Ballymacawley International Limited NI693915 false 2023-01-23 2024-01-31 2024-01-31 The principal activity of the company is Freight transport by road Digita Accounts Production Advanced 6.30.9574.0 true true NI693915 2023-01-23 2024-01-31 NI693915 2024-01-31 NI693915 bus:Director1 1 2024-01-31 NI693915 bus:OrdinaryShareClass1 2024-01-31 NI693915 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 NI693915 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 NI693915 core:CurrentFinancialInstruments 2024-01-31 NI693915 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI693915 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 NI693915 core:OtherPropertyPlantEquipment 2024-01-31 NI693915 bus:SmallEntities 2023-01-23 2024-01-31 NI693915 bus:AuditExemptWithAccountantsReport 2023-01-23 2024-01-31 NI693915 bus:FilletedAccounts 2023-01-23 2024-01-31 NI693915 bus:SmallCompaniesRegimeForAccounts 2023-01-23 2024-01-31 NI693915 bus:RegisteredOffice 2023-01-23 2024-01-31 NI693915 bus:Director1 2023-01-23 2024-01-31 NI693915 bus:Director1 1 2023-01-23 2024-01-31 NI693915 bus:OrdinaryShareClass1 2023-01-23 2024-01-31 NI693915 bus:PrivateLimitedCompanyLtd 2023-01-23 2024-01-31 NI693915 core:OtherPropertyPlantEquipment 2023-01-23 2024-01-31 NI693915 core:PlantMachinery 2023-01-23 2024-01-31 NI693915 countries:NorthernIreland 2023-01-23 2024-01-31 NI693915 bus:Director1 1 2023-01-22 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI693915

Ballymacawley International Limited

Unaudited Filleted Financial Statements

for the Period from 23 January 2023 to 31 January 2024

 

Ballymacawley International Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Ballymacawley International Limited

Company Information

Director

Ross Hawthorne

Registered office

70 Seagahan Road
Collone
Armagh
BT60 2BJ

Accountants

SP McKeown & Co Ltd
Chartered Certified Accountants, Registered Auditors and Tax Advisors
5 Lower Catherine Street
Newry
Co Down
BT35 6BE

 

Ballymacawley International Limited

(Registration number: NI693915)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

14,000

Current assets

 

Debtors

5

3,582

Cash at bank and in hand

 

8,201

 

11,783

Creditors: Amounts falling due within one year

6

(26,055)

Net current liabilities

 

(14,272)

Total assets less current liabilities

 

(272)

Creditors: Amounts falling due after more than one year

6

(9,501)

Provisions for liabilities

54

Net liabilities

 

(9,719)

Capital and reserves

 

Called up share capital

7

1

Retained earnings

(9,720)

Shareholders' deficit

 

(9,719)

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 August 2024
 

.........................................
Ross Hawthorne
Director

   
     
 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
70 Seagahan Road
Collone
Armagh
BT60 2BJ

These financial statements were authorised for issue by the director on 14 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

17,500

17,500

At 31 January 2024

17,500

17,500

Depreciation

Charge for the period

3,500

3,500

At 31 January 2024

3,500

3,500

Carrying amount

At 31 January 2024

14,000

14,000

5

Debtors

Current

2024
£

Other debtors

3,582

 

3,582

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

8

4,946

Trade creditors

 

(180)

Accruals and deferred income

 

750

Other creditors

 

20,539

 

26,055

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

9,501

7

Share capital

Allotted, called up and fully paid shares

 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

2024

No.

£

Ordinary Share capital of £1 each

1

1

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Hire purchase contracts

9,501

Current loans and borrowings

2024
£

Hire purchase contracts

4,946

9

Related party transactions

 

Ballymacawley International Limited

Notes to the Unaudited Financial Statements for the Period from 23 January 2023 to 31 January 2024

Transactions with the director

2024

At 23 January 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Ross Hawthorne

Directors loan

-

4,142

(24,681)

(20,539)