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Black's Tractors Limited
Registered Number:NI623988
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2024
Black's Tractors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI623988
As at 30 April 2024
Black's Tractors Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
28,364
28,335
2
28,364
28,335
Current assets
Inventories
129,519
167,493
3
Trade and other receivables
8,135
15,658
4
16,081
Cash and cash equivalents
1,783
184,934
153,735
Trade and other payables: amounts falling due within one
year
(92,952)
(95,247)
5
60,783
89,687
Net current assets
Total assets less current liabilities
118,051
89,118
Trade and other payables: amounts falling due after more
than one year
(70,738)
(86,870)
6
31,181
Net assets
18,380
Capital and reserves
Called up share capital
1
1
Retained earnings
31,180
18,379
31,181
18,380
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Aidan Black Director
These financial statements were approved and authorised for issue by the Board on 20 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Black's Tractors Limited
Notes to the Financial Statements
Statutory Information
Black's Tractors Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI623988.
Registered address:
46 Navan Fort Road
Armagh
Armagh
BT60 4PN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2 Straight line
Plant and Machinery
15 Reducing balance
20 Reducing balance
Computer Equipment
15 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 May 2023
55,051
832
5,029
40,090
9,100
3,788
388
3,400
-
-
Additions
At 30 April 2024
40,090
8,429
1,220
58,839
9,100
Provision for depreciation and impairment
At 01 May 2023
26,716
406
3,659
22,105
546
Charge for year
3,759
163
716
2,698
182
At 30 April 2024
30,475
569
4,375
24,803
728
At 30 April 2024
Net book value
8,372
15,287
4,054
651
28,364
At 30 April 2023
8,554
17,985
1,370
426
28,335
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5
For the year ended 30 April 2024
Black's Tractors Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
167,493
129,519
4. Trade and other receivables
2023
2024
£
£
Trade debtors
15,658
8,135
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
5,580
5,580
Trade creditors
25,957
11,212
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
-
23,830
Taxation and social security
6,158
5,929
Other creditors
57,552
46,401
95,247
92,952
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
6,870
10,738
Other creditors
80,000
60,000
86,870
70,738
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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