1 July 2024 false No description of principal activity Taxfiler 2024.6 NI697353 business:PrivateLimitedCompanyLtd 2024-07-01 2025-03-31 NI697353 2024-06-30 NI697353 2024-07-01 2025-03-31 NI697353 business:AuditExemptWithAccountantsReport 2024-07-01 2025-03-31 NI697353 business:FilletedAccounts 2024-07-01 2025-03-31 NI697353 2025-03-31 NI697353 business:Director1 2024-07-01 2025-03-31 NI697353 business:RegisteredOffice 2024-07-01 2025-03-31 NI697353 core:WithinOneYear 2025-03-31 NI697353 core:AfterOneYear 2025-03-31 NI697353 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 NI697353 core:PreviouslyStatedAmount 2025-03-31 NI697353 business:SmallEntities 2024-07-01 2025-03-31 NI697353 countries:NorthernIreland 2024-07-01 2025-03-31 NI697353 core:LandBuildings 2024-07-01 2025-03-31 NI697353 core:PlantMachinery 2024-07-01 2025-03-31 NI697353 core:LandBuildings 2024-06-30 NI697353 core:PlantMachinery 2024-06-30 NI697353 core:LandBuildings 2025-03-31 NI697353 core:PlantMachinery 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. NI697353 (Northern Ireland)
Glenboe Contracts Ltd Unaudited accounts for the period from 1 July 2024 to 31 March 2025
Glenboe Contracts Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Glenboe Contracts Ltd Company Information for the period from 1 July 2024 to 31 March 2025
Director
Patrick Bell
Company Number
NI697353 (Northern Ireland)
Registered Office
1 Railway Side Glenravel Road Martinstown Ballymena County Antrim BT43 6QZ Northern Ireland
Accountants
KEVIN HIGGINS FCA 9 KNOCKANULLY ROAD MARTINSTOWN BALLYMENA ANTRIM BT43 7LZ
- 3 -
Accountants' report to the Board of Directors on the unaudited financial statements of Glenboe Contracts Ltd for the period from 1 July 2024 to 31 March 2025
In accordance with our engagement letter dated 19 June 2025, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the period from 1 July 2024 to 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
KEVIN HIGGINS FCA Chartered Accountants 9 KNOCKANULLY ROAD MARTINSTOWN BALLYMENA ANTRIM BT43 7LZ 20 June 2025
- 4 -
Glenboe Contracts Ltd Statement of financial position as at 31 March 2025
2025
Notes
£
Fixed assets
Tangible assets
4
265,566
Current assets
Debtors
5
40,229
Cash at bank and in hand
13,418
53,647
Creditors: amounts falling due within one year
6
(23,759)
Net current assets
29,888
Total assets less current liabilities
295,454
Creditors: amounts falling due after more than one year
7
(119,521)
Net assets
175,933
Capital and reserves
Profit and loss account
175,933
Shareholders' funds
175,933
For the period ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Patrick Bell Director Company Registration No. NI697353
- 5 -
Glenboe Contracts Ltd Notes to the Accounts for the period from 1 July 2024 to 31 March 2025
1
Statutory information
Glenboe Contracts Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI697353. The registered office is 1 Railway Side, Glenravel Road, Martinstown, Ballymena, County Antrim, BT43 6QZ, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0.0%
Plant & machinery
12.5%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
113,155
217,995
331,150
Additions
-
168,112
168,112
Disposals
-
(147,595)
(147,595)
At 31 March 2025
113,155
238,512
351,667
Depreciation
At 1 July 2024
-
77,112
77,112
Charge for the period
-
29,814
29,814
On disposals
-
(20,825)
(20,825)
At 31 March 2025
-
86,101
86,101
Net book value
At 31 March 2025
113,155
152,411
265,566
- 6 -
Glenboe Contracts Ltd Notes to the Accounts for the period from 1 July 2024 to 31 March 2025
5
Debtors
2025
£
Amounts falling due within one year
VAT
5,097
Trade debtors
35,132
40,229
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
14,405
Taxes and social security
9,354
23,759
7
Creditors: amounts falling due after more than one year
2025
£
Bank loans
28,771
Obligations under finance leases and hire purchase contracts
90,750
119,521
8
Average number of employees
During the period the average number of employees was 2.
- 7 -