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Company Registration No. NI003447 (Northern Ireland)
Blakely McCartney, Limited Unaudited accounts for the year ended 31 March 2023
Blakely McCartney, Limited Unaudited accounts Contents
Page
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Blakely McCartney, Limited Company Information for the year ended 31 March 2023
Directors
Terry McCartney Mary McCartney
Secretary
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
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Blakely McCartney, Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,364,748 
2,419,071 
Current assets
Inventories
4,945 
5,023 
Debtors
24,596 
26,088 
Cash at bank and in hand
211,248 
472,262 
240,789 
503,373 
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 
Capital and reserves
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
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Blakely McCartney, Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
Taxation
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.
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Blakely McCartney, Limited Notes to the Accounts for the year ended 31 March 2023
Deferred taxation
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.
Pension costs
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.
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,214 
13,420 
Other debtors
14,382 
12,668 
24,596 
26,088 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
161,657 
130,084 
VAT
20,398 
5,354 
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 
Accruals
18,222 
31,043 
351,076 
347,375 
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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 
8
Loans to directors
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.
9
Average number of employees
During the year the average number of employees was 28 (2022: 29).
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