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
Tara Support Services Limited
Company Information
for the year ended 31 December 2024
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
Tara Support Services Limited
Statement of financial position
as at 31 December 2024
Tangible assets
18,962
19,754
Cash at bank and in hand
3,399
17,065
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)
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
Tara Support Services Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
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
At 31 December 2024
29,022
19,990
4,397
53,409
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
At 31 December 2024
12,847
5,677
438
18,962
At 31 December 2023
10,955
7,096
1,703
19,754
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Accrued income and prepayments
223
795
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,500
4,500
Taxes and social security
-
(202)
Other creditors
19,290
28,435
Loans from directors
20,374
11,061
7
Creditors: amounts falling due after more than one year
2024
2023
Tara Support Services Limited
Notes to the Accounts
for the year ended 31 December 2024
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).