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Company Registration No. NI635775 (Northern Ireland)
Mournebuilt Ltd Unaudited accounts for the year ended 31 January 2024
Mournebuilt Ltd Unaudited accounts Contents
Page
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Mournebuilt Ltd Company Information for the year ended 31 January 2024
Directors
Alan Robert Blue Glyn John Mitchell
Secretary
Alan Robert Blue
Company Number
NI635775 (Northern Ireland)
Registered Office
199 KILLOWEN ROAD ROSTREVOR BT34 3AH UNITED KINGDOM
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
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Mournebuilt Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,827 
10,436 
Current assets
Inventories
241,776 
241,776 
Debtors
5,304 
29,042 
Cash at bank and in hand
894 
4,195 
247,974 
275,013 
Creditors: amounts falling due within one year
(35,027)
(44,517)
Net current assets
212,947 
230,496 
Net assets
220,774 
240,932 
Capital and reserves
Called up share capital
80,000 
80,000 
Profit and loss account
140,774 
160,932 
Shareholders' funds
220,774 
240,932 
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Alan Robert Blue Director Company Registration No. NI635775
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Mournebuilt Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Mournebuilt Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI635775. The registered office is 199 KILLOWEN ROAD, ROSTREVOR, BT34 3AH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Mournebuilt Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
32,987 
At 31 January 2024
32,987 
Depreciation
At 1 February 2023
22,551 
Charge for the year
2,609 
At 31 January 2024
25,160 
Net book value
At 31 January 2024
7,827 
At 31 January 2023
10,436 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
304 
9,042 
Trade debtors
5,000 
20,000 
5,304 
29,042 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,791 
46,281 
Taxes and social security
(4,264)
(4,264)
Accruals
2,500 
2,500 
35,027 
44,517 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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