Registration number: 02764289

V.J. Donegan & Co Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

V.J. Donegan & Co Limited

Company Information

Directors

Mr C Birchall Mrs A Donegan Mr C Donegan Mr M Law Mr P Rosney Mr V Donegan Mr VJ Donegan Mr Patrick Donegan

Company secretary

Mrs MB Ennis

Registered office

Europa Way Cheadle Heath Cheadle Stockport Cheshire SK3 0WT

Accountants

The Moffatts Partnership LLP Suite 1.1, First Floor Jackson House Sibson Road Sale M33 7RR

V.J. Donegan & Co Limited

(Registration number: 02764289)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,176,547	1,407,653
Current assets
Stocks	5	35,676	34,609
Debtors	6	1,817,796	1,410,294
Cash at bank and in hand		5,477,383	2,344,040
		7,330,855	3,788,943
Creditors: Amounts falling due within one year	7	(2,614,599)	(1,298,087)
Net current assets		4,716,256	2,490,856
Total assets less current liabilities		6,892,803	3,898,509
Creditors: Amounts falling due after more than one year	7	(347,673)	(274,884)
Provisions for liabilities		(514,287)	(318,358)
Net assets		6,030,843	3,305,267
Capital and reserves
Called up share capital	8	100	100
Retained earnings		6,030,743	3,305,167
Shareholders' funds		6,030,843	3,305,267

V.J. Donegan & Co Limited

(Registration number: 02764289)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

......................................... Mr Patrick Donegan Director

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
Europa Way
Cheadle Heath
Cheadle
Stockport
Cheshire
SK3 0WT
England

These financial statements were authorised for issue by the Board on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and with Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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 entity;
and specific criteria have been met for each of the company's activities.

Government grants

The company recognises government grants under the accrual model as grants are related to revenue expenditure. Therefore, grant income is recognised on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Other grants

The company recognises government training grants under the performance model. The grants do not impose specified future performance-related conditions and are therefore recognised in income when the grants proceeds are received.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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 balance sheet 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 charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

The company recognises in accruals a provision for holiday pay accrued by employees as a result of services rendered in the current period and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Leases

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 balance sheet as a finance lease obligation.

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in
the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 45 (2024 - 41).

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	2,526,273	552,355	3,078,628
Additions	655,419	410,091	1,065,510
Disposals	-	(84,546)	(84,546)
At 31 May 2025	3,181,692	877,900	4,059,592
Depreciation
At 1 June 2024	1,410,496	260,479	1,670,975
Charge for the year	184,269	98,561	282,830
Eliminated on disposal	-	(70,760)	(70,760)
At 31 May 2025	1,594,765	288,280	1,883,045
Carrying amount
At 31 May 2025	1,586,927	589,620	2,176,547
At 31 May 2024	1,115,777	291,876	1,407,653

5

Stocks

	2025 £	2024 £
Other inventories	35,676	34,609

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,222,468	1,057,369
Amounts owed by related parties		95,834	74,301
Prepayments		104,431	58,121
Other debtors		395,063	220,503
		1,817,796	1,410,294

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	227,211	177,171
Trade creditors		1,384,035	830,860
Taxation and social security		818,648	138,146
Accruals and deferred income		133,698	101,199
Other creditors		51,007	50,711
		2,614,599	1,298,087

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	347,673	274,884

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

V.J. Donegan & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	347,673	274,884

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	227,211	177,171

10	Parent and ultimate parent undertaking

The company's immediate parent is V.J. Donegan & Co (Plant) Limited, incorporated in England and Wales.

  These financial statements are available upon request from Companies House