| R Wylie Engineering Limited |
| Registered Number:NI664174 |
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 September 2024
R Wylie Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
R Wylie Engineering Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
21,197
24,938
2
21,197
24,938
210,850
193,435
3
| Trade and other receivables |
83,941
59,017
4
7,198
| Cash and cash equivalents |
19,980
272,432
301,989
| Trade and other payables: amounts falling due within one |
| year |
(225,703)
(169,356)
5
76,286
103,076
Net current assets
| Total assets less current liabilities |
124,273
101,224
| Trade and other payables: amounts falling due after more |
| than one year |
(33,584)
(27,711)
6
(557)
(505)
| Provisions for liabilities |
96,005
Net assets
67,135
1
1
96,004
67,134
96,005
67,135
Shareholders' funds
| For the year ended 30 September 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 30 September 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. |
| These financial statements were approved and authorised for issue by the Board on 26 June 2025 and were signed by: |
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For the year ended 30 September 2024
R Wylie Engineering Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 30 September 2024
R Wylie Engineering Limited
Notes to the Financial Statements
Statutory Information
| R Wylie Engineering Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI664174. |
97 Moy Road
Dungannon
County Tyrone
BT71 7DX
| 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: |
Plant and Machinery
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. |
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. |
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For the year ended 30 September 2024
R Wylie Engineering Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
33,900
33,900
| Provision for depreciation and impairment |
8,962
Charge for year
3,741
12,703
21,197
24,938
2023
2024
193,435
210,850
| 4. Trade and other receivables |
2023
2024
59,017
83,941
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
6,275
6,275
55,639
124,532
| Taxation and social security |
36,087
20,244
71,355
74,652
169,356
225,703
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For the year ended 30 September 2024
R Wylie Engineering Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
27,711
33,584
| 7. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 7)
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