2022-04-012023-03-312023-03-31falseNI045970Newry Computer Centre Limited2023-10-1195110iso4217:GBPxbrli:pureNI0459702022-04-01NI0459702023-03-31NI0459702022-04-012023-03-31NI0459702021-04-01NI0459702022-03-31NI0459702021-04-012022-03-31NI045970bus:SmallEntities2022-04-012023-03-31NI045970bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31NI045970bus:AbridgedAccounts2022-04-012023-03-31NI045970bus:PrivateLimitedCompanyLtd2022-04-012023-03-31NI045970core:WithinOneYear2023-03-31NI045970core:AfterOneYear2023-03-31NI045970core:WithinOneYear2022-03-31NI045970core:AfterOneYear2022-03-31NI045970core:ShareCapital2023-03-31NI045970core:SharePremium2023-03-31NI045970core:RevaluationReserve2023-03-31NI045970core:OtherReservesSubtotal2023-03-31NI045970core:RetainedEarningsAccumulatedLosses2023-03-31NI045970core:ShareCapital2022-03-31NI045970core:SharePremium2022-03-31NI045970core:RevaluationReserve2022-03-31NI045970core:OtherReservesSubtotal2022-03-31NI045970core:RetainedEarningsAccumulatedLosses2022-03-31NI045970core:LandBuildings2023-03-31NI045970core:PlantMachinery2023-03-31NI045970core:Vehicles2023-03-31NI045970core:FurnitureFittings2023-03-31NI045970core:OfficeEquipment2023-03-31NI045970core:NetGoodwill2023-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2023-03-31NI045970core:ListedExchangeTraded2023-03-31NI045970core:UnlistedNon-exchangeTraded2023-03-31NI045970core:LandBuildings2022-03-31NI045970core:PlantMachinery2022-03-31NI045970core:Vehicles2022-03-31NI045970core:FurnitureFittings2022-03-31NI045970core:OfficeEquipment2022-03-31NI045970core:NetGoodwill2022-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2022-03-31NI045970core:ListedExchangeTraded2022-03-31NI045970core:UnlistedNon-exchangeTraded2022-03-31NI045970core:LandBuildings2022-04-012023-03-31NI045970core:PlantMachinery2022-04-012023-03-31NI045970core:Vehicles2022-04-012023-03-31NI045970core:FurnitureFittings2022-04-012023-03-31NI045970core:OfficeEquipment2022-04-012023-03-31NI045970core:NetGoodwill2022-04-012023-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31NI045970core:ListedExchangeTraded2022-04-012023-03-31NI045970core:UnlistedNon-exchangeTraded2022-04-012023-03-31NI045970core:MoreThanFiveYears2022-04-012023-03-31NI045970core:Non-currentFinancialInstruments2023-03-31NI045970core:Non-currentFinancialInstruments2022-03-31NI045970dpl:CostSales2022-04-012023-03-31NI045970dpl:DistributionCosts2022-04-012023-03-31NI045970dpl:AdministrativeExpenses2022-04-012023-03-31NI045970core:LandBuildings2022-04-012023-03-31NI045970core:PlantMachinery2022-04-012023-03-31NI045970core:Vehicles2022-04-012023-03-31NI045970core:FurnitureFittings2022-04-012023-03-31NI045970core:OfficeEquipment2022-04-012023-03-31NI045970core:NetGoodwill2022-04-012023-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31NI045970dpl:GroupUndertakings2022-04-012023-03-31NI045970dpl:ParticipatingInterests2022-04-012023-03-31NI045970dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31NI045970core:ListedExchangeTraded2022-04-012023-03-31NI045970dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31NI045970core:UnlistedNon-exchangeTraded2022-04-012023-03-31NI045970dpl:CostSales2021-04-012022-03-31NI045970dpl:DistributionCosts2021-04-012022-03-31NI045970dpl:AdministrativeExpenses2021-04-012022-03-31NI045970core:LandBuildings2021-04-012022-03-31NI045970core:PlantMachinery2021-04-012022-03-31NI045970core:Vehicles2021-04-012022-03-31NI045970core:FurnitureFittings2021-04-012022-03-31NI045970core:OfficeEquipment2021-04-012022-03-31NI045970core:NetGoodwill2021-04-012022-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31NI045970dpl:GroupUndertakings2021-04-012022-03-31NI045970dpl:ParticipatingInterests2021-04-012022-03-31NI045970dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31NI045970core:ListedExchangeTraded2021-04-012022-03-31NI045970dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31NI045970core:UnlistedNon-exchangeTraded2021-04-012022-03-31NI045970core:NetGoodwill2023-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2023-03-31NI045970core:LandBuildings2023-03-31NI045970core:PlantMachinery2023-03-31NI045970core:Vehicles2023-03-31NI045970core:FurnitureFittings2023-03-31NI045970core:OfficeEquipment2023-03-31NI045970core:AfterOneYear2023-03-31NI045970core:WithinOneYear2023-03-31NI045970core:ListedExchangeTraded2023-03-31NI045970core:UnlistedNon-exchangeTraded2023-03-31NI045970core:ShareCapital2023-03-31NI045970core:SharePremium2023-03-31NI045970core:RevaluationReserve2023-03-31NI045970core:OtherReservesSubtotal2023-03-31NI045970core:RetainedEarningsAccumulatedLosses2023-03-31NI045970core:NetGoodwill2022-03-31NI045970core:IntangibleAssetsOtherThanGoodwill2022-03-31NI045970core:LandBuildings2022-03-31NI045970core:PlantMachinery2022-03-31NI045970core:Vehicles2022-03-31NI045970core:FurnitureFittings2022-03-31NI045970core:OfficeEquipment2022-03-31NI045970core:AfterOneYear2022-03-31NI045970core:WithinOneYear2022-03-31NI045970core:ListedExchangeTraded2022-03-31NI045970core:UnlistedNon-exchangeTraded2022-03-31NI045970core:ShareCapital2022-03-31NI045970core:SharePremium2022-03-31NI045970core:RevaluationReserve2022-03-31NI045970core:OtherReservesSubtotal2022-03-31NI045970core:RetainedEarningsAccumulatedLosses2022-03-31NI045970core:NetGoodwill2021-04-01NI045970core:IntangibleAssetsOtherThanGoodwill2021-04-01NI045970core:LandBuildings2021-04-01NI045970core:PlantMachinery2021-04-01NI045970core:Vehicles2021-04-01NI045970core:FurnitureFittings2021-04-01NI045970core:OfficeEquipment2021-04-01NI045970core:AfterOneYear2021-04-01NI045970core:WithinOneYear2021-04-01NI045970core:ListedExchangeTraded2021-04-01NI045970core:UnlistedNon-exchangeTraded2021-04-01NI045970core:ShareCapital2021-04-01NI045970core:SharePremium2021-04-01NI045970core:RevaluationReserve2021-04-01NI045970core:OtherReservesSubtotal2021-04-01NI045970core:RetainedEarningsAccumulatedLosses2021-04-01NI045970core:AfterOneYear2022-04-012023-03-31NI045970core:WithinOneYear2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI045970core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31NI045970core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31NI045970core:Non-currentFinancialInstrumentscore:CostValuation2022-03-31NI045970core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-31NI045970core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-31NI045970bus:Director12022-04-012023-03-31NI045970bus:Director22022-04-012023-03-31

