Duir Holdings Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: NI630002

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	2,307,457		2,802,545
Debtors	5	300,347		256,533
Cash at bank and in hand		423,676		149,672

		3,031,480		3,208,750
Creditors: Amounts Falling Due Within One Year	6	(2,541,845 )		(2,477,641 )

NET CURRENT ASSETS (LIABILITIES)			489,635		731,109

TOTAL ASSETS LESS CURRENT LIABILITIES			489,635		731,109

Creditors: Amounts Falling Due After More Than One Year	7		(387,915 )		(713,620 )

NET ASSETS			101,720		17,489

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			101,718		17,487

SHAREHOLDERS' FUNDS			101,720		17,489

For the year ending 31 March 2025 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 Robin Graham

Director

24/12/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Duir Holdings Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI630002 . The registered office is 11 Cadogan Park, Belfast, Antrim, BT9 6HG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The presentational currency is £ Sterling and the level of rounding is to the nearest £.

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. 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.

2.4. Financial Instruments

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.

Debtors are amounts due from customers for merchandise sold or services performed in the ordinary

course of business. 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 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

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.

...CONTINUED

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Duir Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

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: 3 (2024: 3)

4. Stocks

	2025	2024
	£	£
Work in progress	2,307,457	2,802,545

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	300,347	256,533

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	35,929	49,337
Bank loans and overdrafts	82,236	152,156
Corporation tax	3,990	-
Other taxes and social security	1,104	4,652
Other creditors	148,321	145,819
Accruals and deferred income	160,193	25,925
Directors' loan accounts	2,110,072	2,099,752

	2,541,845	2,477,641

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	387,915	713,620

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

9. Related Party Transactions

Included in other creditors is amounts due to related parties with common directors totalling £148,321 (2024: £145,819) and included in other debtors is amounts due by a related party with common directors totalling £298,504 (2023: £282,407).

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