Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI607305 Mr NORMAN McALLISTER Mrs LORNA McALLISTER Mr Norman and Mrs Lorna McAllister true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI607305 2023-06-30 NI607305 2024-06-30 NI607305 2023-07-01 2024-06-30 NI607305 frs-core:CurrentFinancialInstruments 2024-06-30 NI607305 frs-core:FurnitureFittings 2023-07-01 2024-06-30 NI607305 frs-core:MotorVehicles 2023-07-01 2024-06-30 NI607305 frs-core:PlantMachinery 2024-06-30 NI607305 frs-core:PlantMachinery 2023-07-01 2024-06-30 NI607305 frs-core:PlantMachinery 2023-06-30 NI607305 frs-core:ShareCapital 2024-06-30 NI607305 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI607305 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI607305 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 NI607305 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI607305 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI607305 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI607305 1 2023-07-01 2024-06-30 NI607305 frs-bus:Director1 2023-07-01 2024-06-30 NI607305 frs-bus:Director2 2023-07-01 2024-06-30 NI607305 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI607305 2022-06-30 NI607305 2023-06-30 NI607305 2022-07-01 2023-06-30 NI607305 frs-core:CurrentFinancialInstruments 2023-06-30 NI607305 frs-core:ShareCapital 2023-06-30 NI607305 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: NI607305
Norman McAllister Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Alan Hall Accountancy
7 Dunseark Road
Dungannon
Co Tyrone
BT71 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI607305
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,293 21,162
16,293 21,162
CURRENT ASSETS
Stocks 5 53,350 70,290
Debtors 6 36,172 35,527
Cash at bank and in hand 1,060,239 946,369
1,149,761 1,052,186
Creditors: Amounts Falling Due Within One Year 7 (163,502 ) (167,287 )
NET CURRENT ASSETS (LIABILITIES) 986,259 884,899
TOTAL ASSETS LESS CURRENT LIABILITIES 1,002,552 906,061
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,300 ) (5,600 )
NET ASSETS 998,252 900,461
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 998,052 900,261
SHAREHOLDERS' FUNDS 998,252 900,461
Page 1
Page 2
For the year ending 30 June 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 Profit and Loss Account.
On behalf of the board
Mr NORMAN McALLISTER
Director
Mrs LORNA McALLISTER
Director
27/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Norman McAllister Ltd Registered number NI607305 is a limited by shares company incorporated in Northern Ireland. The Registered Office is 109 Thornhill Road, Dungannon, Co Tyrone, BT70 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2023 74,160
As at 30 June 2024 74,160
...CONTINUED
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Page 4
Depreciation
As at 1 July 2023 52,998
Provided during the period 4,869
As at 30 June 2024 57,867
Net Book Value
As at 30 June 2024 16,293
As at 1 July 2023 21,162
5. Stocks
2024 2023
£ £
Stock 53,350 70,290
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,422 31,549
Other debtors 5,750 3,978
36,172 35,527
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,778 4,588
Other creditors 106,771 127,302
Taxation and social security 49,953 35,397
163,502 167,287
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,300 5,600
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Ultimate Controlling Party
The company's ultimate controlling parties are Mr Norman and Mrs Lorna McAllister by virtue of their ownership of 100% of the issued share capital in the company.
Page 4