Relate AccountsProduction v2.7.2 v2.7.2 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the repair of machinery 7 March 2024 4 NI686447 2023-03-31 NI686447 2022-03-31 NI686447 2022-04-01 2023-03-31 NI686447 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI686447 uk-curr:PoundSterling 2022-04-01 2023-03-31 NI686447 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI686447 uk-bus:Director1 2022-04-01 2023-03-31 NI686447 uk-bus:RegisteredOffice 2022-04-01 2023-03-31 NI686447 uk-bus:Agent1 2022-04-01 2023-03-31 NI686447 uk-core:ShareCapital 2023-03-31 NI686447 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI686447 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI686447 uk-bus:FRS102 2022-04-01 2023-03-31 NI686447 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI686447 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 NI686447 uk-core:CurrentFinancialInstruments 2023-03-31 NI686447 uk-core:WithinOneYear 2023-03-31 NI686447 uk-core:EmployeeBenefits 2022-03-31 NI686447 uk-core:EmployeeBenefits 2022-04-01 2023-03-31 NI686447 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 NI686447 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-03-31 NI686447 uk-core:OtherDeferredTax 2023-03-31 NI686447 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-03-31 NI686447 uk-core:EmployeeBenefits 2023-03-31 NI686447 2022-04-01 2023-03-31 NI686447 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
SL Excavators (NI) Ltd
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 March 2023
SL Excavators (NI) Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Steven Lyttle
 
 
Company Registration Number NI686447
 
 
Registered Office and Business Address 15 Corchoney Road
Cookstown
Co Tyrone
BT80 9HU
Northern Ireland
 
 
Accountants R T J Ross & Co
Chartered Accountants
44 Molesworth Street
Cookstown
Tyrone
BT80 8PA
Northern Ireland
 
 
Bankers Allied Irish Bank Limited
  18-20 Scotch Street
  Dungannon
  Co. Tyrone



SL Excavators (NI) Ltd
DIRECTOR'S REPORT
for the financial year ended 31 March 2023

 
The director presents their report and the unaudited financial statements for the financial year ended 31 March 2023.
     
Director
The director who served during the financial year is as follows:
     
Steven Lyttle
   
There were no changes in shareholdings between 31 March 2023 and the date of signing the financial statements.
     
In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
Steven Lyttle
Director
     
7 March 2024



SL Excavators (NI) Ltd
PROFIT AND LOSS ACCOUNT
for the financial year ended 31 March 2023
2023
Notes £

Turnover 689,959
 
Cost of sales (395,202)
─────────
Gross profit 294,757
 
Administrative expenses (128,353)
─────────
Profit before taxation 166,404
 
Tax on profit (31,798)
─────────
Profit for the financial year 134,606
─────────
Total comprehensive income 134,606
    ═════════



SL Excavators (NI) Ltd
Company Registration Number: NI686447
BALANCE SHEET
as at 31 March 2023

2023
Notes £
 
Fixed Assets
Tangible assets 5 49,169
─────────
 
Current Assets
Stocks 6 42,200
Debtors 7 109,695
Cash and cash equivalents 164,453
─────────
316,348
─────────
Creditors: amounts falling due within one year 8 (220,982)
─────────
Net Current Assets 95,366
─────────
Total Assets less Current Liabilities 144,535
 
Provisions for liabilities 9 (9,927)
─────────
Net Assets 134,608
═════════
 
Capital and Reserves
Called up share capital 2
Retained earnings 134,606
─────────
Equity attributable to owners of the company 134,608
═════════
 
The financial statements have been prepared 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).
       
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
       
Approved by the Director and authorised for issue on 7 March 2024
       
Steven Lyttle      
Director      
       



SL Excavators (NI) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
SL Excavators (NI) Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI686447. The registered office of the company is 15 Corchoney Road, Cookstown, Co Tyrone, BT80 9HU, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the repair of machinery The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Straight line
  Fixtures, fittings and equipment - 10% Straight line
 
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.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks 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.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
4. Employees
 
The average monthly number of employees, including director, during the financial year was 4, (2022 - 0).
 
  2023
  Number
 
Total 4
  ═════════
         
5. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 April 2022 - - -
Additions 53,758 873 54,631
  ───────── ───────── ─────────
At 31 March 2023 53,758 873 54,631
  ───────── ───────── ─────────
Depreciation
At 1 April 2022 - - -
Charge for the financial year 5,375 87 5,462
  ───────── ───────── ─────────
At 31 March 2023 5,375 87 5,462
  ───────── ───────── ─────────
Net book value
At 31 March 2023 48,383 786 49,169
  ═════════ ═════════ ═════════
     
6. Stocks 2023
  £
 
Finished goods and goods for resale 42,200
  ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
     
7. Debtors 2023
  £
 
Trade debtors 109,687
Taxation and social security costs 8
  ─────────
  109,695
  ═════════
     
8. Creditors 2023
Amounts falling due within one year £
 
Trade creditors 68,474
Taxation and social security costs 37,724
Director's current account 112,934
Other creditors 1,850
  ─────────
  220,982
  ═════════
       
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
    2023
  £ £
 
At financial year start - -
Charged to profit and loss 9,927 9,927
  ───────── ─────────
At financial year end 9,927 9,927
  ═════════ ═════════
     
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2023.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.