Company Registration No. NI008338 (Northern Ireland)
Ulster PVC Limited
Unaudited accounts
for the year ended 30 April 2024
Ulster PVC Limited
Unaudited accounts
Contents
Ulster PVC Limited
Company Information
for the year ended 30 April 2024
Company Number
NI008338 (Northern Ireland)
Registered Office
Unit A1 Boucher Business Studios
Glenmachen Place
Belfast
BT12 6JB
Northern Ireland
Ulster PVC Limited
Statement of financial position
as at 30 April 2024
Tangible assets
124,569
87,516
Cash at bank and in hand
119,859
63,182
Creditors: amounts falling due within one year
(156,048)
(122,354)
Net current assets
170,804
139,537
Total assets less current liabilities
295,373
227,053
Creditors: amounts falling due after more than one year
(12,627)
(22,583)
Provisions for liabilities
Deferred tax
(22,954)
(15,668)
Net assets
259,792
188,802
Called up share capital
25,000
25,000
Profit and loss account
234,792
163,802
Shareholders' funds
259,792
188,802
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 11 June 2024 and were signed on its behalf by
G Hancock
Director
Company Registration No. NI008338
Ulster PVC Limited
Notes to the Accounts
for the year ended 30 April 2024
Ulster PVC Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI008338. The registered office is Unit A1 Boucher Business Studios, Glenmachen Place, Belfast, BT12 6JB, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Grants received in respect of expenditure charged to the profit and loss account during the year, have been included in profit and loss.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 - 20% per annum on cost
Motor vehicles
20 % per annum on cost
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Ulster PVC Limited
Notes to the Accounts
for the year ended 30 April 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
288,616
16,100
304,716
At 30 April 2024
339,219
16,100
355,319
At 1 May 2023
202,700
14,500
217,200
Charge for the year
13,150
400
13,550
At 30 April 2024
215,850
14,900
230,750
At 30 April 2024
123,369
1,200
124,569
At 30 April 2023
85,916
1,600
87,516
Amounts falling due within one year
Trade debtors
135,205
136,874
Accrued income and prepayments
8,537
7,593
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,675
9,675
Trade creditors
60,245
58,740
Taxes and social security
30,161
26,147
Other creditors
24,243
27,493
Loans from directors
31,724
299
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
25,000 Ordinary shares of £1 each
25,000
25,000
Ulster PVC Limited
Notes to the Accounts
for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).