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 construction of residential and commercial property. 20 January 2025 9 9 NI639913 2024-04-30 NI639913 2023-04-30 NI639913 2022-04-30 NI639913 2023-05-01 2024-04-30 NI639913 2022-05-01 2023-04-30 NI639913 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI639913 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI639913 uk-bus:AbridgedAccounts 2023-05-01 2024-04-30 NI639913 uk-core:ShareCapital 2024-04-30 NI639913 uk-core:ShareCapital 2023-04-30 NI639913 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI639913 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI639913 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI639913 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI639913 uk-bus:FRS102 2023-05-01 2024-04-30 NI639913 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI639913 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI639913 uk-core:MotorVehicles 2023-05-01 2024-04-30 NI639913 uk-core:ParentEntities 2023-05-01 2024-04-30 NI639913 uk-countries:NorthernIreland 2023-05-01 2024-04-30 NI639913 uk-bus:Director1 2023-05-01 2024-04-30 NI639913 uk-bus:Director2 2023-05-01 2024-04-30 NI639913 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Carrickmacstay Developments Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 April 2024



Carrickmacstay Developments Ltd
Company Registration Number: NI639913
ABRIDGED BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 28,716 37,339
───────── ─────────
 
Current Assets
Stocks 457,664 444,000
Debtors 941,769 660,968
Cash at bank and in hand 57,132 475,652
───────── ─────────
1,456,565 1,580,620
───────── ─────────
Creditors: amounts falling due within one year (988,148) (1,181,323)
───────── ─────────
Net Current Assets 468,417 399,297
───────── ─────────
Total Assets less Current Liabilities 497,133 436,636
 
Creditors:
amounts falling due after more than one year - (4,553)
 
Provisions for liabilities (7,179) (7,094)
───────── ─────────
Net Assets 489,954 424,989
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 489,854 424,889
───────── ─────────
Shareholders' Funds 489,954 424,989
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged 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 20 January 2025 and signed on its behalf by
           
           
________________________________          
Arthur King          
Director          
           
           
________________________________
Francis King
Director
           



Carrickmacstay Developments Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Carrickmacstay Developments Ltd is a private company limited by shares and incorporated in Northern Ireland. 10 Clontafleece Road, Warrenpoint, Co. Down, BT34 3QS, Northern Ireland is the registered office, which is also the principal place of business of the company. The company registration number is NI639913. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity, Carrickmacstay Developments Ltd for the year ended 30th April 2024.
         
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 and profits
Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.
 
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:
 
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 25% Straight line
 
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 and work in progress
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost of long term contracts includes all direct costs and attributable profits. Provision is made in full for any foreseeable losses.

Long term contracts are assessed on a contract by contract basis and reflected in the Profit and Loss Account by recording turnover and related costs as contract activity progresses. No profit is recognised until the outcome of a long term contract can be assessed with reasonable certainty. Work in progress represents costs incurred net of amounts transferred to costs of sales, less foreseeable losses and applicable payments on account not matched with turnover.
 
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.
 
Cash at bank and in hand
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
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.
 
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.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The employee numbers in the year were as follows:
 
  2024 2023
  Number Number
 
Employees 9 9
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 May 2023 39,017 7,437 5,148 51,602
Additions 1,200 - - 1,200
  ───────── ───────── ───────── ─────────
At 30 April 2024 40,217 7,437 5,148 52,802
  ───────── ───────── ───────── ─────────
Depreciation
At 1 May 2023 9,603 3,630 1,030 14,263
Charge for the financial year 7,883 1,116 824 9,823
  ───────── ───────── ───────── ─────────
At 30 April 2024 17,486 4,746 1,854 24,086
  ───────── ───────── ───────── ─────────
Net book value
At 30 April 2024 22,731 2,691 3,294 28,716
  ═════════ ═════════ ═════════ ═════════
At 30 April 2023 29,414 3,807 4,118 37,339
  ═════════ ═════════ ═════════ ═════════
   
5. Parent company
 
The company regards Carrickmacstay Holdings Limited as its parent company. The companys ultimate parent undertaking is Carrickmacstay Holdings Limited. The address of Carrickmacstay Holdings Limited is 10 Clontafleece Road, Warrenpoint, Newry, United Kingdom, BT34 3QS.
 
       
6. Pension commitments
 
The company operates a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date there was £380 (2023 : £452) due to the fund. They are included in creditors: amounts falling due within one year.
       
7. Related party transactions
 
The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.