BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the sale of used cars and light motor vehicles. 22 May 2025 2 2 NI677296 2025-04-30 NI677296 2024-03-31 NI677296 2023-03-31 NI677296 2024-04-01 2025-04-30 NI677296 2023-04-01 2024-03-31 NI677296 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-04-30 NI677296 uk-curr:PoundSterling 2024-04-01 2025-04-30 NI677296 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-04-30 NI677296 uk-bus:FullAccounts 2024-04-01 2025-04-30 NI677296 uk-bus:Director1 2024-04-01 2025-04-30 NI677296 uk-bus:Director2 2024-04-01 2025-04-30 NI677296 uk-bus:Agent1 2024-04-01 2025-04-30 NI677296 uk-core:ShareCapital 2025-04-30 NI677296 uk-core:ShareCapital 2024-03-31 NI677296 uk-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI677296 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI677296 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-04-30 NI677296 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI677296 uk-bus:FRS102 2024-04-01 2025-04-30 NI677296 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-04-30 NI677296 uk-core:CurrentFinancialInstruments 2025-04-30 NI677296 uk-core:CurrentFinancialInstruments 2024-03-31 NI677296 uk-core:WithinOneYear 2025-04-30 NI677296 uk-core:WithinOneYear 2024-03-31 NI677296 2024-04-01 2025-04-30 NI677296 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI677296
 
 
Ballintaggart Cars & Classics Ltd
 
Unaudited Financial Statements
 
for the financial period ended 30 April 2025
Ballintaggart Cars & Classics Ltd
DIRECTOR AND OTHER INFORMATION

 
Directors Brian Wilson
Christopher Wilson (Resigned 10 March 2025)
 
 
Company Registration Number NI677296
 
 
Business Address 22 Ballintaggart Road
Portadown
Co. Armagh
BT62 4HN
United Kingdom
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland



Ballintaggart Cars & Classics Ltd
Company Registration Number: NI677296
BALANCE SHEET
as at 30 April 2025

Apr 25 Mar 24
Notes £ £
 
Fixed Assets
Tangible assets 5 - 2,357
───────── ─────────
 
Current Assets
Stocks 6 - 154,912
Debtors 7 6,432 1,808
Cash and cash equivalents 2,244 3,681
───────── ─────────
8,676 160,401
───────── ─────────
Creditors: amounts falling due within one year 8 (3,740) (125,020)
───────── ─────────
Net Current Assets 4,936 35,381
───────── ─────────
Total Assets less Current Liabilities 4,936 37,738
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 4,934 37,736
───────── ─────────
Equity attributable to owners of the company 4,936 37,738
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 22 May 2025
           
           
________________________________          
Brian Wilson          
Director          
           



Ballintaggart Cars & Classics Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 30 April 2025

   
1. General Information
 
Ballintaggart Cars & Classics Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI677296. The registered office of the company is. The principal activity is the sale of used cars and light motor vehicles. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 April 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of vehicles sold by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 13 month period ended 30 April 2025.
       
4. Employees
 
The average monthly number of employees, including director, during the financial period was 2, (Mar 24 - 2).
 
  Apr 25 Mar 24
  Number Number
 
Director 2 2
  ═════════ ═════════
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2024 2,946 2,946
Disposals (2,946) (2,946)
  ───────── ─────────
At 30 April 2025 - -
  ───────── ─────────
Depreciation
At 1 April 2024 589 589
On disposals (589) (589)
  ───────── ─────────
At 30 April 2025 - -
  ───────── ─────────
Net book value
At 30 April 2025 - -
  ═════════ ═════════
At 31 March 2024 2,357 2,357
  ═════════ ═════════
       
6. Stocks Apr 25 Mar 24
  £ £
 
Finished goods and goods for resale - 154,912
  ═════════ ═════════
       
7. Debtors Apr 25 Mar 24
  £ £
 
Trade debtors - 1,560
Taxation  (Note 9) 6,432 248
  ───────── ─────────
  6,432 1,808
  ═════════ ═════════
       
8. Creditors Apr 25 Mar 24
Amounts falling due within one year £ £
 
Trade creditors 2,040 81,900
Taxation  (Note 9) - 2,525
Director's current account - 38,915
Accruals 1,700 1,680
  ───────── ─────────
  3,740 125,020
  ═════════ ═════════
       
9. Taxation Apr 25 Mar 24
  £ £
 
Debtors:
VAT 46 248
Corporation tax 6,386 -
  ───────── ─────────
  6,432 248
  ═════════ ═════════
Creditors:
Corporation tax - 2,525
  ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 April 2025.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.