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REGISTERED NUMBER: NI638973 (Northern Ireland)















TAMLAGHT SPAR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TAMLAGHT SPAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Charles Hamilton
Ruth Hamilton





REGISTERED OFFICE: 12-14 Lower Strabane Road
Castlederg
Co. Tyrone
BT81 7AZ





REGISTERED NUMBER: NI638973 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 197,407 205,632
Property, plant and equipment 6 1,034,399 1,074,360
1,231,806 1,279,992

CURRENT ASSETS
Inventories 91,247 69,826
Receivables: amounts falling due within
one year

7

7,575

5,000
Cash at bank and in hand 270,578 224,512
369,400 299,338
PAYABLES
Amounts falling due within one year 8 (659,192 ) (621,418 )
NET CURRENT LIABILITIES (289,792 ) (322,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

942,014

957,912

PAYABLES
Amounts falling due after more than
one year

9

(574,358

)

(685,241

)

PROVISIONS FOR LIABILITIES (43,249 ) (43,322 )
NET ASSETS 324,407 229,349

CAPITAL AND RESERVES
Called up share capital 11 31,914 31,914
Retained earnings 292,493 197,435
SHAREHOLDERS' FUNDS 324,407 229,349

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2023


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 Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:




Charles Hamilton - Director



Ruth Hamilton - Director


TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Tamlaght Spar Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Goodwill
Off licence, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 27 ) .

5. INTANGIBLE FIXED ASSETS
Off licence
£
COST
At 1 May 2022
and 30 April 2023 205,632
AMORTISATION
Amortisation for year 8,225
At 30 April 2023 8,225
NET BOOK VALUE
At 30 April 2023 197,407
At 30 April 2022 205,632

TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 May 2022 989,481 464,276 10,000 1,463,757
Additions - 10,063 39,000 49,063
Disposals - - (10,000 ) (10,000 )
At 30 April 2023 989,481 474,339 39,000 1,502,820
DEPRECIATION
At 1 May 2022 143,130 238,245 8,022 389,397
Charge for year 39,579 46,479 988 87,046
Eliminated on disposal - - (8,022 ) (8,022 )
At 30 April 2023 182,709 284,724 988 468,421
NET BOOK VALUE
At 30 April 2023 806,772 189,615 38,012 1,034,399
At 30 April 2022 846,351 226,031 1,978 1,074,360

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 7,575 5,000

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 130,758 105,264
Trade payables 119,448 109,090
Amounts owed to group undertakings 398,958 388,721
Taxation and social security 3,183 11,692
Other payables 6,845 6,651
659,192 621,418

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 574,358 685,241

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 705,116 790,505

TAMLAGHT SPAR LIMITED (REGISTERED NUMBER: NI638973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
31,914 ORD 1 31,914 31,914

12. RELATED PARTY DISCLOSURES

The directors of Tamlaght Spar Limited Limited are also partners in C & R Hamilton an unincorporated partnership. C & R Hamilton has advanced funds to Tamlaght Spar Limited. At 30 April 2023 the balance owed by the company was £54,735.

The directors of Tamlaght Spar Limited are also directors in Hamilton's Foodhalls Limited. Hamilton's Foodhalls Limited has advanced funds to Tamlaght Spar Limited. At 30 April 2023 the balance owed by the company was £344,223.