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REGISTERED NUMBER: NI066388 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

C. COYLE LIMITED

C. COYLE LIMITED (REGISTERED NUMBER: NI066388)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


C. COYLE LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: C Coyle
Mrs S Coyle



SECRETARY: Mrs S Coyle



REGISTERED OFFICE: T/a McCanns Pharmacy
57-59 Main Street
Castlewellan
Co. Down
BT31 9DQ



REGISTERED NUMBER: NI066388 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS



BANKERS: Ulster Bank
29 Upper Square
Castlewellan
Down
BT31 9DD

C. COYLE LIMITED (REGISTERED NUMBER: NI066388)

Abridged Balance Sheet
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 360,000 450,000
Tangible assets 5 1,109 1,305
361,109 451,305

CURRENT ASSETS
Stocks 70,118 62,981
Debtors 86,172 94,383
Cash at bank and in hand 394,326 385,654
550,616 543,018
CREDITORS
Amounts falling due within one year 900,989 948,607
NET CURRENT LIABILITIES (350,373 ) (405,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,736

45,716

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,636 45,616
SHAREHOLDERS' FUNDS 10,736 45,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

C. COYLE LIMITED (REGISTERED NUMBER: NI066388)

Abridged Balance Sheet - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2024 and were signed on its behalf by:





C Coyle - Director


C. COYLE LIMITED (REGISTERED NUMBER: NI066388)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

C. Coyle 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

C. COYLE LIMITED (REGISTERED NUMBER: NI066388)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 1,800,000
AMORTISATION
At 1 November 2022 1,350,000
Amortisation for year 90,000
At 31 October 2023 1,440,000
NET BOOK VALUE

At 31 October 2023 360,000
At 31 October 2022 450,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 8,411
DEPRECIATION
At 1 November 2022 7,106
Charge for year 196
At 31 October 2023 7,302
NET BOOK VALUE
At 31 October 2023 1,109
At 31 October 2022 1,305