Registered Number:NI062056 |
For the year ended 31 December 2023
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2023
S.F.S. (Armagh) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
S.F.S. (Armagh) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
86,549
93,832
2
86,549
93,832
25,164
23,690
3
Trade and other receivables |
42,374
39,603
4
16,303
Cash and cash equivalents |
15,293
78,586
83,841
Trade and other payables: amounts falling due within one |
year |
(60,595)
(59,646)
5
23,246
18,940
Net current assets
Total assets less current liabilities |
105,489
117,078
Trade and other payables: amounts falling due after more |
than one year |
(35,607)
(25,686)
6
(7,189)
(7,799)
Provisions for liabilities |
72,614
Net assets
73,672
410
410
72,204
73,262
72,614
73,672
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Simon Andrew Smith Director |
These financial statements were approved and authorised for issue by the Board on 22 March 2024 and were signed by: |
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For the year ended 31 December 2023
S.F.S. (Armagh) Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 December 2023
S.F.S. (Armagh) Limited
Notes to the Financial Statements
Statutory Information
S.F.S. (Armagh) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI062056. |
58 Kilcreevy Road
Armagh
Bt60 3Ly
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2023
S.F.S. (Armagh) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
156,599
11,055
71,431
21,326
52,787
3,600
150
-
3,450
-
24,776
71,431
11,205
160,199
52,787
Provision for depreciation and impairment |
62,767
8,064
35,500
19,203
-
Charge for year
10,883
785
8,983
1,115
-
73,650
8,849
44,483
20,318
-
52,787
4,458
26,948
2,356
86,549
52,787
2,123
35,931
2,991
93,832
2022
2023
23,690
25,164
4. Trade and other receivables |
2022
2023
39,603
42,374
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
11,976
890
8,249
24,947
2,860
11,069
Taxation and social security |
26,223
19,131
10,338
4,558
59,646
60,595
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For the year ended 31 December 2023
S.F.S. (Armagh) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,098
35,607
10,588
-
25,686
35,607
7. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
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