2 2 George Robinson Limited NI025645 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is general construction and maintenance work Digita Accounts Production Advanced 6.30.9574.0 true true NI025645 2023-10-01 2024-09-30 NI025645 2024-09-30 NI025645 bus:OrdinaryShareClass1 2024-09-30 NI025645 core:CurrentFinancialInstruments 2024-09-30 NI025645 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI025645 core:Goodwill 2024-09-30 NI025645 core:LandBuildings 2024-09-30 NI025645 core:MotorVehicles 2024-09-30 NI025645 core:OtherPropertyPlantEquipment 2024-09-30 NI025645 bus:SmallEntities 2023-10-01 2024-09-30 NI025645 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI025645 bus:FilletedAccounts 2023-10-01 2024-09-30 NI025645 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI025645 bus:RegisteredOffice 2023-10-01 2024-09-30 NI025645 bus:Director1 2023-10-01 2024-09-30 NI025645 bus:Director2 2023-10-01 2024-09-30 NI025645 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 NI025645 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI025645 core:Goodwill 2023-10-01 2024-09-30 NI025645 core:NetGoodwill 2023-10-01 2024-09-30 NI025645 core:LandBuildings 2023-10-01 2024-09-30 NI025645 core:MotorVehicles 2023-10-01 2024-09-30 NI025645 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI025645 core:PlantMachinery 2023-10-01 2024-09-30 NI025645 countries:NorthernIreland 2023-10-01 2024-09-30 NI025645 2023-09-30 NI025645 core:Goodwill 2023-09-30 NI025645 core:LandBuildings 2023-09-30 NI025645 core:MotorVehicles 2023-09-30 NI025645 core:OtherPropertyPlantEquipment 2023-09-30 NI025645 2022-10-01 2023-09-30 NI025645 2023-09-30 NI025645 bus:OrdinaryShareClass1 2023-09-30 NI025645 core:CurrentFinancialInstruments 2023-09-30 NI025645 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI025645 core:LandBuildings 2023-09-30 NI025645 core:MotorVehicles 2023-09-30 NI025645 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI025645

George Robinson Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

George Robinson Limited

(Registration number: NI025645)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

198,844

201,080

 

198,844

201,080

Current assets

 

Stocks

6

100,000

124,750

Debtors

7

2,217

2,870

Cash at bank and in hand

 

1,574,889

1,585,274

 

1,677,106

1,712,894

Creditors: Amounts falling due within one year

8

(61,194)

(60,079)

Net current assets

 

1,615,912

1,652,815

Total assets less current liabilities

 

1,814,756

1,853,895

Provisions for liabilities

(2,291)

(4,977)

Net assets

 

1,812,465

1,848,918

Capital and reserves

 

Called up share capital

9

10,000

10,000

Retained earnings

1,802,465

1,838,918

Shareholders' funds

 

1,812,465

1,848,918

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

George Robinson Limited

(Registration number: NI025645)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mr George Robinson
Director

.........................................
Mrs Doris Rebecca Robinson
Director

 

George Robinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 18 Dernaveagh Road, Ballymena, Co. Antrim, BT43 6TX.

These financial statements were authorised for issue by the Board on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Revenue grants are accounted for under the performance model. Revenue grants that do not impose specified future performance-related conditions are recognised when the grant proceeds are received or receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

George Robinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

George Robinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

George Robinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

75,000

75,000

At 30 September 2024

75,000

75,000

Amortisation

At 1 October 2023

75,000

75,000

At 30 September 2024

75,000

75,000

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Land and buildings
£

Motor vehicles
 £

Plant and Equipment
£

Total
£

Cost or valuation

At 1 October 2023

174,883

36,264

207,482

418,629

Additions

-

3,192

2,566

5,758

At 30 September 2024

174,883

39,456

210,048

424,387

Depreciation

At 1 October 2023

-

13,123

204,426

217,549

Charge for the year

-

6,584

1,410

7,994

At 30 September 2024

-

19,707

205,836

225,543

Carrying amount

At 30 September 2024

174,883

19,749

4,212

198,844

At 30 September 2023

174,883

23,141

3,056

201,080

Included within the net book value of land and buildings above is £174,883 (2023 - £174,883) in respect of freehold land and buildings.
 

 

George Robinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Stocks

2024
£

2023
£

Work in progress

-

750

Other inventories

100,000

124,000

100,000

124,750

7

Debtors

2024
£

2023
£

Prepayments

2,217

1,934

Other debtors

-

936

2,217

2,870

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

193

339

Directors current account

56,795

55,115

Taxation and social security

91

510

Other creditors and accruals

4,115

4,115

61,194

60,079

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000