4 01/03/2023 29/02/2024 2024-02-29 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI643550 2023-03-01 2024-02-29 NI643550 2024-02-29 NI643550 2023-02-28 NI643550 2022-03-01 2023-02-28 NI643550 2023-02-28 NI643550 2022-02-28 NI643550 bus:Director1 2023-03-01 2024-02-29 NI643550 bus:Director2 2023-03-01 2024-02-29 NI643550 core:WithinOneYear 2024-02-29 NI643550 core:WithinOneYear 2023-02-28 NI643550 core:AfterOneYear 2024-02-29 NI643550 core:AfterOneYear 2023-02-28 NI643550 bus:Director1 2023-02-28 NI643550 bus:Director1 2024-02-29 NI643550 bus:Director2 2023-02-28 NI643550 bus:Director2 2024-02-29 NI643550 bus:Director1 2022-02-28 NI643550 bus:Director1 2023-02-28 NI643550 bus:Director2 2023-02-28 NI643550 bus:Director1 2022-03-01 2023-02-28 NI643550 bus:Director2 2022-03-01 2023-02-28 NI643550 bus:Micro-entities 2023-03-01 2024-02-29 NI643550 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 NI643550 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI643550 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI643550 bus:FullAccounts 2023-03-01 2024-02-29
Company registration number: NI643550
Somar Contracts Limited
Unaudited filleted financial statements
29 February 2024
Somar Contracts Limited
Contents
Statement of financial position and notes to the financial statements
Somar Contracts Limited
Statement of financial position
29 February 2024
2024 2023
£ £
Fixed assets 473,059 356,622
_______ _______
Current assets 181,060 183,246
Creditors: amounts falling due within one year ( 185,186) ( 149,565)
_______ _______
Net current (liabilities)/assets ( 4,126) 33,681
_______ _______
Total assets less current liabilities 468,933 390,303
Creditors: amounts falling due after more than one year ( 44,934) ( 56,935)
Accruals and deferred income ( 6,000) ( 14,540)
_______ _______
Net assets 417,999 318,828
_______ _______
Capital and reserves 417,999 318,828
_______ _______
Notes to the financial statements
Somar Contracts Limited
Year ended 29 February 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 2 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Ruairi Kelly 6,816 107,467 ( 115,827) ( 1,544)
Mr Michael Kelly 53,533 93,635 ( 93,139) 54,029
_______ _______ _______ _______
60,349 201,102 ( 208,966) 52,485
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Ruairi Kelly 81,931 28,805 ( 103,921) 6,815
Mr Michael Kelly - 115,574 ( 62,041) 53,533
_______ _______ _______ _______
81,931 144,379 ( 165,962) 60,348
_______ _______ _______ _______
Directors loans are payable on demand. Interest has been applied to all outstanding balances at HM Revenue & Customs official rate.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 11 December 2024 , and are signed on behalf of the board by:
Mr Michael Kelly
Director
Company registration number: NI643550
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 98 Muldonagh Road, Claudy, Londonderry, BT47 4EJ.