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 continued to be that of metal fabrication and engineering. 9 June 2025 14 14 NI012771 2024-09-30 NI012771 2023-09-30 NI012771 2022-09-30 NI012771 2023-10-01 2024-09-30 NI012771 2022-10-01 2023-09-30 NI012771 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI012771 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI012771 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI012771 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI012771 uk-bus:Director1 2023-10-01 2024-09-30 NI012771 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 NI012771 uk-bus:Agent1 2023-10-01 2024-09-30 NI012771 uk-core:ShareCapital 2024-09-30 NI012771 uk-core:ShareCapital 2023-09-30 NI012771 uk-core:SharePremium 2024-09-30 NI012771 uk-core:SharePremium 2023-09-30 NI012771 uk-core:OtherReservesSubtotal 2024-09-30 NI012771 uk-core:OtherReservesSubtotal 2023-09-30 NI012771 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI012771 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI012771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI012771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI012771 uk-bus:FRS102 2023-10-01 2024-09-30 NI012771 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI012771 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI012771 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI012771 uk-core:CurrentFinancialInstruments 2024-09-30 NI012771 uk-core:CurrentFinancialInstruments 2023-09-30 NI012771 uk-core:WithinOneYear 2024-09-30 NI012771 uk-core:WithinOneYear 2023-09-30 NI012771 uk-core:ParentEntities 2023-10-01 2024-09-30 NI012771 2023-10-01 2024-09-30 NI012771 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI012771
 
 
Maurice Walsh & Company Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Maurice Walsh & Company Limited
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Attila Csordas
 
 
Company Registration Number NI012771
 
 
Registered Office Drumaness Industrial Estate
Old Park Road
Drumaness
Ballynahinch
County Down
BT24 8SE
United Kingdom
 
 
Business Address Drumaness Industrial Estate
Old Park Road
Drumaness
Ballynahinch
BT24 8SE
 
 
Accountants Muldoon
16 Mount Charles
Belfast
BT7 1NZ
Northern Ireland



Maurice Walsh & Company Limited
DIRECTOR'S REPORT
for the financial year ended 30 September 2024

 
The director presents his report and the unaudited financial statements for the financial year ended 30 September 2024.
     
Director
The director who served during the financial year is as follows:
     
Mr. Attila Csordas
   
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr. Attila Csordas
Director
     
9 June 2025



Maurice Walsh & Company Limited
Company Registration Number: NI012771
STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 68,705 43,603
───────── ─────────
 
Current Assets
Stocks 5 1,000 1,000
Debtors 6 445,029 562,241
Cash and cash equivalents 385,210 343,570
───────── ─────────
831,239 906,811
───────── ─────────
Creditors: amounts falling due within one year 7 (150,005) (241,545)
───────── ─────────
Net Current Assets 681,234 665,266
───────── ─────────
Total Assets less Current Liabilities 749,939 708,869
═════════ ═════════
 
Capital and Reserves
Called up share capital 10,000 10,000
Share premium account 126,000 126,000
Other reserves 30,000 30,000
Retained earnings 583,939 542,869
───────── ─────────
Equity attributable to owners of the company 749,939 708,869
═════════ ═════════
 
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 Income Statement.
           
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 director confirms 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 director acknowledges his 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 Director and authorised for issue on 9 June 2025
           
           
           
________________________________          
Mr. Attila Csordas          
Director          
           



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

   
1. General Information
 
Maurice Walsh & Company Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI012771. The registered office of the company is Drumaness Industrial Estate, Old Park Road, Drumaness, Ballynahinch, County Down, BT24 8SE, United Kingdom. The principal activity of the company continued to be that of metal fabrication and engineering. 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.
 
Income
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment 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 property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 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
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.
 
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 income for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position 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 income 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 Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position 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 Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2024 2023
  Number Number
 
Employees 14 14
  ═════════ ═════════
           
4. Property, plant and equipment
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 October 2023 225,958 17,308 53,400 296,666
Additions - 2,181 38,088 40,269
Disposals (5,000) - - (5,000)
  ───────── ───────── ───────── ─────────
At 30 September 2024 220,958 19,489 91,488 331,935
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 214,109 10,787 28,167 253,063
Charge for the financial year 1,800 1,421 11,946 15,167
On disposals (5,000) - - (5,000)
  ───────── ───────── ───────── ─────────
At 30 September 2024 210,909 12,208 40,113 263,230
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 10,049 7,281 51,375 68,705
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 11,849 6,521 25,233 43,603
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 1,000 1,000
  ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 405,522 524,843
Taxation  (Note 8) 34,381 34,131
Prepayments and accrued income 5,126 3,267
  ───────── ─────────
  445,029 562,241
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 92,635 104,855
Taxation  (Note 8) 45,328 129,024
Other creditors 8,247 2,644
Accruals:
Pension accrual - 702
Other accruals 3,795 4,320
  ───────── ─────────
  150,005 241,545
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 34,381 34,131
  ═════════ ═════════
Creditors:
Corporation tax 36,522 121,746
PAYE / NI 8,806 7,278
  ───────── ─────────
  45,328 129,024
  ═════════ ═════════
       
9. Related party transactions
 
Transactions with group companies include dividends paid to Maurice Walsh & Co Steel Fabrication Ltd which holds 100% of the share capital of Maurice Walsh & Company Limited.
   
10. Parent company
 
The company regards Maurice Walsh & Co Steel Fabrication Ltd as its parent company.