Registration number: 07222086

R Duffy & Daughters Ltd

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Financial Statements	4 to 7

R Duffy & Daughters Ltd

Company Information

Directors

Mrs J Duffy Mr R Duffy

Registered office

130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

R Duffy & Daughters Ltd

Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	94,531	112,133
Current assets
Debtors	5	334,155	727,450
Cash at bank and in hand		1,119,818	1,267,545
		1,453,973	1,994,995
Creditors: Amounts falling due within one year	6	(181,102)	(117,076)
Net current assets		1,272,871	1,877,919
Total assets less current liabilities		1,367,402	1,990,052
Creditors: Amounts falling due after more than one year	6	(53,597)	(60,047)
Provisions for liabilities		(13,652)	(9,242)
Net assets		1,300,153	1,920,763
Capital and reserves
Called up share capital		2	2
Retained earnings		1,300,151	1,920,761
Shareholders' funds		1,300,153	1,920,763

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

R Duffy & Daughters Ltd

Statement of Financial Position as at 30 April 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of R Duffy & Daughters Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

.........................................

Mr R Duffy

Director

Company registration number: 07222086

R Duffy & Daughters Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of plastering and rubbish removal

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Going concern

The company had net assets at the balance sheet date of £1,300,153 including cash at bank of £1,119,818 at that date. During the year the company made post-tax profits.

The company’s most recent management accounts indicate that the company remains profitable and the directors expect that this trend will continue and that the company will continue to have sufficient working capital.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company and specific criteria have been meet for each of the company's activities.

R Duffy & Daughters Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Finance leases and hire purchase

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Statement of Financial Position as a finance lease obligation.

Lease payments are apportioned between finance costs in the Income Statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.

The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.

R Duffy & Daughters Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

3	Staff numbers

The average number of persons employed by the company during the year, was 3 (2024 - 2).

4	Tangible assets

	Computer Equipment £	Motor Vehicles  £	Plant & Machinery £	Total £
Cost or valuation
At 1 May 2024	2,008	183,221	12,521	197,750
Additions	-	28,999	4,715	33,714
Disposals	-	(47,882)	-	(47,882)
At 30 April 2025	2,008	164,338	17,236	183,582
Depreciation
At 1 May 2024	1,268	72,508	11,841	85,617
Charge for the year	185	21,634	1,348	23,167
Eliminated on disposal	-	(19,733)	-	(19,733)
At 30 April 2025	1,453	74,409	13,189	89,051
Carrying amount
At 30 April 2025	555	89,929	4,047	94,531
At 30 April 2024	740	110,713	680	112,133

5

Debtors

	2025 £	2024 £
Trade debtors	48,979	66,279
Other debtors	285,176	661,171
	334,155	727,450

R Duffy & Daughters Ltd

Notes to the Financial Statements for the Year Ended 30 April 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Hire purchase and finance leases	5,352	7,415
Trade creditors	6,132	27,115
Taxation and social security	65,405	71,077
Other creditors	104,213	11,469
	181,102	117,076

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £5,352 (2024 - £7,415).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	53,597	60,047

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £53,597 (2024 - £60,047).