Aughrim Building Company Ltd NI054676 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the construction of residential and retail units Digita Accounts Production Advanced 6.30.9574.0 true NI054676 2024-04-01 2025-03-31 NI054676 2025-03-31 NI054676 bus:OrdinaryShareClass1 2025-03-31 NI054676 core:CurrentFinancialInstruments 2025-03-31 NI054676 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 NI054676 core:FurnitureFittingsToolsEquipment 2025-03-31 NI054676 core:OtherPropertyPlantEquipment 2025-03-31 NI054676 bus:SmallEntities 2024-04-01 2025-03-31 NI054676 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI054676 bus:FilletedAccounts 2024-04-01 2025-03-31 NI054676 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI054676 bus:RegisteredOffice 2024-04-01 2025-03-31 NI054676 bus:Director1 2024-04-01 2025-03-31 NI054676 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 NI054676 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI054676 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI054676 core:OfficeEquipment 2024-04-01 2025-03-31 NI054676 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 NI054676 core:PlantMachinery 2024-04-01 2025-03-31 NI054676 countries:NorthernIreland 2024-04-01 2025-03-31 NI054676 2024-03-31 NI054676 core:FurnitureFittingsToolsEquipment 2024-03-31 NI054676 core:OtherPropertyPlantEquipment 2024-03-31 NI054676 2023-04-01 2024-03-31 NI054676 2024-03-31 NI054676 bus:OrdinaryShareClass1 2024-03-31 NI054676 core:CurrentFinancialInstruments 2024-03-31 NI054676 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI054676 core:FurnitureFittingsToolsEquipment 2024-03-31 NI054676 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI054676

Aughrim Building Company Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Aughrim Building Company Ltd

(Registration number: NI054676)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

468

1,000

Current assets

 

Stocks

5

10,931

20,000

Debtors

6

142,427

126,783

Cash at bank and in hand

 

541,614

553,369

 

694,972

700,152

Creditors : due within one year

7

(101,376)

(111,291)

Net current assets

 

593,596

588,861

Net assets

 

594,064

589,861

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

594,062

589,859

Shareholders' funds

 

594,064

589,861

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 July 2025
 

.........................................
Mr Shane Doherty
Director

 

Aughrim Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Aughrim House, Aughrim Lane, Creagh, Toomebridge, BT41 3ST.

These financial statements were authorised for issue by the director on 4 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Aughrim Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line basis

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stock and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Aughrim Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

4

Tangible assets

Office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

7,070

15,229

22,299

Additions

624

-

624

At 31 March 2025

7,694

15,229

22,923

Depreciation

At 1 April 2024

7,070

14,229

21,299

Charge for the year

156

1,000

1,156

At 31 March 2025

7,226

15,229

22,455

Carrying amount

At 31 March 2025

468

-

468

At 31 March 2024

-

1,000

1,000

 

Aughrim Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stock and work in progress

2025
£

2024
£

Work in progress

10,931

20,000

6

Debtors

2025
£

2024
£

Trade debtors

136,448

117,087

Prepayments

-

810

Other debtors

5,979

8,886

 

142,427

126,783

7

Creditors: due within one year

2025
£

2024
£

Trade creditors

21,783

39,537

Taxation and social security

33,985

43,302

Accruals and deferred income

7,297

7,511

Other creditors

38,311

20,941

101,376

111,291

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2