COMPANY REGISTRATION NUMBER:
NI056148
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 June 2024
Current assets
Cash at bank and in hand |
3,381 |
|
3,015 |
|
|
|
|
Creditors: amounts falling due within one year |
4 |
2,763 |
|
– |
|
------- |
|
------- |
Net current assets |
|
618 |
3,015 |
|
|
---- |
------- |
Total assets less current liabilities |
|
618 |
3,015 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
5 |
|
501,181 |
501,181 |
|
|
--------- |
--------- |
Net liabilities |
|
(
500,563) |
(
498,166) |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
300 |
300 |
Share premium account |
|
524,300 |
524,300 |
Profit and loss account |
|
(
1,025,163) |
(
1,022,766) |
|
|
------------ |
------------ |
Shareholders deficit |
|
(
500,563) |
(
498,166) |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
10 March 2025
, and are signed on behalf of the board by:
Company registration number:
NI056148
Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 6 Edward Street, Lurgan, Co. Armagh, Northern Ireland, BT66 6DB.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
Going Concern The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future having adequate funds to meet their obligations as they fall due. The validity of this assumption depends on: i) the continued support of the company's shareholders; ii) an improvement in market conditions. The directors recognise that the company's position has been weakened by the effects of the declining building and construction market in recent years. The director believes that in spite of the uncertain conditions in the market they have a reasonable expectation that the company will continue to trade for the next twelve months. On this basis the director consider it appropriate to prepare the accounts on a going concern basis. The accounts do not contain any adjustments that would result from failure to secure adequate financial resources.
Financial instruments
The company applies the Amortised Cost Basis of Accounting in accordance with IAS 39 in measuring Financial Assets and Liabilities. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
2,763 |
– |
|
------- |
---- |
|
|
|
5.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
501,181 |
501,181 |
|
--------- |
--------- |
|
|
|
6.
Related party transactions
Tom Maher Jnr and Tom Maher Senior are Directors of Maher Quarries Ltd and Castleforms Limited, and Tom Maher Jnr is Director of IntegraSpec Trading Ltd. Maher Quarries Ltd (ROI) holds 30,000 £0.01 Ordinary Shares in IntegraSpec G.B. Ltd at a cost of £225,000 (Premium of £224,700). There is a net balance due from Integraspec GB Ltd to Maher Quarries Ltd of £297,630.52 as at the Statement of Financial Position date.