Repairs Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

30/10/2025

MKP Accountants Ltd

Chartered Certified Accountants

42a-44a New Row

Coleraine

BT52 1AF

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D & P Commercial Repairs Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: NI610453

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		282,133		231,805

			282,133		231,805
CURRENT ASSETS
Stocks	5	11,080		9,850
Debtors	6	272,267		269,791
Cash at bank and in hand		307,304		184,767

		590,651		464,408
Creditors: Amounts Falling Due Within One Year	7	(170,280 )		(127,084 )

NET CURRENT ASSETS (LIABILITIES)			420,371		337,324

TOTAL ASSETS LESS CURRENT LIABILITIES			702,504		569,129

PROVISIONS FOR LIABILITIES
Deferred Taxation			(56,514 )		(43,063 )

NET ASSETS			645,990		526,066

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			645,988		526,064

SHAREHOLDERS' FUNDS			645,990		526,066

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D & P Commercial Repairs Limited

Balance Sheet (continued)

As At 31 December 2024

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Patrick McFadden

Director

30/10/2025

The notes on pages 4 to 7 form part of these financial statements.

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D & P Commercial Repairs Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

D & P Commercial Repairs Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI610453 . The registered office is 108b Garryduff Road,, Ballymoney,, Northern Ireland, BT53 7DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.

Freehold	Not depreciated
Plant & Machinery	20% Reducing balance
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	20% Reducing balance
Computer Equipment	20% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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D & P Commercial Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2023: 12)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	3,358	111,704	251,612	110,240
Additions	5,993	14,750	89,581	3,910

As at 31 December 2024	9,351	126,454	341,193	114,150

Depreciation
As at 1 January 2024	-	67,147	99,115	78,847
Provided during the period	-	11,860	48,415	7,057

As at 31 December 2024	-	79,007	147,530	85,904

Net Book Value
As at 31 December 2024	9,351	47,447	193,663	28,246

As at 1 January 2024	3,358	44,557	152,497	31,393

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D & P Commercial Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	-	476,914
Additions	4,283	118,517

As at 31 December 2024	4,283	595,431

Depreciation
As at 1 January 2024	-	245,109
Provided during the period	857	68,189

As at 31 December 2024	857	313,298

Net Book Value
As at 31 December 2024	3,426	282,133

As at 1 January 2024	-	231,805

5. Stocks

	2024	2023
	£	£
Finished goods	11,080	9,850

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	128,424	126,946
Prepayments and accrued income	19,428	12,500
Directors' loan accounts	30,942	33,945
Amounts owed by associates	93,473	96,400

	272,267	269,791

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	73,865	58,628
Corporation tax	38,346	24,662
Other taxes and social security	12,144	9,798
VAT	39,009	29,864
Accruals and deferred income	6,916	4,132

	170,280	127,084

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D & P Commercial Repairs Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Patrick McFadden	33,945	-	3,002	-	30,942

The above loan is unsecured, interest free and repayable on demand.

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