Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI045351 Mr Martin Neeson Mr Niall Magee Mrs Fionnuala Neeson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI045351 2023-03-31 NI045351 2024-03-31 NI045351 2023-04-01 2024-03-31 NI045351 frs-core:Non-currentFinancialInstruments 2024-03-31 NI045351 frs-core:ComputerEquipment 2023-04-01 2024-03-31 NI045351 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI045351 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI045351 frs-core:ShareCapital 2024-03-31 NI045351 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI045351 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI045351 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI045351 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI045351 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI045351 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI045351 frs-bus:Director1 2023-04-01 2024-03-31 NI045351 frs-bus:Director2 2023-04-01 2024-03-31 NI045351 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 NI045351 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI045351 2022-03-31 NI045351 2023-03-31 NI045351 2022-04-01 2023-03-31 NI045351 frs-core:Non-currentFinancialInstruments 2023-03-31 NI045351 frs-core:ShareCapital 2023-03-31 NI045351 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI045351
M & N Contracts Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
J.A.McNicholl & Company Ltd
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: NI045351
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,262 45,896
51,262 45,896
CURRENT ASSETS
Stocks 24,563 22,042
Debtors 57,890 40,287
Cash at bank and in hand 86,566 88,878
169,019 151,207
Creditors: Amounts Falling Due Within One Year (72,074 ) (96,238 )
NET CURRENT ASSETS (LIABILITIES) 96,945 54,969
TOTAL ASSETS LESS CURRENT LIABILITIES 148,207 100,865
Creditors: Amounts Falling Due After More Than One Year (5,806 ) -
NET ASSETS 142,401 100,865
CAPITAL AND RESERVES
Called up share capital 5 300 300
Income Statement 142,101 100,565
SHAREHOLDERS' FUNDS 142,401 100,865
Page 1
Page 2
For the year ending 31 March 2024 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Martin Neeson
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
M & N Contracts Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI045351 . The registered office is 18 Market Road, Ballymena, Co Antrim, BT43 6EL.
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.
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%
Motor Vehicles 20%
Computer Equipment 20%
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: 6 (2023: 5)
6 5
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 119,047
Additions 18,182
As at 31 March 2024 137,229
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 73,151
Provided during the period 12,816
As at 31 March 2024 85,967
Net Book Value
As at 31 March 2024 51,262
As at 1 April 2023 45,896
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
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