Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2024 1 April 2023 false 1 April 2024 30 September 2024 30 September 2024 NI606911 Mr ALAN CRAWFORD Mrs MARY CRAWFORD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI606911 2024-03-31 NI606911 2024-09-30 NI606911 2024-04-01 2024-09-30 NI606911 frs-core:CurrentFinancialInstruments 2024-09-30 NI606911 frs-core:Non-currentFinancialInstruments 2024-09-30 NI606911 frs-core:FurnitureFittings 2024-04-01 2024-09-30 NI606911 frs-core:MotorVehicles 2024-04-01 2024-09-30 NI606911 frs-core:ShareCapital 2024-09-30 NI606911 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI606911 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2024-09-30 NI606911 frs-bus:FilletedAccounts 2024-04-01 2024-09-30 NI606911 frs-bus:SmallEntities 2024-04-01 2024-09-30 NI606911 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-09-30 NI606911 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-09-30 NI606911 frs-bus:Director1 2024-04-01 2024-09-30 NI606911 frs-bus:Director2 2024-04-01 2024-09-30 NI606911 frs-countries:NorthernIreland 2024-04-01 2024-09-30 NI606911 2023-03-31 NI606911 2024-03-31 NI606911 2023-04-01 2024-03-31 NI606911 frs-core:CurrentFinancialInstruments 2024-03-31 NI606911 frs-core:Non-currentFinancialInstruments 2024-03-31 NI606911 frs-core:ShareCapital 2024-03-31 NI606911 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI606911
GROOMSPORT NURSERIES LIMITED
Unaudited Financial Statements
For the Period 1 April 2024 to 30 September 2024
JAMES SAVAGE & CO
88 LISTOODER ROAD
SAINTFIELD
BT24 7JX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI606911
30 September 2024 31 March 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 4 - 37,244
Debtors 5 1,359 548
Cash at bank and in hand 40 5,110
1,399 42,902
Creditors: Amounts Falling Due Within One Year 6 (25,695 ) (50,916 )
NET CURRENT ASSETS (LIABILITIES) (24,296 ) (8,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,296 ) (8,014 )
Creditors: Amounts Falling Due After More Than One Year 7 - (7,978 )
NET LIABILITIES (24,296 ) (15,992 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (24,298 ) (15,994 )
SHAREHOLDERS' FUNDS (24,296) (15,992)
Page 1
Page 2
For the period ending 30 September 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 ALAN CRAWFORD
Director
12/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GROOMSPORT NURSERIES LIMITED is a private company, limited by shares, incorporated in Northern Ireland, registered number NI606911 . The registered office is 2 ABBEY PARK, BANGOR, DOWN, BT20 4BY.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading due to insolvency. The financial statements have therefore been prepared under the break-up basis. 
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Motor Vehicles 20%
Fixtures & Fittings 20%
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2024: 3)
3 3
4. Stocks
30 September 2024 31 March 2024
£ £
Stock - 37,244
5. Debtors
30 September 2024 31 March 2024
£ £
Due within one year
Corporation tax recoverable assets 811 -
Other taxes and social security 548 548
1,359 548
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 March 2024
£ £
Trade creditors 4,262 20,884
Bank loans and overdrafts 11,625 5,399
Other loans - 323
VAT 374 663
Accruals and deferred income 900 975
Directors' loan accounts 8,534 22,672
25,695 50,916
7. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 March 2024
£ £
Bank loans - 7,978
Page 4
Page 5
8. Share Capital
30 September 2024 31 March 2024
£ £
Allotted, Called up and fully paid 2 2
Page 5