Newry Computer Centre Limited

Registered Number
NI045970
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2023

Newry Computer Centre Limited
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

Brian McElvanna
Christine McElvanna

Registered Address

12 Monaghan Court
Monaghan Street
Newry
BT35 6BH

Registered Number

NI045970 (Northern Ireland)
Newry Computer Centre Limited
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets6-13,029
Tangible assets7102,30296,975
102,302110,004
Current assets
Stocks38,00046,250
Debtors9229,573262,558
Cash at bank and on hand830,900837,083
1,098,4731,145,891
Creditors amounts falling due within one year10(159,289)(233,191)
Net current assets (liabilities)939,184912,700
Total assets less current liabilities1,041,4861,022,704
Provisions for liabilities(15,089)(13,799)
Net assets1,026,3971,008,905
Capital and reserves
Called up share capital103103
Share premium81,01681,016
Profit and loss account945,278927,786
Shareholders' funds1,026,3971,008,905
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
Brian McElvanna
Director
Registered Company No. NI045970
Newry Computer Centre Limited
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Vehicles20
Intangible assets policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful life of the asset as follows: Goodwill 5% straight line
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development policy
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale: - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Leases policy
Operating leases payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year99
6.Intangible assets

Total

£
Cost or valuation
At 01 April 22260,580
At 31 March 23260,580
Amortisation and impairment
At 01 April 22247,551
Charge for year13,029
At 31 March 23260,580
Net book value
At 31 March 23-
At 31 March 2213,029
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 22185,959
Additions27,930
At 31 March 23213,889
Depreciation and impairment
At 01 April 2288,984
Charge for year22,603
At 31 March 23111,587
Net book value
At 31 March 23102,302
At 31 March 2296,975
8.Description of nature of transactions and balances with related parties
During the year the company entered into the following transactions with related parties: NCC IT Service (ROI) Limited - Balance owed £25,439 (2022), £70,089 (2021) During the year Newry Computer Centre Limited undertook various transactions with NCC IT Services (ROI) Limited, Whose director is also a director of Newry Computer Centre. All transactions took place at arms length.
9.Debtors

2023

2022

££
Trade debtors / trade receivables194,317217,124
Amounts owed by group undertakings35,25625,439
Other debtors-19,995
Total229,573262,558
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables66,87681,814
Bank borrowings and overdrafts5,7135,577
Taxation and social security68,65474,309
Other creditors13,04667,449
Accrued liabilities and deferred income5,0004,042
Total159,289233,191
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.