IRIS Accounts Production v24.2.0.383 NI612427 director 1.7.23 30.6.24 30.6.24 false true false false false true false Issued share capital 2.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6124272023-06-30NI6124272024-06-30NI6124272023-07-012024-06-30NI6124272022-06-30NI6124272022-07-012023-06-30NI6124272023-06-30NI612427ns15:NorthernIreland2023-07-012024-06-30NI612427ns14:PoundSterling2023-07-012024-06-30NI612427ns10:Director12023-07-012024-06-30NI612427ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30NI612427ns10:SmallEntities2023-07-012024-06-30NI612427ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30NI612427ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30NI612427ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30NI612427ns10:FullAccounts2023-07-012024-06-30NI61242712023-07-012024-06-30NI612427ns10:OrdinaryShareClass12023-07-012024-06-30NI612427ns10:RegisteredOffice2023-07-012024-06-30NI612427ns5:CurrentFinancialInstruments2024-06-30NI612427ns5:CurrentFinancialInstruments2023-06-30NI612427ns5:Non-currentFinancialInstruments2024-06-30NI612427ns5:Non-currentFinancialInstruments2023-06-30NI612427ns5:ShareCapital2024-06-30NI612427ns5:ShareCapital2023-06-30NI612427ns5:RetainedEarningsAccumulatedLosses2024-06-30NI612427ns5:RetainedEarningsAccumulatedLosses2023-06-30NI612427ns5:NetGoodwill2023-07-012024-06-30NI612427ns5:NetGoodwill2023-06-30NI612427ns5:NetGoodwill2024-06-30NI612427ns5:NetGoodwill2023-06-30NI612427ns5:LandBuildings2023-06-30NI612427ns5:PlantMachinery2023-06-30NI612427ns5:FurnitureFittings2023-06-30NI612427ns5:MotorVehicles2023-06-30NI612427ns5:LandBuildings2023-07-012024-06-30NI612427ns5:PlantMachinery2023-07-012024-06-30NI612427ns5:FurnitureFittings2023-07-012024-06-30NI612427ns5:MotorVehicles2023-07-012024-06-30NI612427ns5:LandBuildings2024-06-30NI612427ns5:PlantMachinery2024-06-30NI612427ns5:FurnitureFittings2024-06-30NI612427ns5:MotorVehicles2024-06-30NI612427ns5:LandBuildings2023-06-30NI612427ns5:PlantMachinery2023-06-30NI612427ns5:FurnitureFittings2023-06-30NI612427ns5:MotorVehicles2023-06-30NI612427ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30NI612427ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30NI612427ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: NI612427 (Northern Ireland)















MENIN LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






MENIN LIMITED (REGISTERED NUMBER: NI612427)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MENIN LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Barry Hayes





REGISTERED OFFICE: 146 Pomeroy Road
Dungannon
Co. Tyrone
BT71 2TY





REGISTERED NUMBER: NI612427 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MENIN LIMITED (REGISTERED NUMBER: NI612427)

Statement of Financial Position
30 JUNE 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 87,646 43,109
87,646 43,109

CURRENT ASSETS
Receivables 7 347,547 396,280
Cash at bank 7,523 3,484
355,070 399,764
PAYABLES
Amounts falling due within one year 8 (160,340 ) (194,810 )
NET CURRENT ASSETS 194,730 204,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,376

248,063

PAYABLES
Amounts falling due after more than
one year

9

(29,348

)

(39,386

)
NET ASSETS 253,028 208,677

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 253,026 208,675
SHAREHOLDERS' FUNDS 253,028 208,677

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 June 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.

MENIN LIMITED (REGISTERED NUMBER: NI612427)

Statement of Financial Position - continued
30 JUNE 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 director and authorised for issue on 4 December 2024 and were signed by:





Barry Hayes - Director


MENIN LIMITED (REGISTERED NUMBER: NI612427)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Menin Limited is a private company limited by shares incorporated in Northern Ireland.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

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

Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Freehold property - 4% Straight Line
Plant and machinery - 20% Straight Line
Motor Vehicles - 25% Reducing Balance
Fixtures and fittings - 25% Straight Line


The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

MENIN LIMITED (REGISTERED NUMBER: NI612427)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 8,062
AMORTISATION
At 1 July 2023
and 30 June 2024 8,062
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 July 2023 48,257 163,203 6,226 - 217,686
Additions - 50,018 8,277 - 58,295
At 30 June 2024 48,257 213,221 14,503 - 275,981
DEPRECIATION
At 1 July 2023 17,456 153,418 3,703 - 174,577
Charge for year 1,930 4,037 2,762 5,029 13,758
At 30 June 2024 19,386 157,455 6,465 5,029 188,335
NET BOOK VALUE
At 30 June 2024 28,871 55,766 8,038 (5,029 ) 87,646
At 30 June 2023 30,801 9,785 2,523 - 43,109

7. RECEIVABLES
2024 2023
£ £
Other receivables 347,547 396,280

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 4,604
Hire purchase contracts 8,190 -
Trade payables 53,105 62,979
Taxation and social security 34,083 114,239
Other payables 64,962 12,988
160,340 194,810

MENIN LIMITED (REGISTERED NUMBER: NI612427)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans - 39,386
Hire purchase contracts 29,348 -
29,348 39,386

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Issued share capital 2 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end an amount of £56,774 (2023: £4,880) was owed to the Director in respect of monies advanced to the Company during the year

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.