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REGISTERED NUMBER: NI071584 (Northern Ireland)















CNI NORTHERN IRELAND LTD

Unaudited Financial Statements for the Year Ended 31 January 2024






CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CNI NORTHERN IRELAND LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Adrian Corrigan





REGISTERED OFFICE: Monaghan Rd
Aughnacloy
Co. Tyrone
BT69 6AJ





REGISTERED NUMBER: NI071584 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)

Statement of Financial Position
31 JANUARY 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 54,381 53,783

CURRENT ASSETS
Inventories 7,500 7,500
Receivables 6 173,321 219,863
Cash at bank 80,573 48,238
261,394 275,601
PAYABLES
Amounts falling due within one year 7 (177,677 ) (172,716 )
NET CURRENT ASSETS 83,717 102,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,098

156,668

PAYABLES
Amounts falling due after more than
one year

8

(9,684

)

(20,148

)

PROVISIONS FOR LIABILITIES (1,176 ) (1,176 )
NET ASSETS 127,238 135,344

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 127,237 135,343
127,238 135,344

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 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.

CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)

Statement of Financial Position - continued
31 JANUARY 2024


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 27 August 2024 and were signed by:





Adrian Corrigan - Director


CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

CNI Northern Ireland Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 25% straight line
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. ACCOUNTING POLICIES - continued

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2023 38,183 92,067 39,852 26,250 196,352
Additions - - 540 5,300 5,840
At 31 January 2024 38,183 92,067 40,392 31,550 202,192
DEPRECIATION
At 1 February 2023 - 91,465 33,159 17,945 142,569
Charge for year - 600 1,727 2,915 5,242
At 31 January 2024 - 92,065 34,886 20,860 147,811
NET BOOK VALUE
At 31 January 2024 38,183 2 5,506 10,690 54,381
At 31 January 2023 38,183 602 6,693 8,305 53,783

6. RECEIVABLES
2024 2023
£ £
Trade receivables 166,413 144,012
Amounts owed by group undertakings - 75,851
Other receivables 6,908 -
173,321 219,863

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 6,994 8,195
Hire purchase contracts 3,533 5,300
Trade payables 35,860 103,042
Amounts owed to group undertakings 26,875 -
Taxation and social security 4,218 15,728
Other payables 100,197 40,451
177,677 172,716

CNI NORTHERN IRELAND LTD (REGISTERED NUMBER: NI071584)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 9,684 16,615
Hire purchase contracts - 3,533
9,684 20,148

The bank loan is secured by the company by a fixed charge over company assets.

Hire purchase liabilities are secured on the assets to which they relate.

9. RELATED PARTY DISCLOSURES

At the year end, a balance of 6,908.05 is owed to the company (2023; £254.39 was owed to the company).