2023-11-01 NI044094 2024-10-31 NI044094 2023-11-01 2024-10-31 NI044094 2023-10-31 NI044094 2022-11-01 2023-10-31 NI044094 uk-core:WithinOneYear 2023-10-31 NI044094 uk-core:WithinOneYear 2024-10-31 NI044094 uk-core:AfterOneYear 2023-10-31 NI044094 uk-core:AfterOneYear 2024-10-31 NI044094 uk-core:ShareCapital 2024-10-31 NI044094 uk-core:ShareCapital 2023-10-31 NI044094 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI044094 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI044094 uk-bus:Director1 2023-11-01 2024-10-31 NI044094 uk-bus:Director2 2023-11-01 2024-10-31 NI044094 uk-core:LandBuildings 2023-11-01 2024-10-31 NI044094 uk-core:PlantMachinery 2023-11-01 2024-10-31 NI044094 uk-core:FurnitureFittings 2023-11-01 2024-10-31 NI044094 uk-core:FurnitureFittings 2023-10-31 NI044094 uk-core:PlantMachinery 2023-10-31 NI044094 uk-core:LandBuildings 2023-10-31 NI044094 uk-core:LandBuildings 2024-10-31 NI044094 uk-core:PlantMachinery 2024-10-31 NI044094 uk-core:FurnitureFittings 2024-10-31 NI044094 uk-core:WithinOneYear 2024-10-31 NI044094 uk-core:WithinOneYear 2023-10-31 NI044094 uk-core:AfterOneYear uk-core:Secured 2024-10-31 NI044094 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure NI044094 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 NI044094 uk-bus:FRS102 2023-11-01 2024-10-31 NI044094 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 NI044094 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Plant Mec Ireland Limited
Registered Number:NI044094
For the year ended 31 October 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 October 2024
Plant Mec Ireland Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI044094
As at 31 October 2024
Plant Mec Ireland Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,202,310
1,118,257
2
1,202,310
1,118,257
Current assets
Inventories
634,795
574,027
3
Trade and other receivables
510,913
396,588
4
105,524
Cash and cash equivalents
88,848
1,059,463
1,251,232
Trade and other payables: amounts falling due within one
year
(769,095)
(544,511)
5
482,137
514,952
Net current assets
Total assets less current liabilities
1,717,262
1,600,394
Trade and other payables: amounts falling due after more
than one year
(437,019)
(394,573)
6
(36,840)
(36,367)
Provisions for liabilities
1,285,849
Net assets
1,127,008
Capital and reserves
Called up share capital
220
220
Retained earnings
1,285,629
1,126,788
1,285,849
1,127,008
Shareholders' funds
For the year ended 31 October 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 October 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 Melvin Crozier Director
Mr Gareth Crozier Director
These financial statements were approved and authorised for issue by the Board on 13 June 2025 and were signed by:
1 of 5
4
Registered Number :
NI044094
For the year ended 31 October 2024
Plant Mec Ireland Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 October 2024
Plant Mec Ireland Limited
Notes to the Financial Statements
Statutory Information
Plant Mec Ireland Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI044094.
Registered address:
39 Drumconwell Road
Lisnadill
County Armagh
BT60 2AT
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.
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
0%
Plant and Machinery
20% Reducing balance
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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.
3 of 5
6
For the year ended 31 October 2024
Plant Mec Ireland Limited
Notes to the Financial Statements Continued
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.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2023
1,336,891
34,012
327,256
975,623
142,560
9,078
47,125
86,357
Additions
-
(35,500)
-
Disposals
(35,500)
At 31 October 2024
1,061,980
338,881
43,090
1,443,951
Provision for depreciation and impairment
At 01 November 2023
218,634
31,836
186,798
-
Charge for year
35,787
2,814
32,973
-
(12,780)
-
(12,780)
-
On disposal
At 31 October 2024
241,641
34,650
206,991
-
At 31 October 2024
Net book value
1,061,980
131,890
8,440
1,202,310
At 31 October 2023
975,623
140,458
2,176
1,118,257
3. Inventories
2023
2024
£
£
Stocks
574,027
634,795
4. Trade and other receivables
2023
2024
£
£
Trade debtors
375,690
507,789
Other debtors
20,898
3,124
510,913
396,588
4 of 5
7
For the year ended 31 October 2024
Plant Mec Ireland Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
92,582
77,493
Trade creditors
276,874
465,862
Taxation and social security
117,889
132,792
Other creditors
57,166
92,948
544,511
769,095
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
364,235
414,977
Other creditors
30,338
22,042
394,573
437,019
7. Average number of persons employed
During the year the average number of employees was 15 (2023 : 15)
5 of 5