| Plant Mec Ireland Limited |
| Registered Number:NI044094 |
For the year ended 31 October 2024
Northern Ireland
Unaudited Financial Statements
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
Plant Mec Ireland Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
1,202,310
1,118,257
2
1,202,310
1,118,257
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
220
220
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: |
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For the year ended 31 October 2024
Plant Mec Ireland Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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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. |
39 Drumconwell Road
Lisnadill
County Armagh
BT60 2AT
| 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
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.
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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 |
1,336,891
34,012
327,256
975,623
142,560
9,078
47,125
86,357
-
(35,500)
-
(35,500)
1,061,980
338,881
43,090
1,443,951
| Provision for depreciation and impairment |
218,634
31,836
186,798
-
Charge for year
35,787
2,814
32,973
-
(12,780)
-
(12,780)
-
241,641
34,650
206,991
-
1,061,980
131,890
8,440
1,202,310
975,623
140,458
2,176
1,118,257
2023
2024
574,027
634,795
| 4. Trade and other receivables |
2023
2024
375,690
507,789
20,898
3,124
510,913
396,588
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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
92,582
77,493
276,874
465,862
| Taxation and social security |
117,889
132,792
57,166
92,948
544,511
769,095
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
364,235
414,977
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)
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