IRIS Accounts Production v24.3.0.553 NI602007 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6020072023-04-30NI6020072024-04-30NI6020072023-05-012024-04-30NI6020072022-04-30NI6020072022-05-012023-04-30NI6020072023-04-30NI602007ns15:NorthernIreland2023-05-012024-04-30NI602007ns14:PoundSterling2023-05-012024-04-30NI602007ns10:Director12023-05-012024-04-30NI602007ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30NI602007ns10:SmallEntities2023-05-012024-04-30NI602007ns10:AuditExemptWithAccountantsReport2023-05-012024-04-30NI602007ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30NI602007ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30NI602007ns10:FullAccounts2023-05-012024-04-30NI60200712023-05-012024-04-30NI602007ns10:RegisteredOffice2023-05-012024-04-30NI602007ns5:CurrentFinancialInstruments2024-04-30NI602007ns5:CurrentFinancialInstruments2023-04-30NI602007ns5:ShareCapital2024-04-30NI602007ns5:ShareCapital2023-04-30NI602007ns5:RetainedEarningsAccumulatedLosses2024-04-30NI602007ns5:RetainedEarningsAccumulatedLosses2023-04-30NI602007ns5:NetGoodwill2023-05-012024-04-30NI602007ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30NI602007ns5:PlantMachinery2023-05-012024-04-30NI602007ns5:FurnitureFittings2023-05-012024-04-30NI602007ns5:NetGoodwill2023-04-30NI602007ns5:NetGoodwill2024-04-30NI602007ns5:NetGoodwill2023-04-30NI602007ns5:PlantMachinery2023-04-30NI602007ns5:FurnitureFittings2023-04-30NI602007ns5:ComputerEquipment2023-04-30NI602007ns5:ComputerEquipment2023-05-012024-04-30NI602007ns5:PlantMachinery2024-04-30NI602007ns5:FurnitureFittings2024-04-30NI602007ns5:ComputerEquipment2024-04-30NI602007ns5:PlantMachinery2023-04-30NI602007ns5:FurnitureFittings2023-04-30NI602007ns5:ComputerEquipment2023-04-30NI602007ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30NI602007ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: NI602007 (Northern Ireland)











Killagan Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Killagan Limited (Registered number: NI602007)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Killagan Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R J Gaston





REGISTERED OFFICE: Unit C11 Carrowreagh Road
Dundonald
Belfast
Co. Down
BT16 1QT





REGISTERED NUMBER: NI602007 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Killagan Limited

Report of the Accountants to the Director of
Killagan Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


11 October 2024

Killagan Limited (Registered number: NI602007)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,459 10,573
8,459 10,573

CURRENT ASSETS
Debtors 6 86,556 36,117
Cash in hand 50 50
86,606 36,167
CREDITORS
Amounts falling due within one year 7 58,614 41,584
NET CURRENT ASSETS/(LIABILITIES) 27,992 (5,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,451

5,156

PROVISIONS FOR LIABILITIES 1,607 2,009
NET ASSETS 34,844 3,147

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 34,843 3,146
SHAREHOLDERS' FUNDS 34,844 3,147

Killagan Limited (Registered number: NI602007)

Balance Sheet - continued
30 April 2024


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 director acknowledges his 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.

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 director and authorised for issue on 11 October 2024 and were signed by:





R J Gaston - Director


Killagan Limited (Registered number: NI602007)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Killagan Limited 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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 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.


Killagan Limited (Registered number: NI602007)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 130,000
AMORTISATION
At 1 May 2023
and 30 April 2024 130,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Killagan Limited (Registered number: NI602007)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 32,566 6,115 1,300 39,981
DEPRECIATION
At 1 May 2023 24,752 4,396 260 29,408
Charge for year 1,562 344 208 2,114
At 30 April 2024 26,314 4,740 468 31,522
NET BOOK VALUE
At 30 April 2024 6,252 1,375 832 8,459
At 30 April 2023 7,814 1,719 1,040 10,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,164
Other debtors 86,556 31,953
86,556 36,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,114 17,910
Trade creditors 5,069 915
Taxation and social security 31,331 20,759
Other creditors 2,100 2,000
58,614 41,584