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REGISTERED NUMBER: NI601158 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Harbour Road Service Station Limited

Harbour Road Service Station Limited (Registered number: NI601158)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Harbour Road Service Station Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Cardwell
S A Kydd





REGISTERED OFFICE: 59-61 Harbour Road
Portavogie
Co. Down
BT22 1EA





REGISTERED NUMBER: NI601158 (Northern Ireland)





ACCOUNTANTS: Lynn Drake & Co Ltd
Chartered Accountants
1st Floor
34 B-D Main Street
Moira
Co. Armagh
BT67 0LE

Harbour Road Service Station Limited (Registered number: NI601158)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 42,500 42,500
Tangible assets 6 45,663 54,604
Investment property 7 370,533 370,533
458,696 467,637

CURRENT ASSETS
Stocks 127,949 145,485
Debtors 8 47,743 49,470
Cash at bank and in hand 985,052 845,674
1,160,744 1,040,629
CREDITORS
Amounts falling due within one year 9 444,449 417,773
NET CURRENT ASSETS 716,295 622,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,174,991

1,090,493

PROVISIONS FOR LIABILITIES 10 11,119 10,099
NET ASSETS 1,163,872 1,080,394

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,163,772 1,080,294
SHAREHOLDERS' FUNDS 1,163,872 1,080,394

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Harbour Road Service Station Limited (Registered number: NI601158)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:




D Cardwell - Director



S A Kydd - Director


Harbour Road Service Station Limited (Registered number: NI601158)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Harbour Road Service Station 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Liquor licence
The liquor licence was initially measured at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on Reducing Balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Harbour Road Service Station Limited (Registered number: NI601158)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Harbour Road Service Station Limited (Registered number: NI601158)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 18 ) .

5. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 575,000 42,500 617,500
AMORTISATION
At 1 December 2022
and 30 November 2023 575,000 - 575,000
NET BOOK VALUE
At 30 November 2023 - 42,500 42,500
At 30 November 2022 - 42,500 42,500

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 185,100 14,121 199,221
Additions 5,718 - 5,718
At 30 November 2023 190,818 14,121 204,939
DEPRECIATION
At 1 December 2022 138,439 6,178 144,617
Charge for year 12,673 1,986 14,659
At 30 November 2023 151,112 8,164 159,276
NET BOOK VALUE
At 30 November 2023 39,706 5,957 45,663
At 30 November 2022 46,661 7,943 54,604

Harbour Road Service Station Limited (Registered number: NI601158)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 370,533
NET BOOK VALUE
At 30 November 2023 370,533
At 30 November 2022 370,533

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,438 4,470
Other debtors 40,000 40,000
Prepayments 6,305 5,000
47,743 49,470

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 130,252 121,333
Tax 35,872 26,514
Social security and other taxes 1,872 447
VAT 18,511 5,891
Other creditors 407 258
Development Grant 117,083 142,917
Directors' current accounts 131,441 109,241
Accrued expenses 9,011 11,172
444,449 417,773

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 11,119 10,099

Harbour Road Service Station Limited (Registered number: NI601158)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 10,099
Charge to Statement of Income and Retained Earnings during year 1,020
Balance at 30 November 2023 11,119

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100