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REGISTERED NUMBER: NI633417 (Northern Ireland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

TREVOR CATHERS LTD

TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREVOR CATHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr A Cathers



REGISTERED OFFICE: 60 Curr Road
Beragh
OMAGH
Co. Tyrone
BT79 0QW



REGISTERED NUMBER: NI633417 (Northern Ireland)



ACCOUNTANTS: R Cathers & Co
Chartered Accountants & Registered Auditors
107 Main Street
FINTONA
Co. Tyrone
BT78 2AH



BANKERS: Ulster Bank
14 High Street
OMAGH
Co. Tyrone
BT78 1BJ

TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 270,808 338,659
270,808 338,659

CURRENT ASSETS
Debtors 6 172,967 153,447
Cash at bank 224,656 139,223
397,623 292,670
CREDITORS
Amounts falling due within one year 7 102,441 62,624
NET CURRENT ASSETS 295,182 230,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,990

568,705

CREDITORS
Amounts falling due after more than one
year

8

(302,923

)

(335,240

)

PROVISIONS FOR LIABILITIES (47,258 ) (59,228 )
NET ASSETS 215,809 174,237

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 213,809 172,237
SHAREHOLDERS' FUNDS 215,809 174,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

BALANCE SHEET - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2023 and were signed by:





Mr A Cathers - Director


TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Trevor Cathers Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 80,000
AMORTISATION
At 1 January 2022
and 31 December 2022 80,000
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 681,502
DEPRECIATION
At 1 January 2022 342,843
Charge for year 67,851
At 31 December 2022 410,694
NET BOOK VALUE
At 31 December 2022 270,808
At 31 December 2021 338,659

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2022 91,500
Transfer to ownership (91,500 )
At 31 December 2022 -
DEPRECIATION
At 1 January 2022 36,855
Transfer to ownership (36,855 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 54,645

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 172,967 153,447

TREVOR CATHERS LTD (REGISTERED NUMBER: NI633417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 10,000
Trade creditors 63,106 37,657
Taxation and social security 37,585 13,217
Other creditors 1,750 1,750
102,441 62,624

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 34,777 44,414
Other creditors 268,146 290,826
302,923 335,240

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan account 268,146 290,826

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£    £   
Mr A Cathers
Balance outstanding at start of year 290,826 314,347
Amounts repaid (22,680 ) (23,521 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 268,146 290,826