BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the maintenance and repair of motor vehicles. 22 October 2024 NI674443 2024-04-30 NI674443 2023-04-30 NI674443 2022-04-30 NI674443 2023-05-01 2024-04-30 NI674443 2022-05-01 2023-04-30 NI674443 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI674443 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI674443 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI674443 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI674443 uk-bus:Director1 2023-05-01 2024-04-30 NI674443 uk-bus:RegisteredOffice 2023-05-01 2024-04-30 NI674443 uk-bus:Agent1 2023-05-01 2024-04-30 NI674443 uk-core:ShareCapital 2024-04-30 NI674443 uk-core:ShareCapital 2023-04-30 NI674443 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI674443 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI674443 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI674443 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI674443 uk-bus:FRS102 2023-05-01 2024-04-30 NI674443 uk-core:Goodwill 2023-05-01 2024-04-30 NI674443 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI674443 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI674443 uk-core:MotorVehicles 2023-05-01 2024-04-30 NI674443 uk-core:Goodwill 2023-04-30 NI674443 uk-core:Goodwill 2024-04-30 NI674443 uk-core:WithinOneYear 2024-04-30 NI674443 uk-core:WithinOneYear 2023-04-30 NI674443 2023-05-01 2024-04-30 NI674443 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI674443
 
 
Comiskey Engineering Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Comiskey Engineering Limited
DIRECTOR AND OTHER INFORMATION

 
Director Patrick Comiskey
 
 
Company Registration Number NI674443
 
 
Registered Office and Business Address Mahon Industrial Estate
Mahon Road
Portadown
Co. Armagh
BT62 3EH
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Ulster Bank
  20 High Street
  Portadown
  Craigavon
  Co. Armagh
  BT62 1HU
  United Kingdom



Comiskey Engineering Limited
Company Registration Number: NI674443
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 5 50,000 75,000
Tangible assets 6 135,648 145,034
───────── ─────────
Fixed Assets 185,648 220,034
───────── ─────────
 
Current Assets
Stocks 7 15,000 15,000
Debtors 8 23,865 43,855
Cash and cash equivalents 504,394 410,380
───────── ─────────
543,259 469,235
───────── ─────────
Creditors: amounts falling due within one year 9 (469,157) (487,204)
───────── ─────────
Net Current Assets/(Liabilities) 74,102 (17,969)
───────── ─────────
Total Assets less Current Liabilities 259,750 202,065
═════════ ═════════
 
Capital and Reserves
Called up share capital 200 200
Retained earnings 259,550 201,865
───────── ─────────
Equity attributable to owners of the company 259,750 202,065
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 22 October 2024
           
           
________________________________          
Patrick Comiskey          
Director          
           



Comiskey Engineering Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Comiskey Engineering Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI674443. The registered office of the company is Mahon Industrial Estate, Mahon Road, Portadown, Co. Armagh, BT62 3EH, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the maintenance and repair of motor vehicles. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 10% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks 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.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The comparative figures relate to the  month period ended 30 April 2023.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 9, (2023 - 9).
 
  2024 2023
  Number Number
 
Director(s) 1 1
Employees 8 8
  ───────── ─────────
  9 9
  ═════════ ═════════
       
5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2023 125,000 125,000
  ───────── ─────────
 
At 30 April 2024 125,000 125,000
  ───────── ─────────
Amortisation
At 1 May 2023 50,000 50,000
Charge for financial year 25,000 25,000
  ───────── ─────────
At 30 April 2024 75,000 75,000
  ───────── ─────────
Net book value
At 30 April 2024 50,000 50,000
  ═════════ ═════════
At 30 April 2023 75,000 75,000
  ═════════ ═════════
           
6. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 May 2023 258,372 10,000 10,000 278,372
Additions 7,357 2,075 52,656 62,088
Disposals - - (10,000) (10,000)
  ───────── ───────── ───────── ─────────
At 30 April 2024 265,729 12,075 52,656 330,460
  ───────── ───────── ───────── ─────────
Depreciation
At 1 May 2023 124,879 2,417 6,042 133,338
Charge for the financial year 53,145 1,207 13,164 67,516
On disposals - - (6,042) (6,042)
  ───────── ───────── ───────── ─────────
At 30 April 2024 178,024 3,624 13,164 194,812
  ───────── ───────── ───────── ─────────
Net book value
At 30 April 2024 87,705 8,451 39,492 135,648
  ═════════ ═════════ ═════════ ═════════
At 30 April 2023 133,493 7,583 3,958 145,034
  ═════════ ═════════ ═════════ ═════════
       
7. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 15,000 15,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
8. Debtors 2024 2023
  £ £
 
Trade debtors 23,865 43,855
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 36,649 21,266
Taxation  (Note 10) 43,338 64,156
Director's current account 385,446 398,290
Other creditors 836 604
Accruals 2,888 2,888
  ───────── ─────────
  469,157 487,204
  ═════════ ═════════
       
10. Taxation 2024 2023
  £ £
 
Creditors:
VAT 14,661 15,965
Corporation tax 26,410 45,462
PAYE / NI 2,267 2,729
  ───────── ─────────
  43,338 64,156
  ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 April 2024.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.