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REGISTERED NUMBER: NI668083 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Belfast Ma Limited

Belfast Ma Limited (Registered number: NI668083)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Belfast Ma Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T Finlay
T McCorry





REGISTERED OFFICE: 19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN





BUSINESS ADDRESS: 2 Serpentine Road
BELFAST
BT36 7HA





REGISTERED NUMBER: NI668083 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Belfast Ma Limited (Registered number: NI668083)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,005 92

CURRENT ASSETS
Stocks 6 796 817
Debtors 7 4,925 1,549
Cash at bank 7,502 7,109
13,223 9,475
CREDITORS
Amounts falling due within one year 8 7,466 9,266
NET CURRENT ASSETS 5,757 209
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,762

301

PROVISIONS FOR LIABILITIES 9 150 25
NET ASSETS 6,612 276

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 6,610 274
SHAREHOLDERS' FUNDS 6,612 276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Belfast Ma Limited (Registered number: NI668083)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





T Finlay - Director


Belfast Ma Limited (Registered number: NI668083)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Belfast Ma Limited 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 financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


Belfast Ma Limited (Registered number: NI668083)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023 227
Additions 1,198
At 29 February 2024 1,425
DEPRECIATION
At 1 March 2023 135
Charge for year 285
At 29 February 2024 420
NET BOOK VALUE
At 29 February 2024 1,005
At 28 February 2023 92

Belfast Ma Limited (Registered number: NI668083)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. STOCKS
29/2/24 28/2/23
£    £   
Stocks 796 817

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Tax 4,925 1,069
Prepayments and accrued income - 480
4,925 1,549

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Directors' current accounts 6,266 8,426
Accruals and deferred income 1,200 840
7,466 9,266

9. PROVISIONS FOR LIABILITIES
29/2/24 28/2/23
£    £   
Deferred tax 150 25

Deferred
tax
£   
Balance at 1 March 2023 25
Charge to Statement of Income and Retained Earnings during
year

125
Balance at 29 February 2024 150

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
2 Ordinary £1 2 2

Belfast Ma Limited (Registered number: NI668083)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RESERVES
Retained
earnings
£   

At 1 March 2023 274
Profit for the year 8,336
Dividends (2,000 )
At 29 February 2024 6,610