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
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
Castle Archdale Retail Ltd
Statement of financial position
as at 30 April 2024
Intangible assets
65,000
65,000
Tangible assets
355,651
382,435
Inventories
134,351
139,555
Cash at bank and in hand
327,867
351,003
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
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
Castle Archdale Retail Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 are valued at the lower of cost ad net realisable value, after making due allowance for obsolete and slow moving items.
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
Castle Archdale Retail Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
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
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
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
Amounts falling due within one year
Accrued income and prepayments
5,805
5,563
Amounts falling due after more than one year
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
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
Loans from directors
55,310
4,486
Deferred income
77,325
116,464
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).