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Company registration number: NI614722
Minus 20 Ltd
Unaudited filleted financial statements
31 October 2023
Minus 20 Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Minus 20 Ltd
Directors and other information
Directors Roisin Brown
Company number NI614722
Registered office 18 Sheepbridge Road
Newry
Co Down
BT34 1SS
Accountants McPolin & Murdock
37 Church Street
Warrenpoint
Co Down
BT34 3HN
Bankers Santander
3 Margaret Square
Newry
Co Down
BT34 1JA
Minus 20 Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Minus 20 Ltd
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Minus 20 Ltd for the year ended 31 October 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Minus 20 Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Minus 20 Ltd and state those matters that we have agreed to state to the board of directors of Minus 20 Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Minus 20 Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Minus 20 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Minus 20 Ltd. You consider that Minus 20 Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Minus 20 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
McPolin & Murdock
Chartered Accountants
37 Church Street
Warrenpoint
Co Down
BT34 3HN
29 October 2024
Minus 20 Ltd
Statement of financial position
31 October 2023
2023 2022
£ £ £ £
Fixed assets 29,163 34,339
_______ _______
Current assets 3,696 5,780
Prepayments and accrued income 42 1,625
_______ _______
3,738 7,405
Creditors: amounts falling due within one year ( 245,267) ( 208,417)
_______ _______
Net current liabilities ( 241,529) ( 201,012)
_______ _______
Total assets less current liabilities ( 212,366) ( 166,673)
Creditors: amounts falling due after more than one year ( 38,534) ( 40,144)
Accruals and deferred income ( 12,716) ( 16,757)
_______ _______
Net liabilities ( 263,616) ( 223,574)
_______ _______
Capital and reserves ( 263,616) ( 223,574)
_______ _______
Notes to the financial statements
Minus 20 Ltd
Year ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Roisin Brown ( 194,064) ( 42,809) ( 236,873)
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Roisin Brown ( 162,011) ( 32,053) ( 194,064)
_______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Roisin Brown
Director
Company registration number: NI614722
The company is a private company limited by shares, registered in Northern Ireland.