BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is hardware merchants and builders providers. 5 August 2024 13 13 NI044564 2023-12-31 NI044564 2022-12-31 NI044564 2021-12-31 NI044564 2023-01-01 2023-12-31 NI044564 2022-01-01 2022-12-31 NI044564 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI044564 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI044564 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI044564 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 NI044564 uk-core:ShareCapital 2023-12-31 NI044564 uk-core:ShareCapital 2022-12-31 NI044564 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI044564 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI044564 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI044564 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI044564 uk-bus:FRS102 2023-01-01 2023-12-31 NI044564 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 NI044564 uk-core:VehiclesPlantMachinery 2023-01-01 2023-12-31 NI044564 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI044564 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI044564 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI044564 uk-core:IntangibleAssetsOtherThanGoodwill 2022-12-31 NI044564 uk-core:IntangibleAssetsOtherThanGoodwill 2023-01-01 2023-12-31 NI044564 uk-core:IntangibleAssetsOtherThanGoodwill 2023-12-31 NI044564 uk-core:ParentEntities 2023-01-01 2023-12-31 NI044564 uk-countries:NorthernIreland 2023-01-01 2023-12-31 NI044564 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 NI044564 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
John Shilliday Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023



John Shilliday Ltd
Company Registration Number: NI044564
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 3,323 -
Tangible assets 5 518,861 516,939
───────── ─────────
Fixed Assets 522,184 516,939
───────── ─────────
 
Current Assets
Stocks 352,235 380,505
Debtors 218,369 (14,518)
Cash and cash equivalents 389,085 578,991
───────── ─────────
959,689 944,978
───────── ─────────
Creditors: amounts falling due within one year (217,075) (199,299)
───────── ─────────
Net Current Assets 742,614 745,679
───────── ─────────
Total Assets less Current Liabilities 1,264,798 1,262,618
 
Provisions for liabilities (28,980) (19,953)
───────── ─────────
Net Assets 1,235,818 1,242,665
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 1,235,718 1,242,565
───────── ─────────
Shareholders' Funds 1,235,818 1,242,665
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 5 August 2024 and signed on its behalf by
           
           
________________________________          
Mr John Shilliday          
Director          
           



John Shilliday Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
John Shilliday Ltd is a private company limited by shares incorporated in Northern Ireland. The registered office address is 75-77 Main Street, Castlewellan, Co. Down BT31 9DQ, which is also the principal place of business of the company. The company registration number is NI044564.

The financial statements cover the individual entity John Shilliday Ltd, for the year ended 31 December 2023.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Turnover from the provision of goods is recognised when the risks & rewards of ownership have been transferred to the customer.
 
Intangible assets
 
Computer Software
IT Software is valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over its estimated useful life of 5 years.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 4% Straight Line
  Plant and machinery - 12.5% Straight Line
  Fixtures, fittings and equipment - 10% Straight Line
  Motor vehicles - 10% Straight Line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value on a first in first out basis.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was as follows:
 
  2023 2022
  Number Number
 
Employees 13 13
  ═════════ ═════════
     
4. Intangible assets
  Computer
  Software
  £
Cost
At 1 January 2023 -
Additions 3,988
  ─────────
At 31 December 2023 3,988
  ─────────
Amortisation
Charge for financial year 665
  ─────────
At 31 December 2023 665
  ─────────
Net book value
At 31 December 2023 3,323
  ═════════
             
5. Tangible assets
  Long Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost or Valuation
At 1 January 2023 410,354 294,965 141,112 100,485 946,916
Additions - - 8,135 38,550 46,685
Disposals - - (47,319) (20,652) (67,971)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 410,354 294,965 101,928 118,383 925,630
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 - 248,161 117,061 64,755 429,977
Charge for the financial year 7,414 9,199 4,590 10,066 31,269
On disposals - - (43,163) (11,314) (54,477)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2023 7,414 257,360 78,488 63,507 406,769
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 402,940 37,605 23,440 54,876 518,861
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2022 410,354 46,804 24,051 35,730 516,939
  ═════════ ═════════ ═════════ ═════════ ═════════
   
6. Parent company
 
The company regards Aughacullion Limited, a company incorporated in Northern Ireland, as both its parent company and ultimate parent company. The address of Aughacullion Limited is 75-77 Main Street, Castlewellan, Co. Down, BT31 9DQ, Northern Ireland. Aughacullion Limited is regarded as both the controlling party and the ultimate controlling party.
 
       
7. Related party transactions
 
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
       
8. Pension commitments
 
The company operates a defined contribution pension scheme for the benefit of employees. The assets of the scheme are held in an independently administered fund. At the balance sheet date, unpaid contributions of £819 (2022: £760) were due to the fund. They are included in creditors: amounts falling due within one year.