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Company Registration No. NI629660 (Northern Ireland)
Castle Archdale Retail Ltd Unaudited accounts for the year ended 30 April 2024
Castle Archdale Retail Ltd Unaudited accounts Contents
Page
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Castle Archdale Retail Ltd Company Information for the year ended 30 April 2024
Director
Catherine Maguire
Company Number
NI629660 (Northern Ireland)
Registered Office
371 Killadeas Road Lisnarick Co Fermanagh BT94 1PN
Accountants
Brenda Kelly MIPA AFA Kelly & Comac Accountants 35 Main Street Trillick Co Tyrone BT78 3SS
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Castle Archdale Retail Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
65,000 
65,000 
Tangible assets
355,651 
382,435 
420,651 
447,435 
Current assets
Inventories
134,351 
139,555 
Debtors
70,805 
5,563 
Cash at bank and in hand
327,867 
351,003 
533,023 
496,121 
Creditors: amounts falling due within one year
(434,184)
(504,022)
Net current assets/(liabilities)
98,839 
(7,901)
Total assets less current liabilities
519,490 
439,534 
Provisions for liabilities
Deferred tax
(65,065)
(54,539)
Net assets
454,425 
384,995 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
454,325 
384,895 
Shareholders' funds
454,425 
384,995 
For the year ending 30 April 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 July 2024 and were signed on its behalf by
Catherine Maguire Director Company Registration No. NI629660
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Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Castle Archdale Retail Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI629660. The registered office is 371 Killadeas Road, Lisnarick, Co Fermanagh, BT94 1PN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: License 0%
Inventories
Inventories are valued at the lower of cost ad net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
10% Reducing balance
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Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
65,000 
At 30 April 2024
65,000 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
65,000 
At 30 April 2023
65,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
95,395 
326,931 
89,334 
3,250 
514,910 
Additions
- 
- 
2,417 
- 
2,417 
At 30 April 2024
95,395 
326,931 
91,751 
3,250 
517,327 
Depreciation
At 1 May 2023
- 
104,111 
27,360 
1,004 
132,475 
Charge for the year
- 
22,282 
6,695 
224 
29,201 
At 30 April 2024
- 
126,393 
34,055 
1,228 
161,676 
Net book value
At 30 April 2024
95,395 
200,538 
57,696 
2,022 
355,651 
At 30 April 2023
95,395 
222,820 
61,974 
2,246 
382,435 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,805 
5,563 
Amounts falling due after more than one year
Other debtors
65,000 
- 
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Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
100,425 
116,967 
VAT
5,271 
1,378 
Obligations under finance leases and hire purchase contracts
14,491 
18,191 
Trade creditors
127,259 
210,788 
Taxes and social security
46,519 
7,966 
Other creditors
- 
21,693 
Loans from directors
55,310 
4,486 
Accruals
7,584 
6,089 
Deferred income
77,325 
116,464 
434,184 
504,022 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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