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REGISTERED NUMBER: NI041507 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BEATTY HARDWARE & FARM SUPPLIES LTD

BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BEATTY HARDWARE & FARM SUPPLIES LTD

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTORS: Mr G Beatty
Mrs H Beatty





SECRETARY: Mrs H Beatty





REGISTERED OFFICE: 68 Main Street
Ballinamallard
Enniskillen
Co. Fermanagh
BT94 2FZ





REGISTERED NUMBER: NI041507 (Northern Ireland)





ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,800 7,200

CURRENT ASSETS
Stocks 1,787,693 1,426,300
Debtors 5 512,000 608,068
Cash at bank and in hand 26,739 24,795
2,326,432 2,059,163
CREDITORS
Amounts falling due within one year 6 2,454,490 2,204,924
NET CURRENT LIABILITIES (128,058 ) (145,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,258

)

(138,561

)

PROVISIONS FOR LIABILITIES 7 847 1,370
NET LIABILITIES (124,105 ) (139,931 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (124,107 ) (139,933 )
SHAREHOLDERS' FUNDS (124,105 ) (139,931 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





Mr G Beatty - Director


BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024


1. STATUTORY INFORMATION

Beatty Hardware & Farm Supplies Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-

Plant & Machinery20% Straight line
Leasehold Property Improvements20% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 22,636 40,493 63,129
DEPRECIATION
At 1 July 2023 22,636 33,293 55,929
Charge for year - 2,400 2,400
At 30 June 2024 22,636 35,693 58,329
NET BOOK VALUE
At 30 June 2024 - 4,800 4,800
At 30 June 2023 - 7,200 7,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 470,040 539,197
Other debtors 41,960 68,871
512,000 608,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 53,849 76,907
Trade creditors 2,252,627 1,948,078
Social security and other taxes 3,448 3,841
Directors' current accounts 141,566 173,098
Accruals and deferred income 3,000 3,000
2,454,490 2,204,924

BEATTY HARDWARE & FARM SUPPLIES LTD (REGISTERED NUMBER: NI041507)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024


7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 847 1,370

Deferred
tax
£   
Balance at 1 July 2023 1,370
Provided during year (523 )
Balance at 30 June 2024 847

BEATTY HARDWARE & FARM SUPPLIES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BEATTY HARDWARE & FARM SUPPLIES LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


19 June 2025