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REGISTERED NUMBER: 05742248 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

EIRE LIMITED

EIRE LIMITED (REGISTERED NUMBER: 05742248)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EIRE LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mr W Foran
Mr S Blake





SECRETARY: Mr S Blake





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 05742248 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

EIRE LIMITED (REGISTERED NUMBER: 05742248)

BALANCE SHEET
31st October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,048 40,016
Investment property 6 254,996 -
287,044 40,016

CURRENT ASSETS
Stocks 9,092 6,937
Cash at bank 182,659 402,113
191,751 409,050
CREDITORS
Amounts falling due within one year 7 (107,445 ) (94,125 )
NET CURRENT ASSETS 84,306 314,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,350

354,941

CREDITORS
Amounts falling due after more than one
year

8

(15,706

)

(25,336

)

PROVISIONS FOR LIABILITIES (6,015 ) (10,004 )
NET ASSETS 349,629 319,601

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 349,529 319,501
SHAREHOLDERS' FUNDS 349,629 319,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

EIRE LIMITED (REGISTERED NUMBER: 05742248)

BALANCE SHEET - continued
31st October 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th October 2024 and were signed on its behalf by:





Mr S Blake - Director


EIRE LIMITED (REGISTERED NUMBER: 05742248)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Eire Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05742248. The address of the registered office is 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD and the principal place of business is 152 Preston Road, Whittle le Wood, Chorley, PR6 7HE.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Turnover principally consists of Hairdressing and other beauty treatment.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures and Fittings - 15% Reducing Balance
Improvements to property- 10% Straight Line
Motor Vehicles - 20% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


EIRE LIMITED (REGISTERED NUMBER: 05742248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank. Bank borrowings are included within creditors.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 24,000
AMORTISATION
At 1st November 2022
and 31st October 2023 24,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

EIRE LIMITED (REGISTERED NUMBER: 05742248)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2022
and 31st October 2023 17,448 91,642 23,900 132,990
DEPRECIATION
At 1st November 2022 8,126 79,271 5,577 92,974
Charge for year 1,332 1,856 4,780 7,968
At 31st October 2023 9,458 81,127 10,357 100,942
NET BOOK VALUE
At 31st October 2023 7,990 10,515 13,543 32,048
At 31st October 2022 9,322 12,371 18,323 40,016

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 254,996
At 31st October 2023 254,996
NET BOOK VALUE
At 31st October 2023 254,996

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,615 10,498
Trade creditors 10,579 2,435
Taxation and social security 28,861 37,278
Other creditors 57,390 43,914
107,445 94,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,706 25,336

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary "A" £1 50 50
50 Ordinary "B" £1 50 50
100 100