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REGISTERED NUMBER: NI064270 (Northern Ireland)












T M Campbell & Son Ltd

Unaudited Financial Statements for the Year Ended 30th April 2024






T M Campbell & Son Ltd (Registered number: NI064270)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


T M Campbell & Son Ltd

Company Information
for the year ended 30th April 2024







Directors: Mr T M Campbell
Mrs C C Campbell



Registered office: Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Registered number: NI064270 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Danske Bank Limited
62-66 Bow Street
Lisburn
Co. Antrim
BT28 1YS

T M Campbell & Son Ltd (Registered number: NI064270)

Balance Sheet
30th April 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 20,000 40,000
Tangible assets 5 333,837 69,984
353,837 109,984

Current assets
Stocks 207,058 201,785
Debtors 6 324,069 135,389
Cash at bank 79,535 46,949
610,662 384,123
Creditors
Amounts falling due within one year 7 (453,672 ) (161,127 )
Net current assets 156,990 222,996
Total assets less current liabilities 510,827 332,980

Creditors
Amounts falling due after more than one
year

8

(368,950

)

(272,267

)
Net assets 141,877 60,713

Capital and reserves
Called up share capital 2 2
Retained earnings 141,875 60,711
Shareholders' funds 141,877 60,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

T M Campbell & Son Ltd (Registered number: NI064270)

Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:




Mr T M Campbell - Director



Mrs C C Campbell - Director


T M Campbell & Son Ltd (Registered number: NI064270)

Notes to the Financial Statements
for the year ended 30th April 2024

1. Statutory information

T M Campbell & Son Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

T M Campbell & Son Ltd (Registered number: NI064270)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st May 2023
and 30th April 2024 40,000
Amortisation
Charge for year 20,000
At 30th April 2024 20,000
Net book value
At 30th April 2024 20,000
At 30th April 2023 40,000

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1st May 2023 20,000 146,384 166,384
Additions - 328,432 328,432
Disposals - (2,500 ) (2,500 )
At 30th April 2024 20,000 472,316 492,316
Depreciation
At 1st May 2023 6,400 90,000 96,400
Charge for year 400 62,096 62,496
Eliminated on disposal - (417 ) (417 )
At 30th April 2024 6,800 151,679 158,479
Net book value
At 30th April 2024 13,200 320,637 333,837
At 30th April 2023 13,600 56,384 69,984

T M Campbell & Son Ltd (Registered number: NI064270)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 283,213 108,000
Other debtors 40,856 27,389
324,069 135,389

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 71,445 4,580
Trade creditors 334,273 115,887
Taxation and social security 32,256 6,310
Other creditors 5,698 24,350
453,672 161,127

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 246,445 256,400
Hire purchase contracts 122,505 15,867
368,950 272,267

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 234,000 234,000
Business interruption loan 12,445 22,400
246,445 256,400

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 256,445 266,400
Hire purchase contracts 193,950 20,447
450,395 286,847

Hire purchase contracts are secured on the assets to which they relate