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 design, manufacture, installation and servicing of Integration Systems. 9 October 2024 17 15 NI613366 2024-04-30 NI613366 2023-04-30 NI613366 2022-04-30 NI613366 2023-05-01 2024-04-30 NI613366 2022-05-01 2023-04-30 NI613366 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI613366 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI613366 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI613366 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI613366 uk-core:ShareCapital 2024-04-30 NI613366 uk-core:ShareCapital 2023-04-30 NI613366 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI613366 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI613366 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI613366 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI613366 uk-bus:FRS102 2023-05-01 2024-04-30 NI613366 uk-core:Goodwill 2023-05-01 2024-04-30 NI613366 uk-core:LandBuildings 2023-05-01 2024-04-30 NI613366 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI613366 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI613366 uk-core:MotorVehicles 2023-05-01 2024-04-30 NI613366 uk-core:Goodwill 2023-04-30 NI613366 uk-core:Goodwill 2024-04-30 NI613366 uk-core:CurrentFinancialInstruments 2024-04-30 NI613366 uk-core:CurrentFinancialInstruments 2023-04-30 NI613366 uk-core:WithinOneYear 2024-04-30 NI613366 uk-core:WithinOneYear 2023-04-30 NI613366 uk-core:AfterOneYear 2024-04-30 NI613366 uk-core:AfterOneYear 2023-04-30 NI613366 uk-core:AfterOneYear 2024-04-30 NI613366 uk-core:AfterOneYear 2023-04-30 NI613366 uk-core:OtherMiscellaneousReserve 2023-04-30 NI613366 uk-core:OtherMiscellaneousReserve 2023-05-01 2024-04-30 NI613366 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-04-30 NI613366 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-04-30 NI613366 uk-core:OtherDeferredTax 2024-04-30 NI613366 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-04-30 NI613366 uk-core:OtherMiscellaneousReserve 2024-04-30 NI613366 uk-core:ParentEntities 2023-05-01 2024-04-30 NI613366 2023-05-01 2024-04-30 NI613366 uk-bus:Director1 2023-05-01 2024-04-30 NI613366 uk-bus:Director2 2023-05-01 2024-04-30 NI613366 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI613366
 
 
Global Automation (NI) Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Global Automation (NI) Ltd
Company Registration Number: NI613366
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 58,602 65,114
Tangible assets 5 601,368 64,887
───────── ─────────
Fixed Assets 659,970 130,001
───────── ─────────
 
Current Assets
Stocks 6 129,382 123,791
Debtors 7 771,536 783,824
Cash and cash equivalents 894,228 609,128
───────── ─────────
1,795,146 1,516,743
───────── ─────────
Creditors: amounts falling due within one year 8 (744,150) (583,023)
───────── ─────────
Net Current Assets 1,050,996 933,720
───────── ─────────
Total Assets less Current Liabilities 1,710,966 1,063,721
 
Creditors:
amounts falling due after more than one year 9 (942,008) (571,131)
 
Provisions for liabilities 10 (22,698) (10,371)
───────── ─────────
Net Assets 746,260 482,219
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 746,258 482,217
───────── ─────────
Equity attributable to owners of the company 746,260 482,219
═════════ ═════════
 
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 Directors' 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 directors confirm 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 directors acknowledge 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 Board and authorised for issue on 9 October 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mr. Brian Mullin     Mr. Terry Mullin
Director     Director
           



Global Automation (NI) Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Global Automation (NI) Ltd is a company limited by shares incorporated in Northern Ireland. 2 Glenchuil Road, Dungannon, Co Tyrone, BT70 2DD, Northern Ireland is the registered office, which is also the principal place of business of the company . The nature of the company's operations and its principal activities are set out in the Directors' Report. 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 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 20 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:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
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.  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.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
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.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
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.
 
Research and development
 
Research and development expenditure is written off to the Profit and Loss Account in the year in which it is incurred.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was;
 
  2024 2023
  Number Number
 
Employees 17 15
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2023 130,233 130,233
  ───────── ─────────
 
At 30 April 2024 130,233 130,233
  ───────── ─────────
Amortisation
At 1 May 2023 65,119 65,119
Charge for financial year 6,512 6,512
  ───────── ─────────
At 30 April 2024 71,631 71,631
  ───────── ─────────
Net book value
At 30 April 2024 58,602 58,602
  ═════════ ═════════
At 30 April 2023 65,114 65,114
  ═════════ ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 May 2023 - 62,521 50,822 81,936 195,279
Additions 470,230 3,865 73,171 22,000 569,266
  ───────── ───────── ───────── ───────── ─────────
At 30 April 2024 470,230 66,386 123,993 103,936 764,545
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 May 2023 - 40,068 35,407 54,917 130,392
Charge for the financial year - 5,264 17,717 9,804 32,785
  ───────── ───────── ───────── ───────── ─────────
At 30 April 2024 - 45,332 53,124 64,721 163,177
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 April 2024 470,230 21,054 70,869 39,215 601,368
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 April 2023 - 22,453 15,415 27,019 64,887
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 129,382 123,791
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 641,189 608,623
Taxation 130,347 175,201
  ───────── ─────────
  771,536 783,824
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Payments received on account 244,128 -
Trade creditors 367,406 486,806
Taxation 90,697 55,776
Other creditors 313 1,648
Accruals:
Pension accrual 2,407 1,659
Other accruals 39,199 37,134
  ───────── ─────────
  744,150 583,023
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Amounts owed to group undertakings 742,008 571,131
Directors' loan accounts 200,000 -
  ───────── ─────────
  942,008 571,131
  ═════════ ═════════
 
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 10,371 10,371 13,244
Charged to profit and loss 12,327 12,327 (2,873)
  ───────── ───────── ─────────
At financial year end 22,698 22,698 10,371
  ═════════ ═════════ ═════════
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
During the year the company borrowed £300,000 from the directors and repaid £100,000, leaving a closing balance of £200,000 (2023: £0) owed to the directors.
   
12. Parent company
 
The company regards T&B Group Holdings Ltd as its parent company.