Registered number
NI652161
Rooney Equine Ltd
Filleted Accounts
30 April 2024
Rooney Equine Ltd
Registered number: NI652161
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,750 45,495
Current assets
Stocks 43,861 40,225
Cash at bank and in hand 1,302 14,227
45,163 54,452
Creditors: amounts falling due within one year 4 (76,920) (79,467)
Net current liabilities (31,757) (25,015)
Net (liabilities)/assets (5,007) 20,480
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,107) 20,380
Shareholder's funds (5,007) 20,480
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Rooney
Director
Approved by the board on 27 November 2024
Rooney Equine Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 106,481 13,995 120,476
At 30 April 2024 106,481 13,995 120,476
Depreciation
At 1 May 2023 63,785 11,196 74,981
Charge for the year 15,946 2,799 18,745
At 30 April 2024 79,731 13,995 93,726
Net book value
At 30 April 2024 26,750 - 26,750
At 30 April 2023 42,696 2,799 45,495
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (2,207) (3,574)
Other creditors 79,127 83,041
76,920 79,467
5 Other information
Rooney Equine Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Ballagh Road
Co Down
Northern Ireland
BT33 0LA
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