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Company registration number: NI654849
Farlough Sales Units Ltd
Unaudited filleted financial statements
31 March 2023
Farlough Sales Units Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Farlough Sales Units Ltd
Directors and other information
Directors Mr Kenneth Archer
Mr Karol Maxwell
Secretary Karol Maxwell
Company number NI654849
Registered office 67 Farlough Road
Dungannon
Tyrone
Business address 67 Farlough Road
Dungannon
Co Tyrone
BT71 4DU
Accountants Crudden Dolan Ltd
23-25 Darling Street
Enniskillen
Co Fermanagh
BT74 7DP
Farlough Sales Units Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Farlough Sales Units Ltd
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Farlough Sales Units Ltd for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Farlough Sales Units Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Farlough Sales Units Ltd and state those matters that we have agreed to state to the board of directors of Farlough Sales Units Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farlough Sales Units Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Farlough Sales Units Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Farlough Sales Units Ltd. You consider that Farlough Sales Units Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Farlough Sales Units Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Crudden Dolan Ltd
Chartered Accountants and Registered Auditors
23-25 Darling Street
Enniskillen
Co Fermanagh
BT74 7DP
27 March 2024
Farlough Sales Units Ltd
Statement of financial position
31 March 2023
2023 2022
£ £
Fixed assets 487,560 207,787
_______ _______
Current assets 17,496 290,583
Creditors: amounts falling due within one year ( 134,621) ( 106,359)
_______ _______
Net current (liabilities)/assets ( 117,125) 184,224
_______ _______
Total assets less current liabilities 370,435 392,011
Creditors: amounts falling due after more than one year ( 217,000) ( 298,000)
Accruals and deferred income ( 1,800) ( 1,800)
_______ _______
Net assets 151,635 92,211
_______ _______
Capital and reserves 151,635 92,211
_______ _______
Farlough Sales Units Ltd
Year ended 31 March 2023
Notes to the financial statements
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Kenneth Archer ( 51,050) 38,900 ( 48,300) ( 60,450)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Kenneth Archer 2,050 5,700 ( 58,800) ( 51,050)
_______ _______ _______ _______
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.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2024 , and are signed on behalf of the board by:
Mr Kenneth Archer Mr Karol Maxwell
Director Director
Company registration number: NI654849
The company is a private company limited by shares, registered in United Kingdom.