Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI644160 Mr Kevin Meehan Mr Connor Meehan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI644160 2022-12-31 NI644160 2023-12-31 NI644160 2023-01-01 2023-12-31 NI644160 frs-core:CurrentFinancialInstruments 2023-12-31 NI644160 frs-core:Non-currentFinancialInstruments 2023-12-31 NI644160 frs-core:MotorVehicles 2023-12-31 NI644160 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI644160 frs-core:MotorVehicles 2022-12-31 NI644160 frs-core:PlantMachinery 2023-12-31 NI644160 frs-core:PlantMachinery 2023-01-01 2023-12-31 NI644160 frs-core:PlantMachinery 2022-12-31 NI644160 frs-core:ShareCapital 2023-12-31 NI644160 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI644160 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI644160 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI644160 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI644160 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI644160 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI644160 frs-bus:Director1 2023-01-01 2023-12-31 NI644160 frs-bus:Director2 2023-01-01 2023-12-31 NI644160 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI644160 2021-12-31 NI644160 2022-12-31 NI644160 2022-01-01 2022-12-31 NI644160 frs-core:CurrentFinancialInstruments 2022-12-31 NI644160 frs-core:Non-currentFinancialInstruments 2022-12-31 NI644160 frs-core:ShareCapital 2022-12-31 NI644160 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI644160
Carrick Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
AGL Chartered Accountants
Unit 44
Strabane Enterprise Agency
Strabane
Co Tyrone
BT82 9FR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI644160
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,598 50,317
87,598 50,317
CURRENT ASSETS
Stocks 5 220,000 177,500
Debtors 6 102,739 204,769
Cash at bank and in hand 73,923 -
396,662 382,269
Creditors: Amounts Falling Due Within One Year 7 (427,783 ) (318,749 )
NET CURRENT ASSETS (LIABILITIES) (31,121 ) 63,520
TOTAL ASSETS LESS CURRENT LIABILITIES 56,477 113,837
Creditors: Amounts Falling Due After More Than One Year 8 (22,244 ) (36,694 )
NET ASSETS 34,233 77,143
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 33,233 76,143
SHAREHOLDERS' FUNDS 34,233 77,143
Page 1
Page 2
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 Connor Meehan
Director
11/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carrick Engineering Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI644160 . The registered office is 3 Fyfin Road Victoria Bridge Industrial Estate, Victoria Bridge, Strabane, Tyrone, BT82 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: )
8 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 71,929 14,500 86,429
Additions 11,476 49,180 60,656
As at 31 December 2023 83,405 63,680 147,085
Depreciation
As at 1 January 2023 30,212 5,900 36,112
Provided during the period 10,639 12,736 23,375
As at 31 December 2023 40,851 18,636 59,487
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 42,554 45,044 87,598
As at 1 January 2023 41,717 8,600 50,317
5. Stocks
2023 2022
£ £
Finished goods 220,000 177,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 65,998 132,336
Other debtors 36,741 72,433
102,739 204,769
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 80,034 65,936
Bank loans and overdrafts 7,609 22,966
Other creditors 307,000 216,700
Taxation and social security 33,140 13,147
427,783 318,749
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,097 7,994
Other creditors 11,147 28,700
22,244 36,694
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4