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Company registration number: NI627339
Leam Turbines Limited
Unaudited filleted financial statements
31 October 2023
Leam Turbines Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Leam Turbines Limited
Directors and other information
Directors Mr Paul McDonagh
Mr Philip McDonagh
Company number NI627339
Registered office 12 Drumcor Road
Leam
Tempo
Co. Fermanagh
BT94 3FE
Business address 12 Drumcor Road
Leam
Tempo
Co. Fermanagh
BT94 3FE
Accountants Crudden Dolan Ltd
23-25 Darling Street
Enniskillen
Fermanagh
BT74 7DP
Leam Turbines Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Leam Turbines Limited
Year ended 31 October 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 Leam Turbines Limited for the year ended 31 October 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 Leam Turbines Limited, 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 Leam Turbines Limited and state those matters that we have agreed to state to the board of directors of Leam Turbines Limited 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 Leam Turbines Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Leam Turbines Limited 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 Leam Turbines Limited. You consider that Leam Turbines Limited 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 Leam Turbines Limited. 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
Fermanagh
BT74 7DP
22 May 2024
Leam Turbines Limited
Statement of financial position
31 October 2023
2023 2022
£ £
Fixed assets 250,498 292,463
_______ _______
Current assets 572,607 391,983
Creditors: amounts falling due within one year ( 263,817) ( 232,475)
_______ _______
Net current assets 308,790 159,508
_______ _______
Total assets less current liabilities 559,288 451,971
Creditors: amounts falling due after more than one year ( 81,282) ( 122,793)
Accruals and deferred income ( 1,800) ( 1,050)
_______ _______
Net assets 476,206 328,128
_______ _______
Capital and reserves 476,206 328,128
_______ _______
Leam Turbines Limited
Year ended 31 October 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 Paul McDonagh ( 139,717) ( 2,000) 17,164 ( 124,553)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Paul McDonagh ( 73,513) ( 70,000) 3,796 ( 139,717)
_______ _______ _______ _______
For the year ending 31 October 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 22 May 2024 , and are signed on behalf of the board by:
Mr Paul McDonagh
Director
Company registration number: NI627339
The company is a private company limited by shares, registered in Northern Ireland.