Company Registration No. 08636633 (England and Wales)
Duffy-Brogan Consultancy Limited
Unaudited accounts
for the year ended 31 December 2021
Duffy-Brogan Consultancy Limited
Unaudited accounts
Contents
Duffy-Brogan Consultancy Limited
Company Information
for the year ended 31 December 2021
Directors
Mr G P Duffy-Brogan
Mrs M Duffy-Brogan
Company Number
08636633 (England and Wales)
Registered Office
Nannerch Mill
Pen Y Felin
Nannerch
Flintshire
CH7 5RW
Accountants
My Tax Point
12 Nicholas Street
Chester
Cheshire
CH1 2NX
Duffy-Brogan Consultancy Limited
Statement of financial position
as at
31 December 2021
Tangible assets
395,377
365,814
Cash at bank and in hand
18,049
72,697
Creditors: amounts falling due within one year
(273,281)
(305,821)
Net current liabilities
(219,059)
(226,496)
Total assets less current liabilities
176,318
139,318
Creditors: amounts falling due after more than one year
(34,167)
(45,833)
Provisions for liabilities
Deferred tax
(1,438)
(1,609)
Net assets
140,713
91,876
Called up share capital
3
3
Profit and loss account
140,710
91,873
Shareholders' funds
140,713
91,876
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2022 and were signed on its behalf by
Mrs M Duffy-Brogan
Director
Company Registration No. 08636633
Duffy-Brogan Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2021
Duffy-Brogan Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 08636633. The registered office is Nannerch Mill, Pen Y Felin, Nannerch, Flintshire, CH7 5RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Duffy-Brogan Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2021
357,347
10,833
4,777
400
373,357
Additions
30,462
-
1,235
333
32,030
At 31 December 2021
387,809
10,833
6,012
733
405,387
At 1 January 2021
-
4,115
3,295
133
7,543
Charge for the year
-
1,680
543
244
2,467
At 31 December 2021
-
5,795
3,838
377
10,010
At 31 December 2021
387,809
5,038
2,174
356
395,377
At 31 December 2020
357,347
6,718
1,482
267
365,814
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
35
Other debtors
7,193
6,593
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
4,167
Trade creditors
6,060
3,912
Taxes and social security
29,461
44,409
Loans from directors
227,734
253,333
7
Creditors: amounts falling due after more than one year
2021
2020
The UK Government has provided the lender with a 100% Guarantee in relation to the £50,000 loan the company ascertained via the Bounce Back Loan Scheme. The benefit receivable by the company itself, from this guarantee, is that the loan may bear a lower interest rate than it otherwise might, on the basis of the guarantee provided.
8
Transactions with related parties
The directors loaned to the company a total of £44,140 and were repaid a total of £69,739 in the period. The balance owing to the directors' at 31.12.2021 is £227,734 and is repayable on demand.
Duffy-Brogan Consultancy Limited
Notes to the Accounts
for the year ended 31 December 2021
9
Average number of employees
During the year the average number of employees was 1 (2020: 0).