1 January 2024 v2025.23.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPNI6496652024-01-012024-12-31NI6496652024-12-31NI6496652023-12-31NI649665core:WithinOneYear2024-12-31NI649665core:WithinOneYear2023-12-31NI649665core:AfterOneYear2024-12-31NI649665core:AfterOneYear2023-12-31NI649665core:ShareCapital2024-12-31NI649665core:ShareCapital2023-12-31NI649665core:RetainedEarningsAccumulatedLosses2024-12-31NI649665core:RetainedEarningsAccumulatedLosses2023-12-31NI649665bus:Director12024-01-012024-12-31NI649665bus:RegisteredOffice2024-01-012024-12-31NI649665core:LandBuildings2024-01-012024-12-31NI649665core:PlantMachinery2024-01-012024-12-31NI6496652023-01-012023-12-31NI649665core:LandBuildings2024-01-01NI649665core:PlantMachinery2024-01-01NI6496652024-01-01NI649665core:LandBuildings2024-12-31NI649665core:PlantMachinery2024-12-31NI649665core:LandBuildings2023-12-31NI649665core:PlantMachinery2023-12-31NI64966512024-01-012024-12-31NI649665countries:NorthernIreland2024-01-012024-12-31NI649665bus:AuditExemptWithAccountantsReport2024-01-012024-12-31NI649665bus:PrivateLimitedCompanyLtd2024-01-012024-12-31NI649665bus:SmallEntities2024-01-012024-12-31NI649665bus:FullAccounts2024-01-012024-12-31
Company registration number:
NI649665
Tiroony Eggs Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Tiroony Eggs Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Tiroony Eggs Limited
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
Tiroony Eggs Limited
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Tiroony Eggs Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
457,120
 
467,986
 
Current assets    
Stocks
48,350
  -  
Debtors 6
2,222
 
2,744
 
Cash at bank and in hand
114,341
 
120,978
 
164,913
 
123,722
 
Creditors: amounts falling due within one year 7
(230,939
)
(209,122
)
Net current liabilities
(66,026
)
(85,400
)
Total assets less current liabilities 391,094   382,586  
Creditors: amounts falling due after more than one year 8
(375,095
)
(492,837
)
Net assets/(liabilities)
15,999
 
(110,251
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
15,899
 
(110,351
)
Shareholders funds/(deficit)
15,999
 
(110,251
)
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.
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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
1 May 2025
, and are signed on behalf of the board by:
Mr. P Haughey
Director
Company registration number:
NI649665
Tiroony Eggs Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
80 Tiroony Road
,
Sixmilecross
,
Omagh
,
BT79 9HB
, Northern Ireland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line Over 25 Years
Plant and machinery
5% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
3.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2024
261,584
 
793,054
 
1,054,638
 
Additions -  
39,250
 
39,250
 
At
31 December 2024
261,584
 
832,304
 
1,093,888
 
Depreciation      
At
1 January 2024
55,955
 
530,697
 
586,652
 
Charge
10,463
 
39,653
 
50,116
 
At
31 December 2024
66,418
 
570,350
 
636,768
 
Carrying amount      
At
31 December 2024
195,166
 
261,954
 
457,120
 
At 31 December 2023
205,629
 
262,357
 
467,986
 

6 Debtors

20242023
££
Other debtors
2,222
 
2,744
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
111,992
 
84,420
 
Trade creditors
58,095
 
6,216
 
Taxation and social security
1,800
  -  
Other creditors
59,052
 
118,486
 
230,939
 
209,122
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
375,095
 
492,837