BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is the retail of convenience foods principally Spar branded goods.

The company was incorporated on 8 December 2015 and commenced trading on 6 April 2016.
6 June 2024 0 0
NI635273 2024-03-31 NI635273 2023-03-31 NI635273 2022-03-31 NI635273 2023-04-01 2024-03-31 NI635273 2022-04-01 2023-03-31 NI635273 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI635273 uk-curr:PoundSterling 2023-04-01 2024-03-31 NI635273 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI635273 uk-bus:FullAccounts 2023-04-01 2024-03-31 NI635273 uk-bus:Director1 2023-04-01 2024-03-31 NI635273 uk-bus:Director2 2023-04-01 2024-03-31 NI635273 uk-bus:Director3 2023-04-01 2024-03-31 NI635273 uk-bus:Director4 2023-04-01 2024-03-31 NI635273 uk-bus:RegisteredOffice 2023-04-01 2024-03-31 NI635273 uk-bus:Agent1 2023-04-01 2024-03-31 NI635273 uk-core:ShareCapital 2024-03-31 NI635273 uk-core:ShareCapital 2023-03-31 NI635273 uk-core:SharePremium 2024-03-31 NI635273 uk-core:SharePremium 2023-03-31 NI635273 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI635273 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI635273 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI635273 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI635273 uk-bus:FRS102 2023-04-01 2024-03-31 NI635273 uk-core:LandBuildings 2023-04-01 2024-03-31 NI635273 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI635273 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI635273 uk-core:CurrentFinancialInstruments 2024-03-31 NI635273 uk-core:CurrentFinancialInstruments 2023-03-31 NI635273 uk-core:WithinOneYear 2024-03-31 NI635273 uk-core:WithinOneYear 2023-03-31 NI635273 uk-core:WithinOneYear 2024-03-31 NI635273 uk-core:WithinOneYear 2023-03-31 NI635273 uk-core:EmployeeBenefits 2023-03-31 NI635273 uk-core:EmployeeBenefits 2023-04-01 2024-03-31 NI635273 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 NI635273 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 NI635273 uk-core:OtherDeferredTax 2024-03-31 NI635273 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-03-31 NI635273 uk-core:EmployeeBenefits 2024-03-31 NI635273 2023-04-01 2024-03-31 NI635273 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI635273
 
 
McAnallens of Benburb Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2024
McAnallens of Benburb Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Fergus McAnallen
Donal McAnallen
Bridget McAnallen
Sean McAnallen
 
 
Company Registration Number NI635273
 
 
Registered Office 61 Main Street
Benburb
Dungannon
Co. Tyrone
BT71 7LG
Northern Ireland
 
 
Business Address 61 Main Street
Benburb
Dungannon
Co. Tyrone
BT71 7LG
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Bank of Ireland
  24 Scotch Street
  BT70 1AR
  United Kingdom
 
   
Solicitors Hoy Son & Murphy
  William Street
  Dungannon
  Co. Tyrone
  BT70 1DX
  United Kingdom



McAnallens of Benburb Limited
Company Registration Number: NI635273
BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 1,689,645 1,675,029
───────── ─────────
 
Current Assets
Stocks 5 143,630 127,117
Debtors 6 64,713 44,324
Cash and cash equivalents 62,021 78,035
───────── ─────────
270,364 249,476
───────── ─────────
Creditors: amounts falling due within one year 7 (565,622) (604,639)
───────── ─────────
Net Current Liabilities (295,258) (355,163)
───────── ─────────
Total Assets less Current Liabilities 1,394,387 1,319,866
 
Provisions for liabilities 9 (56,621) (60,458)
───────── ─────────
Net Assets 1,337,766 1,259,408
═════════ ═════════
 
Capital and Reserves
Called up share capital 405 405
Share premium account 1,185,295 1,185,295
Retained earnings 152,066 73,708
───────── ─────────
Equity attributable to owners of the company 1,337,766 1,259,408
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 6 June 2024 and signed on its behalf by
           
           
________________________________          
Fergus McAnallen          
Director          
           
           
________________________________
Donal McAnallen
Director
           



McAnallens of Benburb Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
McAnallens of Benburb Limited is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts).
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 20, (2023 - 18).
           
4. Tangible assets
  Land and Plant and Fixtures, Total
  buildings machinery fittings and  
  freehold   equipment  
  £ £ £ £
Cost
At 1 April 2023 1,462,250 203,765 195,682 1,861,697
Additions 64,376 - 5,166 69,542
  ───────── ───────── ───────── ─────────
At 31 March 2024 1,526,626 203,765 200,848 1,931,239
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 58,490 61,054 67,124 186,668
Charge for the financial year 29,245 12,721 12,960 54,926
  ───────── ───────── ───────── ─────────
At 31 March 2024 87,735 73,775 80,084 241,594
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 1,438,891 129,990 120,764 1,689,645
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 1,403,760 142,711 128,558 1,675,029
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Goods for resale 143,630 127,117
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 64,633 44,244
Other debtors 80 80
  ───────── ─────────
  64,713 44,324
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts - 3,125
Trade creditors 170,931 166,650
Amounts owed to group undertakings 4,720 -
Taxation  (Note 8) 16,484 14,902
Directors' current accounts 371,210 417,968
Other creditors 1,427 1,144
Accruals 850 850
  ───────── ─────────
  565,622 604,639
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Creditors:
VAT 217 4,993
PAYE / NI 16,267 9,909
  ───────── ─────────
  16,484 14,902
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 60,458 60,458 43,903
Charged to profit and loss (3,837) (3,837) 16,555
  ───────── ───────── ─────────
At financial year end 56,621 56,621 60,458
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.