12
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2024-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
NI046120
2024-04-01
2025-03-31
NI046120
2025-03-31
NI046120
2024-03-31
NI046120
2023-04-01
2024-03-31
NI046120
2024-03-31
NI046120
2023-03-31
NI046120
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-04-01
2025-03-31
NI046120
core:LandBuildings
core:LongLeaseholdAssets
2024-04-01
2025-03-31
NI046120
core:PlantMachinery
2024-04-01
2025-03-31
NI046120
core:FurnitureFittings
2024-04-01
2025-03-31
NI046120
core:MotorVehicles
2024-04-01
2025-03-31
NI046120
bus:Director1
2024-04-01
2025-03-31
NI046120
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
NI046120
core:LandBuildings
core:LongLeaseholdAssets
2024-03-31
NI046120
core:PlantMachinery
2024-03-31
NI046120
core:FurnitureFittings
2024-03-31
NI046120
core:MotorVehicles
2024-03-31
NI046120
core:LandBuildings
core:OwnedOrFreeholdAssets
2025-03-31
NI046120
core:LandBuildings
core:LongLeaseholdAssets
2025-03-31
NI046120
core:PlantMachinery
2025-03-31
NI046120
core:FurnitureFittings
2025-03-31
NI046120
core:MotorVehicles
2025-03-31
NI046120
core:WithinOneYear
2025-03-31
NI046120
core:WithinOneYear
2024-03-31
NI046120
core:ShareCapital
2025-03-31
NI046120
core:ShareCapital
2024-03-31
NI046120
core:RetainedEarningsAccumulatedLosses
2025-03-31
NI046120
core:RetainedEarningsAccumulatedLosses
2024-03-31
NI046120
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
NI046120
core:LandBuildings
core:LongLeaseholdAssets
2024-03-31
NI046120
core:PlantMachinery
2024-03-31
NI046120
core:FurnitureFittings
2024-03-31
NI046120
core:MotorVehicles
2024-03-31
NI046120
bus:SmallEntities
2024-04-01
2025-03-31
NI046120
bus:AuditExemptWithAccountantsReport
2024-04-01
2025-03-31
NI046120
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
NI046120
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
NI046120
bus:FullAccounts
2024-04-01
2025-03-31
COMPANY REGISTRATION NUMBER:
NI046120
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
5 |
|
297,929 |
|
300,390 |
|
|
|
|
|
|
Current assets
|
Stocks |
110,000 |
|
99,370 |
|
|
Debtors |
6 |
117,773 |
|
99,543 |
|
|
Investments |
7 |
2,000 |
|
2,000 |
|
|
Cash at bank and in hand |
71,140 |
|
30,766 |
|
|
--------- |
|
--------- |
|
|
300,913 |
|
231,679 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
163,668 |
|
105,326 |
|
|
--------- |
|
--------- |
|
|
Net current assets |
|
137,245 |
|
126,353 |
|
|
--------- |
|
--------- |
|
Total assets less current liabilities |
|
435,174 |
|
426,743 |
|
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
1,656 |
|
2,433 |
|
|
--------- |
|
--------- |
|
Net assets |
|
433,518 |
|
424,310 |
|
|
--------- |
|
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2,000 |
|
2,000 |
|
Profit and loss account |
|
431,518 |
|
422,310 |
|
|
--------- |
|
--------- |
|
Shareholders funds |
|
433,518 |
|
424,310 |
|
|
--------- |
|
--------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
6 August 2025
, and are signed on behalf of the board by:
Company registration number:
NI046120
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 2 Charlemont Square East, Bessbrook, Newry, Co Down, BT35 7AD.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant effect on amounts recognised in the financial statements are discussed below: Estimate of useful life for fixed assets Fixed assets comprise a significant portion of the total assets. The annual depreciation charge depends primarily on the estimated lives of each type of asset and, in certain circumstances, estimates of fair values and residual values. The directors annually review theses asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Deferred taxation
Deferred taxation is calculated on the differences between the company's taxable profits and the results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. In calculating the amount of deferred tax discounting is used where appropriate. Current taxation Current taxation is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
2% straight line |
|
Long leasehold property |
- |
2% straight line |
|
Plant & machinery |
- |
10% reducing balance |
|
Fixtures & fittings |
- |
10% reducing balance |
|
|
|
|
|
Motor vehicles |
- |
12% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. The assets of the scheme are held separately from those of the company.
Employee benefits
The company provides a range of benefits to employees, including paid holiday arrangements and annual bonus arrangements.
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received. The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.
Trade debtors
Trade and other debtors including amounts owed by group companies are recognised initially at transaction price. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables.
Cash and cash equivalents
Cash and equivalents include cash on hand and demand deposits. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position.
Trade creditors and accruals
Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transition price and subsequently at amortised cost.
Share capital
Ordinary shares are classified as equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2024:
12
).
5.
Tangible assets
|
Freehold property |
Long leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
|
|
At 1 Apr 2024 |
111,780 |
200,476 |
36,589 |
4,589 |
10,920 |
364,354 |
|
Additions |
– |
– |
– |
– |
5,900 |
5,900 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
At 31 Mar 2025 |
111,780 |
200,476 |
36,589 |
4,589 |
16,820 |
370,254 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
Depreciation |
|
|
|
|
|
|
|
At 1 Apr 2024 |
8,942 |
16,038 |
27,049 |
3,646 |
8,289 |
63,964 |
|
Charge for the year |
2,236 |
4,010 |
954 |
94 |
1,067 |
8,361 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
At 31 Mar 2025 |
11,178 |
20,048 |
28,003 |
3,740 |
9,356 |
72,325 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
Carrying amount |
|
|
|
|
|
|
|
At 31 Mar 2025 |
100,602 |
180,428 |
8,586 |
849 |
7,464 |
297,929 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
At 31 Mar 2024 |
102,838 |
184,438 |
9,540 |
943 |
2,631 |
300,390 |
|
--------- |
--------- |
-------- |
------- |
-------- |
--------- |
|
|
|
|
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
93,009 |
73,635 |
|
Other debtors |
24,764 |
25,908 |
|
--------- |
-------- |
|
117,773 |
99,543 |
|
--------- |
-------- |
|
|
|
7.
Investments
|
2025 |
2024 |
|
£ |
£ |
|
Other investments |
2,000 |
2,000 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
55 |
3,412 |
|
Trade creditors |
106,140 |
69,746 |
|
Corporation tax |
5,497 |
11 |
|
Social security and other taxes |
3,211 |
– |
|
Other creditors |
48,765 |
32,157 |
|
--------- |
--------- |
|
163,668 |
105,326 |
|
--------- |
--------- |
|
|
|
9.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.