McKendry Stoves Limited NI614254 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is sale of stoves Digita Accounts Production Advanced 6.30.9574.0 true true NI614254 2023-01-01 2023-12-31 NI614254 2023-12-31 NI614254 bus:OrdinaryShareClass1 2023-12-31 NI614254 core:CurrentFinancialInstruments 2023-12-31 NI614254 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI614254 core:Goodwill 2023-12-31 NI614254 core:LandBuildings 2023-12-31 NI614254 bus:SmallEntities 2023-01-01 2023-12-31 NI614254 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI614254 bus:FilletedAccounts 2023-01-01 2023-12-31 NI614254 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI614254 bus:RegisteredOffice 2023-01-01 2023-12-31 NI614254 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 NI614254 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI614254 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI614254 core:Buildings 2023-01-01 2023-12-31 NI614254 core:LandBuildings 2023-01-01 2023-12-31 NI614254 countries:NorthernIreland 2023-01-01 2023-12-31 NI614254 2022-12-31 NI614254 core:Goodwill 2022-12-31 NI614254 core:LandBuildings 2022-12-31 NI614254 2022-01-01 2022-12-31 NI614254 2022-12-31 NI614254 bus:OrdinaryShareClass1 2022-12-31 NI614254 core:CurrentFinancialInstruments 2022-12-31 NI614254 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 NI614254 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI614254

McKendry Stoves Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

McKendry Stoves Limited

(Registration number: NI614254)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

10,937

12,187

Current assets

 

Stocks

6

26,090

31,284

Debtors

7

49,193

6,731

Cash at bank and in hand

 

30,463

9,750

 

105,746

47,765

Creditors: Amounts falling due within one year

8

(83,225)

(37,981)

Net current assets

 

22,521

9,784

Net assets

 

33,458

21,971

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

33,358

21,871

Shareholders' funds

 

33,458

21,971

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Mrs Hazel McKendry
Company secretary and director

 

McKendry Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Northern Ireland

These financial statements were authorised for issue by the director on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of these financial statements is sterling and all amounts have been rounded to the nearest £1

Going concern

The financial statements have been prepared on a going concern basis.The director has assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements. As at the date of sign off of the financial statements, the director believes that the company will continue as a going concern and be able to realise its assets and discharge its liabilities in the normal course of business.

Judgements

The preparation of the financial statements requires management to make judgements , estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. actual results may differ from these estimates.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

McKendry Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

5% straight line

stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2023

10,000

10,000

At 31 December 2023

10,000

10,000

Amortisation

At 1 January 2023

10,000

10,000

At 31 December 2023

10,000

10,000

Carrying amount

At 31 December 2023

-

-

 

McKendry Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

25,000

25,000

At 31 December 2023

25,000

25,000

Depreciation

At 1 January 2023

12,813

12,813

Charge for the year

1,250

1,250

At 31 December 2023

14,063

14,063

Carrying amount

At 31 December 2023

10,937

10,937

At 31 December 2022

12,187

12,187

Included within the net book value of land and buildings above is £10,937 (2022 - £12,187) in respect of freehold land and buildings.
 

6

Stocks

2023
£

2022
£

Other inventories

26,090

31,284

7

Debtors

Current

2023
£

2022
£

Trade debtors

5,148

6,731

Other debtors

44,045

-

 

49,193

6,731

 

McKendry Stoves Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,474

9,850

Taxation and social security

1,919

7,315

Accruals and deferred income

2,300

2,200

Other creditors

76,532

18,616

83,225

37,981

9

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary £1 shares of £1 each

100

100

100

100