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REGISTERED NUMBER: NI621265 (Northern Ireland)















INDRISH LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






INDRISH LTD (REGISTERED NUMBER: NI621265)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INDRISH LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mary Gillian O'Donnell
Damien Joseph O'Donnell





REGISTERED OFFICE: 974 Glenshane Road
Dungiven
Co. Derry
BT47 4SD





REGISTERED NUMBER: NI621265 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

INDRISH LTD (REGISTERED NUMBER: NI621265)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 794,402 759,715

CURRENT ASSETS
Inventories 6 51,965 47,276
Receivables 7 6,310 8,563
Cash at bank and in hand 107,930 108,625
166,205 164,464
PAYABLES
Amounts falling due within one year 8 (304,224 ) (286,494 )
NET CURRENT LIABILITIES (138,019 ) (122,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,383

637,685

PAYABLES
Amounts falling due after more than
one year

9

(13,301

)

(23,043

)

PROVISIONS FOR LIABILITIES - (11,202 )
NET ASSETS 643,082 603,440

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 643,081 603,439
SHAREHOLDERS' FUNDS 643,082 603,440

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each 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.

INDRISH LTD (REGISTERED NUMBER: NI621265)

Statement of Financial Position - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




Mary Gillian O'Donnell - Director



Damien Joseph O'Donnell - Director


INDRISH LTD (REGISTERED NUMBER: NI621265)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Indrish Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain non current assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

The carrying values of property, plant and equipment are reviewed annually for impairment in
periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure
incurred in the normal course of business in bringing inventories 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INDRISH LTD (REGISTERED NUMBER: NI621265)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 43 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 May 2023 700,753 200,747 17,700 919,200
Additions - 30,449 22,500 52,949
At 30 April 2024 700,753 231,196 40,200 972,149
DEPRECIATION
At 1 May 2023 - 150,674 8,811 159,485
Charge for year - 12,588 5,674 18,262
At 30 April 2024 - 163,262 14,485 177,747
NET BOOK VALUE
At 30 April 2024 700,753 67,934 25,715 794,402
At 30 April 2023 700,753 50,073 8,889 759,715

6. INVENTORIES
2024 2023
£ £
Inventories 51,965 47,276

7. RECEIVABLES
2024 2023
£ £
Trade receivables - 8,563
Other receivables 6,310 -
6,310 8,563

INDRISH LTD (REGISTERED NUMBER: NI621265)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,644 10,644
Trade payables 83,369 63,210
Amounts owed to group undertakings 150,088 181,076
Taxation and social security 40,695 33,043
Other payables 19,428 (1,479 )
304,224 286,494

The amounts owed to related undertakings are interest free and repayable on demand.

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 13,301 23,043

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary 1 1 1