2023-09-01 NI654886 2024-08-31 NI654886 2023-09-01 2024-08-31 NI654886 2023-08-31 NI654886 2022-09-01 2023-08-31 NI654886 uk-core:WithinOneYear 2023-08-31 NI654886 uk-core:WithinOneYear 2024-08-31 NI654886 uk-core:AfterOneYear 2023-08-31 NI654886 uk-core:AfterOneYear 2024-08-31 NI654886 uk-core:ShareCapital 2024-08-31 NI654886 uk-core:ShareCapital 2023-08-31 NI654886 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI654886 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI654886 uk-bus:Director1 2023-09-01 2024-08-31 NI654886 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI654886 uk-core:ComputerEquipment 2023-08-31 NI654886 uk-core:PlantMachinery 2023-08-31 NI654886 uk-core:ComputerEquipment 2023-09-01 2024-08-31 NI654886 uk-core:PlantMachinery 2024-08-31 NI654886 uk-core:ComputerEquipment 2024-08-31 NI654886 uk-core:WithinOneYear 2024-08-31 NI654886 uk-core:WithinOneYear 2023-08-31 NI654886 uk-core:AfterOneYear uk-core:Secured 2024-08-31 NI654886 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure NI654886 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI654886 uk-bus:FRS102 2023-09-01 2024-08-31 NI654886 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 NI654886 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Irwin & Stewart Contracts Limited
Registered Number:NI654886
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 August 2024
Irwin & Stewart Contracts Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI654886
As at 31 August 2024
Irwin & Stewart Contracts Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
27,624
14,499
2
27,624
14,499
Current assets
Inventories
17,344
14,880
3
Trade and other receivables
9,540
17,869
4
10,981
Cash and cash equivalents
4,028
36,777
37,865
Trade and other payables: amounts falling due within one
year
(63,825)
(41,158)
5
(25,960)
(4,381)
Net current liabilities
Total assets less current liabilities
23,243
(11,461)
Trade and other payables: amounts falling due after more
than one year
(26,515)
(78,179)
6
(54,936)
Net liabilities
(37,976)
Capital and reserves
Called up share capital
2
2
Retained earnings
(54,938)
(37,978)
(54,936)
(37,976)
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Kevin Stewart Director
These financial statements were approved and authorised for issue by the Board on 15 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Irwin & Stewart Contracts Limited
Notes to the Financial Statements
Statutory Information
Irwin & Stewart Contracts Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI654886.
Registered address:
154 Armagh Road
Newry
Down
BT35 6PX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 September 2023
35,050
626
34,424
18,000
-
18,000
Additions
At 31 August 2024
52,424
626
53,050
Provision for depreciation and impairment
At 01 September 2023
20,551
94
20,457
Charge for year
4,875
80
4,795
At 31 August 2024
25,426
174
25,252
At 31 August 2024
Net book value
27,172
452
27,624
At 31 August 2023
13,967
532
14,499
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5
For the year ended 31 August 2024
Irwin & Stewart Contracts Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
14,880
17,344
4. Trade and other receivables
2023
2024
£
£
Other debtors
17,869
9,540
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
14,169
13,350
Taxation and social security
-
1,717
Other creditors
26,989
48,758
41,158
63,825
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
28,179
28,179
Other creditors
50,000
(1,664)
78,179
26,515
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 3)
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