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Company Registration No. NI625487 (Northern Ireland)
A1 Commercial Repairs (NI) Ltd Unaudited accounts for the year ended 30 June 2024
A1 Commercial Repairs (NI) Ltd Accountants' report
Accountants' report to the board of directors of A1 Commercial Repairs (NI) Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A1 Commercial Repairs (NI) Ltd for the year ended 30 June 2024 as set out on pages 3 - 5 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of A1 Commercial Repairs (NI) Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of A1 Commercial Repairs (NI) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A1 Commercial Repairs (NI) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A1 Commercial Repairs (NI) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A1 Commercial Repairs (NI) Ltd. You consider that A1 Commercial Repairs (NI) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A1 Commercial Repairs (NI) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
W F Lemon & Co Ltd 76 Main Street Lisnaskea Co Fermanagh BT92 0JD 17 September 2024
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A1 Commercial Repairs (NI) Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
237,910 
267,372 
Current assets
Inventories
105,282 
91,304 
Debtors
314,788 
218,760 
Cash at bank and in hand
24,544 
110,991 
444,614 
421,055 
Creditors: amounts falling due within one year
(242,421)
(219,695)
Net current assets
202,193 
201,360 
Total assets less current liabilities
440,103 
468,732 
Creditors: amounts falling due after more than one year
(11,244)
(21,238)
Provisions for liabilities
Deferred tax
(1,592)
(7,172)
Net assets
427,267 
440,322 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
427,167 
440,222 
Shareholders' funds
427,267 
440,322 
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Mrs Anna Sembhi Director Company Registration No. NI625487
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A1 Commercial Repairs (NI) Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
A1 Commercial Repairs (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI625487. The registered office is 19 Killynick Road, Derrylin, Co Fermanagh, BT92 9HJ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
20% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
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 assets and liabilities are not discounted.
Foreign exchange
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.
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A1 Commercial Repairs (NI) Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
122,807 
266,618 
22,445 
411,870 
Additions
- 
10,274 
- 
10,274 
At 30 June 2024
122,807 
276,892 
22,445 
422,144 
Depreciation
At 1 July 2023
12,281 
109,772 
22,445 
144,498 
Charge for the year
12,283 
27,453 
- 
39,736 
At 30 June 2024
24,564 
137,225 
22,445 
184,234 
Net book value
At 30 June 2024
98,243 
139,667 
- 
237,910 
At 30 June 2023
110,526 
156,846 
- 
267,372 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
311,851 
211,045 
Accrued income and prepayments
2,937 
7,715 
314,788 
218,760 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,709 
10,657 
VAT
27,193 
30,367 
Obligations under finance leases and hire purchase contracts
- 
4,058 
Trade creditors
180,743 
140,070 
Taxes and social security
12,847 
14,402 
Accruals
11,929 
20,141 
242,421 
219,695 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,244 
21,238 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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