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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
4 |
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Officers and Professional Advisers |
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The board of directors |
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Company secretary |
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Registered office |
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Northern Ireland |
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Accountants |
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Chartered accountants |
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Linenhall Exchange |
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1st Floor, |
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26 Linenhall Street |
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Belfast |
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Northern Ireland |
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BT2 8BG |
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Bankers |
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13 Market Street |
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Lurgan |
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BT66 6AR |
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Solicitors |
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11-18 Great Victoria Street |
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Belfast |
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BT2 7BA |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Tangible assets |
5 |
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Stocks |
6 |
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Debtors |
7 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
8 |
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------------ |
------------ |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Taxation including deferred tax |
11 |
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Other provisions |
11 |
– |
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--------- |
--------- |
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135,116 |
154,276 |
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------------ |
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Net assets |
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Called up share capital |
15 |
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Profit and loss account |
16 |
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------------ |
------------ |
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Shareholders funds |
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Statement of Financial Position (continued) |
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Director |
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Notes to the Financial Statements |
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Leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Computer equipment |
- |
33
% straight line |
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Land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 31 Aug 2023 |
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198,769 |
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Additions |
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– |
8,164 |
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-------- |
------------ |
-------- |
-------- |
--------- |
------------ |
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At 30 Aug 2024 |
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206,933 |
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-------- |
------------ |
-------- |
-------- |
--------- |
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Depreciation |
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At 31 Aug 2023 |
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178,120 |
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Charge for the year |
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11,345 |
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-------- |
------------ |
-------- |
-------- |
--------- |
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At 30 Aug 2024 |
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189,465 |
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-------- |
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Carrying amount |
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At 30 Aug 2024 |
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17,468 |
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-------- |
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At 30 Aug 2023 |
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20,649 |
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-------- |
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-------- |
-------- |
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Plant and machinery |
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£ |
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At 30 August 2024 |
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--------- |
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At 30 August 2023 |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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Work in progress |
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Finished goods and goods for resale |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by undertakings in which the company has a participating interest |
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Prepayments and accrued income |
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Other debtors |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
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Deferred tax (note 12) |
User defined class 1 |
Total |
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£ |
£ |
£ |
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At 31 August 2023 |
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19,160 |
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Charge against provision |
– |
(
19,160) |
(
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--------- |
-------- |
--------- |
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At 30 August 2024 |
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– |
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--------- |
-------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 11) |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Government grants recognised directly in income |
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-------- |
-------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100,000 |
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100,000 |
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--------- |
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Transaction value |
Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Technical Metals Limited |
111,745
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110,567
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1,745,135 |
1,633,390 |
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Abbicoil Springs Limited
|
– |
– |
(
27,000) |
(
27,000) |
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Coric Developments Limited
|
6,000
|
– |
27,122 |
21,122 |
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--------- |
--------- |
------------ |
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