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REGISTERED NUMBER: NI030996 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Carnmore Stone Limited

Carnmore Stone Limited (Registered number: NI030996)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carnmore Stone Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A McAviney





SECRETARY: Mr A McAviney





REGISTERED OFFICE: 95 Moorlough Road
Newtownbutler
Enniskillen
Co. Fermanagh
BT92 8BJ





REGISTERED NUMBER: NI030996 (Northern Ireland)





ACCOUNTANTS: Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT71 6AW

Carnmore Stone Limited (Registered number: NI030996)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,557 19,161

CURRENT ASSETS
Stocks 72,785 97,785
Debtors 5 13,960 18,757
Cash at bank 173 21,897
86,918 138,439
CREDITORS
Amounts falling due within one year 6 176,234 134,645
NET CURRENT (LIABILITIES)/ASSETS (89,316 ) 3,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,759

)

22,955

CREDITORS
Amounts falling due after more than one
year

7

10,737

20,647
NET (LIABILITIES)/ASSETS (84,496 ) 2,308

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (84,498 ) 2,306
(84,496 ) 2,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Carnmore Stone Limited (Registered number: NI030996)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:





Mr A McAviney - Director


Carnmore Stone Limited (Registered number: NI030996)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Carnmore Stone Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Carnmore Stone Limited (Registered number: NI030996)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 91,579
DEPRECIATION
At 1 June 2023 72,418
Charge for year 3,604
At 31 May 2024 76,022
NET BOOK VALUE
At 31 May 2024 15,557
At 31 May 2023 19,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 11,315 18,757
Other debtors 2,645 -
13,960 18,757

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 9,911 9,911
Trade creditors 36,429 44,702
Tax 18,575 19,872
Social security and other taxes 11,541 24,976
VAT - 6,688
Capital One credit card 4,515 1,346
Other creditors 24,408 -
Directors' current accounts 69,605 26,150
Accruals and deferred income 1,250 1,000
176,234 134,645

Carnmore Stone Limited (Registered number: NI030996)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 10,737 20,647