BrightAccountsProduction v1.0.0 v1.0.0 2024-02-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The Principal Activity of this company is retail of convenience goods and fuel. 4 June 2025 30 30 NI631498 2025-01-31 NI631498 2024-01-31 NI631498 2023-01-31 NI631498 2024-02-01 2025-01-31 NI631498 2023-02-01 2024-01-31 NI631498 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI631498 uk-curr:PoundSterling 2024-02-01 2025-01-31 NI631498 uk-bus:AbridgedAccounts 2024-02-01 2025-01-31 NI631498 uk-core:ShareCapital 2025-01-31 NI631498 uk-core:ShareCapital 2024-01-31 NI631498 uk-core:RetainedEarningsAccumulatedLosses 2025-01-31 NI631498 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI631498 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-01-31 NI631498 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 NI631498 uk-bus:FRS102 2024-02-01 2025-01-31 NI631498 uk-core:LandBuildings 2024-02-01 2025-01-31 NI631498 uk-core:PlantMachinery 2024-02-01 2025-01-31 NI631498 uk-core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 NI631498 uk-core:MotorVehicles 2024-02-01 2025-01-31 NI631498 uk-core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 NI631498 uk-core:CustomerRelationships 2024-01-31 NI631498 uk-core:CustomerRelationships 2025-01-31 NI631498 uk-core:CustomerRelationships 2024-02-01 2025-01-31 NI631498 2024-02-01 2025-01-31 NI631498 uk-bus:Director1 2024-02-01 2025-01-31 NI631498 uk-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI631498
 
 
Trainor Bros Retail Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2025
Trainor Bros Retail Ltd
Company Registration Number: NI631498
ABRIDGED BALANCE SHEET
as at 31 January 2025

2025 2024
Notes £ £
 
Fixed Assets
Intangible assets 4 44,353 46,465
Tangible assets 5 588,996 627,330
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Fixed Assets 633,349 673,795
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Current Assets
Stocks 193,411 186,374
Debtors 17,761 11,622
Cash and cash equivalents 318,202 296,231
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529,374 494,227
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Creditors: amounts falling due within one year (344,481) (378,529)
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Net Current Assets 184,893 115,698
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Total Assets less Current Liabilities 818,242 789,493
 
Creditors:
amounts falling due after more than one year (180,570) (218,873)
 
Provisions for liabilities (18,189) (24,676)
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Net Assets 619,483 545,944
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Capital and Reserves
Called up share capital 10 10
Retained earnings 619,473 545,934
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Shareholders' Funds 619,483 545,944
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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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge 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 year and of its profit and loss for the financial year 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 Board and authorised for issue on 4 June 2025 and signed on its behalf by
           
           
________________________________          
James Trainor          
Director          
           



Trainor Bros Retail Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2025

   
1. General Information
 
Trainor Bros Retail Ltd is a company limited by shares incorporated in Northern Ireland. 18-20 Chapel Street, Poyntzpass, Newry, Co. Down, BT35 6SY, Northern Ireland is the registered office, which is also the principal place of business of the company. . The Principal Activity of this company is retail of convenience goods and fuel. 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 year ended 31 January 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 goods supplied by the company, exclusive of trade discounts and value added tax.
 
Off Licence
Off Licence are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.
 
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:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
  Office Equipment - 33% Reducing Balance
 
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. Stocks are determined on a first-in first-out basis. 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 (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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 year 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. Employees
 
The average monthly number of employees, including directors, during the financial year was 30, (2024 - 30).
 
  2025 2024
  Number Number
 
Employees 30 30
  ═════════ ═════════
       
4. Intangible assets
  Off Licence  
    Total
  £ £
Cost
At 1 February 2024 52,801 52,801
  ───────── ─────────
 
At 31 January 2025 52,801 52,801
  ───────── ─────────
Amortisation
At 1 February 2024 6,336 6,336
Charge for financial year 2,112 2,112
  ───────── ─────────
At 31 January 2025 8,448 8,448
  ───────── ─────────
Net book value
At 31 January 2025 44,353 44,353
  ═════════ ═════════
At 31 January 2024 46,465 46,465
  ═════════ ═════════

               
5. Tangible assets
  Land and Plant and Fixtures, Motor Office Total
  buildings machinery fittings and vehicles Equipment  
  freehold   equipment      
  £ £ £ £ £ £
Cost
At 1 February 2024 623,589 389,738 125,312 1,950 11,911 1,152,500
Additions - 13,020 18,383 - - 31,403
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 January 2025 623,589 402,758 143,695 1,950 11,911 1,183,903
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2024 187,830 235,630 89,670 1,487 10,553 525,170
Charge for the financial year 24,944 33,424 10,805 116 448 69,737
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 January 2025 212,774 269,054 100,475 1,603 11,001 594,907
  ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 January 2025 410,815 133,704 43,220 347 910 588,996
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 31 January 2024 435,759 154,108 35,642 463 1,358 627,330
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2025.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.