BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the operation as chartered surveyors. 16 June 2025 7 9 NI024864 2024-09-30 NI024864 2023-09-30 NI024864 2022-09-30 NI024864 2023-10-01 2024-09-30 NI024864 2022-10-01 2023-09-30 NI024864 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI024864 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI024864 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI024864 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI024864 uk-bus:Director1 2023-10-01 2024-09-30 NI024864 uk-bus:Director2 2023-10-01 2024-09-30 NI024864 uk-bus:Director3 2023-10-01 2024-09-30 NI024864 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI024864 uk-bus:Agent1 2023-10-01 2024-09-30 NI024864 uk-core:ShareCapital 2024-09-30 NI024864 uk-core:ShareCapital 2023-09-30 NI024864 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI024864 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI024864 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI024864 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI024864 uk-bus:FRS102 2023-10-01 2024-09-30 NI024864 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI024864 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI024864 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI024864 uk-core:CurrentFinancialInstruments 2024-09-30 NI024864 uk-core:CurrentFinancialInstruments 2023-09-30 NI024864 uk-core:CurrentFinancialInstruments 2024-09-30 NI024864 uk-core:CurrentFinancialInstruments 2023-09-30 NI024864 uk-core:WithinOneYear 2024-09-30 NI024864 uk-core:WithinOneYear 2023-09-30 NI024864 uk-core:WithinOneYear 2024-09-30 NI024864 uk-core:WithinOneYear 2023-09-30 NI024864 uk-core:ParentEntities 2023-10-01 2024-09-30 NI024864 uk-core:UltimateParent 2023-10-01 2024-09-30 NI024864 2023-10-01 2024-09-30 NI024864 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI024864
 
 
James Sammon & Company Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
James Sammon & Company Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Austin Sammon
James Sammon
Robert McGowan-Smyth (Resigned 31 December 2023)
 
 
Company Registration Number NI024864
 
 
Registered Office and Business Address 35 Clarendon Street
Derry
BT48 7ER
Northern Ireland
 
 
Accountants Brian McDaid & Associates
Chartered Accountants
35 Clarendon Street
Derry
BT48 7ER
Northern Ireland



James Sammon & Company Limited
Company Registration Number: NI024864
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 46,727 46,932
───────── ─────────
 
Current Assets
Stocks 5 56,558 27,172
Debtors 6 727,136 682,601
Cash at bank and in hand 15,859 35,437
───────── ─────────
799,553 745,210
───────── ─────────
Creditors: amounts falling due within one year 7 (59,488) (40,601)
───────── ─────────
Net Current Assets 740,065 704,609
───────── ─────────
Total Assets less Current Liabilities 786,792 751,541
═════════ ═════════
 
Capital and Reserves
Called up share capital 12,486 12,486
Retained earnings 774,306 739,055
───────── ─────────
Shareholders' Funds 786,792 751,541
═════════ ═════════
 
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 Directors' Report.
           
For the financial year ended 30 September 2024 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 16 June 2025 and signed on its behalf by
           
           
Austin Sammon          
Director          
           



James Sammon & Company Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
James Sammon & Company Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI024864. The registered office of the company is 35 Clarendon Street, Derry, BT48 7ER, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the operation as chartered surveyors. 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 year ended 30 September 2024 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 represents services supplied to customers and excludes VAT and derives from the provision of services falling within the company's ordinary activities.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.
 
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:
 
  Plant and machinery - 10%/25% reducing balance
  Office  Equipment - 10% reducing balance
  Computer  Equipment - 25% 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
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
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.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
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 7, (2023 - 9).
 
  2024 2023
  Number Number
 
Employees 7 9
  ═════════ ═════════
           
4. Tangible assets
  Plant and Office Computer Total
  machinery Equipment Equipment  
         
  £ £ £ £
Cost
At 1 October 2023 245,727 45,294 - 291,021
Additions - - 5,193 5,193
  ───────── ───────── ───────── ─────────
At 30 September 2024 245,727 45,294 5,193 296,214
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 201,322 42,767 - 244,089
Charge for the financial year 4,783 252 363 5,398
  ───────── ───────── ───────── ─────────
At 30 September 2024 206,105 43,019 363 249,487
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 39,622 2,275 4,830 46,727
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 44,405 2,527 - 46,932
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Work in progress 56,558 27,172
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 115,206 83,260
Amounts owed by group undertakings 393,850 379,351
Other debtors - 5
Directors' current accounts (Note 11) 144,464 148,520
Taxation  (Note 8) 53,316 62,815
Prepayments and accrued income 20,300 8,650
  ───────── ─────────
  727,136 682,601
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 332 1,488
Trade creditors 25,751 7,437
Taxation  (Note 8) 26,729 25,978
Accruals:
Pension accrual - 748
Other accruals 6,676 4,950
  ───────── ─────────
  59,488 40,601
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
Corporation tax 53,316 62,815
  ═════════ ═════════
Creditors:
VAT 22,004 21,434
PAYE / NI 4,725 4,544
  ───────── ─────────
  26,729 25,978
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
           
10. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
11. Directors' advances, credits and guarantees
 
The loan to a director is subject to interest at the HMR rate, is unsecured and is repayable on demand.
   
12. Parent and ultimate parent company
 
The company regards James Sammon & Company (Ireland) Limited as its parent company. The registered office of James Sammon & Company (Ireland) Limited is Bogay, Letterkenny, Donegal, Ireland.
 
The companys ultimate parent undertaking is AP Sammon Limited.
The address of AP Sammon Limited is 35 Clarendon Street Northern Ireland BT48 7ER.
 
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.