| Registered Number:NI062056 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
S.F.S. (Armagh) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
S.F.S. (Armagh) Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
96,941
86,549
2
96,941
86,549
23,690
14,289
3
| Trade and other receivables |
39,603
43,279
4
15,293
| Cash and cash equivalents |
26,350
83,918
78,586
| Trade and other payables: amounts falling due within one |
| year |
(59,646)
(75,430)
5
18,940
8,488
Net current assets
| Total assets less current liabilities |
105,429
105,489
| Trade and other payables: amounts falling due after more |
| than one year |
(25,686)
(26,832)
6
(9,666)
(7,189)
| Provisions for liabilities |
68,931
Net assets
72,614
450
410
68,481
72,204
68,931
72,614
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their 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 Simon Andrew Smith Director |
| These financial statements were approved and authorised for issue by the Board on 20 May 2025 and were signed by: |
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For the year ended 31 December 2024
S.F.S. (Armagh) Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 December 2024
S.F.S. (Armagh) Limited
Notes to the Financial Statements
Statutory Information
| S.F.S. (Armagh) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI062056. |
58 Kilcreevy Road
Armagh
Bt60 3Ly
| The presentation currency is £ sterling. |
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. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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: |
Land and Buildings
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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.
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
S.F.S. (Armagh) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
160,199
11,205
71,431
24,776
52,787
24,814
879
23,935
-
-
24,776
95,366
12,084
185,013
52,787
| Provision for depreciation and impairment |
73,650
8,849
44,483
20,318
-
Charge for year
14,422
809
12,721
892
-
88,072
9,658
57,204
21,210
-
52,787
3,566
38,162
2,426
96,941
52,787
4,458
26,948
2,356
86,549
2023
2024
14,289
23,690
| 4. Trade and other receivables |
2023
2024
43,279
39,603
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
11,951
11,976
-
8,249
13,767
2,860
| Taxation and social security |
21,268
26,223
28,444
10,338
75,430
59,646
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For the year ended 31 December 2024
S.F.S. (Armagh) Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
9,584
15,098
17,248
10,588
26,832
25,686
| 7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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