Company registration number: NI602598
Unaudited financial statements
for the year ended 31 December 2023
for
Clonmola Developments Limited
Pages for filing with the Registrar
Company registration number: NI602598
Clonmola Developments Limited
Balance sheet
as at 31 December 2023
31 Dec 23 31 Dec 22
Note £ £ £ £
Fixed assets
Tangible assets 4 504 593
504 593
Current assets
Stocks 240,910 238,651
Cash at bank and in hand 117 647
241,027 239,298
Creditors: amounts falling due within
one year
(253,371) (245,735)
Net current liabilities (12,344) (6,437)
Total assets less current liabilities (11,840) (5,844)
Creditors: Amounts falling due after
more than one year
(21,098) (23,947)
NET LIABILITIES (32,938) (29,791)
Capital and reserves
Called up share capital 10 10
Profit and loss account (32,948) (29,801)
TOTAL EQUITY (32,938) (29,791)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI602598
Clonmola Developments Limited
Balance sheet - continued
as at 31 December 2023
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs R Sinnamon, Director
11 September 2024
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Clonmola Developments Limited
Notes to the financial statements
for the year ended 31 December 2023
1 Company information
The company is registered in Northern Ireland. Its registered number is NI602598. The company is limited by shares. Its registered office is 19 Berkeley Hall Square, Lisburn, BT27 5TB.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
3 Average number of employees
During the year the average number of employees was 1 (2022 - 1).
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Clonmola Developments Limited
Notes to the financial statements - continued
for the year ended 31 December 2023
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2023 4,905
At 31 December 2023 4,905
Depreciation
At 1 January 2023 4,312
Charge for year 89
At 31 December 2023 4,401
Net book value
At 31 December 2023 504
At 31 December 2022 593
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