1 January 2024 false Taxfiler 2024.6 NI649795business:PrivateLimitedCompanyLtd2024-01-012024-12-31 NI6497952023-12-31 NI6497952024-01-012024-12-31 NI649795business:AuditExemptWithAccountantsReport2024-01-012024-12-31 NI649795business:FilletedAccounts2024-01-012024-12-31 NI6497952024-12-31 NI649795business:Director12024-01-012024-12-31 NI649795business:RegisteredOffice2024-01-012024-12-31 NI6497952023-12-31 NI649795core:WithinOneYear2024-12-31 NI649795core:WithinOneYear2023-12-31 NI649795core:AfterOneYear2024-12-31 NI649795core:AfterOneYear2023-12-31 NI649795core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 NI649795core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 NI649795core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 NI649795core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 NI649795core:PreviouslyStatedAmount2024-12-31 NI649795core:PreviouslyStatedAmount2023-12-31 NI649795business:SmallEntities2024-01-012024-12-31 NI649795countries:NorthernIreland2024-01-012024-12-31 NI649795core:PlantMachinery2024-01-012024-12-31 NI649795core:MotorVehicles2024-01-012024-12-31 NI649795core:ComputerEquipment2024-01-012024-12-31 NI649795core:PlantMachinery2023-12-31 NI649795core:MotorVehicles2023-12-31 NI649795core:ComputerEquipment2023-12-31 NI649795core:PlantMachinery2024-12-31 NI649795core:MotorVehicles2024-12-31 NI649795core:ComputerEquipment2024-12-31 NI649795core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-12-31 NI649795core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-12-31 NI649795business:OrdinaryShareClass12024-01-012024-12-31 NI649795business:OrdinaryShareClass12023-01-012023-12-31 NI6497952023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI649795 (Northern Ireland)
Tara Support Services Limited Unaudited accounts for the year ended 31 December 2024
Tara Support Services Limited Unaudited accounts Contents
Page
- 2 -
Tara Support Services Limited Company Information for the year ended 31 December 2024
Director
Adrian Phelan
Company Number
NI649795 (Northern Ireland)
Registered Office
The Hub 6 Margaret Street Newry BT34 1DF Northern Ireland
Accountants
Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry Northern Ireland BT48 0LU
- 3 -
Tara Support Services Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,962 
19,754 
Current assets
Debtors
334 
795 
Cash at bank and in hand
3,399 
17,065 
3,733 
17,860 
Creditors: amounts falling due within one year
(44,198)
(43,939)
Net current liabilities
(40,465)
(26,079)
Total assets less current liabilities
(21,503)
(6,325)
Creditors: amounts falling due after more than one year
(2,152)
(7,108)
Net liabilities
(23,655)
(13,433)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(23,656)
(13,434)
Shareholders' funds
(23,655)
(13,433)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2025 and were signed on its behalf by
Adrian Phelan Director Company Registration No. NI649795
- 4 -
Tara Support Services Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Tara Support Services Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI649795. The registered office is The Hub, 6 Margaret Street, Newry, BT34 1DF, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% reducing balance
Computer equipment
33% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due. The company is in compliance with its auto enrollment obligations for all qualifying employees.
- 5 -
Tara Support Services Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
21,812 
19,990 
4,397 
46,199 
Additions
7,210 
- 
- 
7,210 
At 31 December 2024
29,022 
19,990 
4,397 
53,409 
Depreciation
At 1 January 2024
10,857 
12,894 
2,694 
26,445 
Charge for the year
5,318 
1,419 
1,265 
8,002 
At 31 December 2024
16,175 
14,313 
3,959 
34,447 
Net book value
At 31 December 2024
12,847 
5,677 
438 
18,962 
At 31 December 2023
10,955 
7,096 
1,703 
19,754 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
7,096 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
111 
- 
Accrued income and prepayments
223 
795 
334 
795 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,500 
4,500 
VAT
- 
137 
Trade creditors
34 
8 
Taxes and social security
- 
(202)
Other creditors
19,290 
28,435 
Loans from directors
20,374 
11,061 
44,198 
43,939 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,152 
7,108 
- 6 -
Tara Support Services Limited Notes to the Accounts for the year ended 31 December 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
Mr A Phelan was the director and shareholder of the company during the period. The following transactions arose between the director and the company during the 2024 year. Company expenses paid by director - £109 Personal expenses paid by company - £472 The amount owed to the director at the year-end date was £10,698. This is disclosed at creditors falling due within one year at note 6. No interest is being charged by the director on this account. The amount is repayable upon demand. The company was supported in part during the year by an associated business registered in Ireland. Mr A Phelan has a controlling interest in the Irish business. During the 2024 year, the following transactions arose: Payments to Irish company - £0 The amount owed to the Irish company at the year-end date was £19,291. This is included at note 6. No interest is being charged on this debt. The amount is repayable upon demand.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -