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REGISTERED NUMBER: NI034221 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CREIGHTONS LISBELLAW LIMITED

CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

CREIGHTONS LISBELLAW LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: Mr J J Johnston
Mrs M Johnston



SECRETARY: Mrs M Johnston



REGISTERED OFFICE: Liverpool House
22 Main Street
Lisbellaw
Co. Fermanagh
BT94 5ER



REGISTERED NUMBER: NI034221 (Northern Ireland)



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



BANKERS: Ulster Bank Limited
16 Darling Street
Enniskillen
Co. Fermanagh
BT74 7ER

CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 450,580 472,230
450,580 472,230

CURRENT ASSETS
Stocks 530,544 514,948
Debtors 6 491,354 385,579
Cash at bank and in hand 152,416 199,394
1,174,314 1,099,921
CREDITORS
Amounts falling due within one year 7 653,754 633,380
NET CURRENT ASSETS 520,560 466,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

971,140

938,771

PROVISIONS FOR LIABILITIES 38,871 41,405
NET ASSETS 932,269 897,366

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 932,169 897,266
SHAREHOLDERS' FUNDS 932,269 897,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

BALANCE SHEET - continued
31 DECEMBER 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 6 August 2025 and were signed on its behalf by:





Mr J J Johnston - Director


CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024


1. STATUTORY INFORMATION

Creightons Lisbellaw Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its estimated useful life as follows:-

Freehold property - 2% straight line
Leasehold property - 2% straight line
Plant and machinery - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
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.

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 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 49,000
AMORTISATION
At 1 January 2024
and 31 December 2024 49,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Long
Freehold leasehold Plant and
property Property machinery
£    £    £   
COST
At 1 January 2024 326,424 175,287 238,232
Additions - - 33,700
Disposals - - -
At 31 December 2024 326,424 175,287 271,932
DEPRECIATION
At 1 January 2024 148,655 71,094 158,358
Charge for year 6,528 3,506 17,036
Eliminated on disposal - - -
At 31 December 2024 155,183 74,600 175,394
NET BOOK VALUE
At 31 December 2024 171,241 100,687 96,538
At 31 December 2023 177,769 104,193 79,874

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 79,970 363,496 1,183,409
Additions - - 33,700
Disposals - (26,650 ) (26,650 )
At 31 December 2024 79,970 336,846 1,190,459
DEPRECIATION
At 1 January 2024 71,772 261,300 711,179
Charge for year 1,230 25,049 53,349
Eliminated on disposal - (24,649 ) (24,649 )
At 31 December 2024 73,002 261,700 739,879
NET BOOK VALUE
At 31 December 2024 6,968 75,146 450,580
At 31 December 2023 8,198 102,196 472,230

CREIGHTONS LISBELLAW LIMITED (REGISTERED NUMBER: NI034221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 481,476 376,718
Prepayments and accrued income 9,878 8,861
491,354 385,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 561,248 533,364
Tax 27,435 14,852
Social security and other taxes 4,232 4,050
VAT 31,625 38,794
Directors' current accounts 10,823 20,107
Accrued expenses 18,391 22,213
653,754 633,380

The bank overdrafts are secured by a fixed and floating charge over all of the company's assets. The bank also hold a letter of guarantee from the directors and assignment of life assurance policies of the directors.

CREIGHTONS LISBELLAW LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CREIGHTONS LISBELLAW LIMITED


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 31 December 2024 set out on pages three to nine 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


6 August 2025