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Registered number: NI040751
Allister Moore Welding & Engineering Supplies Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI040751
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 27,986 30,474
27,986 30,474
CURRENT ASSETS
Stocks 6 77,650 77,650
Debtors 7 1,302,059 1,589,586
Cash at bank and in hand 233,976 164,524
1,613,685 1,831,760
Creditors: Amounts Falling Due Within One Year 8 (1,387,305 ) (1,573,446 )
NET CURRENT ASSETS (LIABILITIES) 226,380 258,314
TOTAL ASSETS LESS CURRENT LIABILITIES 254,366 288,788
NET ASSETS 254,366 288,788
CAPITAL AND RESERVES
Called up share capital 9 147 147
Profit and Loss Account 254,219 288,641
SHAREHOLDERS' FUNDS 254,366 288,788
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For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Allister Moore
Director
Mr Andrew Hyslop
Director
25/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Allister Moore Welding & Engineering Supplies Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI040751 . The registered office is Unit 4 McKinney Industrial Estate, 58 Mallusk Road, Newtownabbey, Antrim, BT7 1HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% straight line
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Sales, marketing and distribution 14 14
14 14
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 133,333
As at 31 December 2023 133,333
Amortisation
As at 1 January 2023 133,333
As at 31 December 2023 133,333
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 25,000 117,923 10,931 27,908 181,762
As at 31 December 2023 25,000 117,923 10,931 27,908 181,762
Depreciation
As at 1 January 2023 500 111,959 10,920 27,909 151,288
Provided during the period 500 1,988 - - 2,488
As at 31 December 2023 1,000 113,947 10,920 27,909 153,776
Net Book Value
As at 31 December 2023 24,000 3,976 11 (1 ) 27,986
As at 1 January 2023 24,500 5,964 11 (1 ) 30,474
6. Stocks
2023 2022
£ £
Stock 77,650 77,650
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,249,359 1,561,517
VAT 52,700 28,069
1,302,059 1,589,586
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 739,430 873,336
Bank loans and overdrafts 573,215 578,960
Corporation tax 47,403 28,378
Other taxes and social security 10,431 3,852
Accruals and deferred income 16,826 88,920
1,387,305 1,573,446
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 147 147
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 188,261 204,527
11. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 75% of the issued share capital in the company.
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