Company Registration No. NI003447 (Northern Ireland)
Blakely McCartney, Limited
Unaudited accounts
for the year ended 31 March 2023
Blakely McCartney, Limited
Unaudited accounts
Contents
Blakely McCartney, Limited
Company Information
for the year ended 31 March 2023
Directors
Terry McCartney
Mary McCartney
Company Number
NI003447 (Northern Ireland)
Registered Office
Belmore Court Motel
Tempo Road
Enniskillen
Co. Fermanagh
BT74 6HX
United Kingdom
Accountants
CF Accounting
22 Carrowkeel Road
Lisbellaw
Enniskillen
Co. Fermanagh
BT94 5BP
Blakely McCartney, Limited
Statement of financial position
as at 31 March 2023
Tangible assets
2,364,748
2,419,071
Cash at bank and in hand
211,248
472,262
Creditors: amounts falling due within one year
(351,076)
(347,375)
Net current (liabilities)/assets
(110,287)
155,998
Total assets less current liabilities
2,254,461
2,575,069
Creditors: amounts falling due after more than one year
(748,567)
(1,261,520)
Net assets
1,505,894
1,313,549
Called up share capital
30,000
30,000
Profit and loss account
1,475,894
1,283,549
Shareholders' funds
1,505,894
1,313,549
For the year ending 31 March 2023 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 10 October 2023 and were signed on its behalf by
Terry McCartney
Director
Company Registration No. NI003447
Blakely McCartney, Limited
Notes to the Accounts
for the year ended 31 March 2023
Blakely McCartney, Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI003447. The registered office is Belmore Court Motel, Tempo Road, Enniskillen, Co. Fermanagh, BT74 6HX, United Kingdom.
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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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
Land & buildings
2% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Inventories have been valued at the lower of cost and net realisable value. Full provision is made for slowing moving and obsolete products.
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.
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
Blakely McCartney, Limited
Notes to the Accounts
for the year ended 31 March 2023
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. The assets of the scheme are held separately from those of the company in an independently administered fund.
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Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
3,218,227
58,000
733,425
4,009,652
Additions
8,880
-
34,416
43,296
At 31 March 2023
3,227,107
58,000
767,841
4,052,948
At 1 April 2022
896,717
14,500
679,364
1,590,581
Charge for the year
58,128
10,875
28,616
97,619
At 31 March 2023
954,845
25,375
707,980
1,688,200
At 31 March 2023
2,272,262
32,625
59,861
2,364,748
At 31 March 2022
2,321,510
43,500
54,061
2,419,071
Amounts falling due within one year
Trade debtors
10,214
13,420
Other debtors
14,382
12,668
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
161,657
130,084
Trade creditors
28,610
59,096
Taxes and social security
21,141
24,201
Proposed dividends
5,000
-
Other creditors
71,547
79,018
Loans from directors
24,501
18,579
Blakely McCartney, Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
748,567
1,261,520
At the year end, a balance of £24,501 (2022 - £18,579) was due to the directors in respect of monies advanced to the company.
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Average number of employees
During the year the average number of employees was 28 (2022: 29).