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REGISTERED NUMBER: NI047382 (Northern Ireland)












The Yellow Door (Portadown) Ltd

Unaudited Financial Statements for the Year Ended 30th September 2024






The Yellow Door (Portadown) Ltd (Registered number: NI047382)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


The Yellow Door (Portadown) Ltd

Company Information
for the year ended 30th September 2024







Directors: Mr S T Dougan
Mrs J Dougan





Registered office: 74 Woodhouse Street
Portadown
Co. Armagh
BT62 1JL





Registered number: NI047382 (Northern Ireland)





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

The Yellow Door (Portadown) Ltd (Registered number: NI047382)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 606,252 582,704
606,252 582,704

Current assets
Stocks 84,214 127,870
Debtors 6 186,688 351,693
Prepayments and accrued income 3,504 23,915
Cash at bank and in hand 272,981 248,554
547,387 752,032
Creditors
Amounts falling due within one year 7 (412,498 ) (552,497 )
Net current assets 134,889 199,535
Total assets less current liabilities 741,141 782,239

Creditors
Amounts falling due after more than one
year

8

(12,709

)

(27,970

)

Provisions for liabilities (38,269 ) (36,612 )
Net assets 690,163 717,657

Capital and reserves
Called up share capital 100 100
Retained earnings 690,063 717,557
Shareholders' funds 690,163 717,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

The Yellow Door (Portadown) Ltd (Registered number: NI047382)

Balance Sheet - continued
30th September 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 19th February 2025 and were signed on its behalf by:





Mr S T Dougan - Director


The Yellow Door (Portadown) Ltd (Registered number: NI047382)

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

1. Statutory information

The Yellow Door (Portadown) 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
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 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.

The Yellow Door (Portadown) Ltd (Registered number: NI047382)

Notes to the Financial Statements - continued
for the year ended 30th September 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 138 (2023 - 98 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st October 2023
and 30th September 2024 97,092
Amortisation
At 1st October 2023
and 30th September 2024 97,092
Net book value
At 30th September 2024 -
At 30th September 2023 -

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1st October 2023 402,532 688,352 1,090,884
Additions - 3,000 3,000
Disposals - (358,842 ) (358,842 )
At 30th September 2024 402,532 332,510 735,042
Depreciation
At 1st October 2023 15,333 492,847 508,180
Eliminated on disposal - (332,464 ) (332,464 )
Charge written back (15,333 ) (31,593 ) (46,926 )
At 30th September 2024 - 128,790 128,790
Net book value
At 30th September 2024 402,532 203,720 606,252
At 30th September 2023 387,199 195,505 582,704

The Yellow Door (Portadown) Ltd (Registered number: NI047382)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 159,181 337,634
Other debtors 27,507 14,059
186,688 351,693

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,841 10,841
Hire purchase contracts 4,800 4,800
Trade creditors 229,283 330,458
Taxation and social security 60,151 79,862
Other creditors 107,423 126,536
412,498 552,497

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 11,559 22,983
Hire purchase contracts 1,150 4,987
12,709 27,970

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,950 -

The Hire Purchase liability is secured against the asset to which it relates.

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
Mr S T Dougan and Mrs J Dougan
Balance outstanding at start of year 14,059 14,059
Amounts advanced 21,650 -
Amounts repaid (8,202 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,507 14,059