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Registration number: NI604898

Ebrington (NI) Ltd
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 December 2024

Ebrington (NI) Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

Ebrington (NI) Ltd

Company Information

Directors | Mr Peter James White Mrs Yvonne White Mr Alwyn White Mrs Lorna White Mr Raymond White Mrs Stella Gillian White

Company secretary | Mr Peter James White

Registered office | 1a Carrakeel Drive Maydown Co Londonderry BT47 6UQ

Accountants | Thomas Oliver and Associates Limited Certified Public Accountants 1 Moygashel Mills Park Dungannon Co Tyrone BT71 7DH

Ebrington (NI) Ltd

(Registration number: NI604898)
Abridged Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 11,985 | 14,005
Tangible assets | 5 | 575,487 | 550,287
|  | 587,472 | 564,292
Current assets |  |  |
Stocks | 6 | 465,958 | 385,597
Debtors | 7 | 423,168 | 249,927
Cash at bank and in hand |  | 1,533,887 | 1,910,140
|  | 2,423,013 | 2,545,664
Prepayments and accrued income |  | 25,722 | 22,658
Creditors: Amounts falling due within one year |  | (433,531) | (303,840)
Net current assets |  | 2,015,204 | 2,264,482
Total assets less current liabilities |  | 2,602,676 | 2,828,774
Provisions for liabilities |  | (35,353) | (33,690)
Accruals and deferred income |  | (3,450) | (36,143)
Net assets |  | 2,563,873 | 2,758,941
Capital and reserves |  |  |
Called up share capital | 8 | 6 | 6
Retained earnings |  | 2,563,867 | 2,758,935
Shareholders' funds |  | 2,563,873 | 2,758,941

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Ebrington (NI) Ltd

(Registration number: NI604898)
Abridged Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:

.........................................

Mr Alwyn White

Director

.........................................

Mr Raymond White

Director

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1 | General information

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

The address of its registered office is:
1a Carrakeel Drive
Maydown
Co Londonderry
BT47 6UQ

These financial statements were authorised for issue by the Board on 9 June 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Property | 5% straght line
Fixtures and fittings | 2% straight line
Plant and machinery | 10% straight line
Motor Vehicles | 20% straight line

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 17).

4 | Intangible assets

| Total £
Cost or valuation
At 1 January 2024 | 40,400
At 31 December 2024 | 40,400
Amortisation
At 1 January 2024 | 26,395
Amortisation charge | 2,020
At 31 December 2024 | 28,415
Carrying amount
At 31 December 2024 | 11,985
At 31 December 2023 | 14,005

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 455,400 | 245,949 | 150,040 | 31,995 | 883,384
Additions | - | 4,985 | 96,288 | - | 101,273
Disposals | - | - | (70,888) | - | (70,888)
At 31 December 2024 | 455,400 | 250,934 | 175,440 | 31,995 | 913,769
Depreciation
At 1 January 2024 | 48,473 | 212,847 | 62,420 | 9,357 | 333,097
Charge for the year | - | 12,683 | 25,776 | 3,207 | 41,666
Eliminated on disposal | - | - | (36,481) | - | (36,481)
At 31 December 2024 | 48,473 | 225,530 | 51,715 | 12,564 | 338,282
Carrying amount
At 31 December 2024 | 406,927 | 25,404 | 123,725 | 19,431 | 575,487
At 31 December 2023 | 406,927 | 33,102 | 87,620 | 22,638 | 550,287

Included within the net book value of land and buildings above is £406,927 (2023 - £406,927) in respect of freehold land and buildings.

Ebrington (NI) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

6 | Stocks

| 2024 £ | 2023 £
Other inventories | 465,958 | 385,597

7 | Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary of £1 each | 6 | 6 | 6 | 6

9 | Dividends

|  | 2024 |  | 2023
|  | £ |  | £
Final dividend of £Nil (2023 - £Nil) per ordinary share |  | - |  | -
Interim dividend of £37,000.00 (2023 - £37,000.00) per ordinary share |  | 222,000 |  | 222,000
|  | 222,000 |  | 222,000