REGISTERED NUMBER: NI053629 (Northern Ireland)

BALLYFORDE LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Paul O'Connor

Christine O'Connor

REGISTERED OFFICE:

No 14 Windmill Business Park

19a - 31 Windmill Road

Saintfield

Saintfield

Co. Antrim

BT24 7DX

REGISTERED NUMBER:

NI053629 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Intangible assets

5

-

-

Tangible assets

6

333,580

274,315

333,580

274,315

CURRENT ASSETS

Stocks

2,350

2,675

Receivables: amounts falling due within one year

7

318,574

471,863

Cash at bank and in hand

1,714

1,016

322,638

475,554

PAYABLES

Amounts falling due within one year

8

(265,081

)

(211,619

)

NET CURRENT ASSETS

57,557

263,935

TOTAL ASSETS LESS CURRENT LIABILITIES

391,137

538,250

PAYABLES

Amounts falling due after more than one year

9

(29,451

)

(47,631

)

PROVISIONS FOR LIABILITIES

(13,752

)

(13,752

)

NET ASSETS

347,934

476,867

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

347,932

476,865

347,934

476,867

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 7 August 2025 and were signed on its behalf by:

Paul O'Connor - Director

1.	STATUTORY INFORMATION

Ballyforde 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

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 0, is being amortised evenly over its estimated useful life of nil 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.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Inventories

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

227,881

AMORTISATION

At 1 April 2024

and 31 March 2025

227,881

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

212,100

24,250

210,134

54,846

501,330

Additions

-

39,611

-

56,873

96,484

At 31 March 2025

212,100

63,861

210,134

111,719

597,814

DEPRECIATION

At 1 April 2024

34,997

7,820

130,333

53,865

227,015

Charge for year

4,242

2,554

15,960

14,463

37,219

At 31 March 2025

39,239

10,374

146,293

68,328

264,234

NET BOOK VALUE

At 31 March 2025

172,861

53,487

63,841

43,391

333,580

At 31 March 2024

177,103

16,430

79,801

981

274,315

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,189

117,110

Amounts owed by associates

-

153,691

Other debtors

202,385

201,062

318,574

471,863

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

70,251

71,670

Hire purchase contracts

7,725

7,726

Trade payables

24,250

28,782

Taxation and social security

51,539

97,549

Other payables

111,316

5,892

265,081

211,619

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans

1,980

12,435

Hire purchase contracts

27,471

35,196

29,451

47,631

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £94,263 was owed by the directors (2024 - £200,218) to the company in respect of monies advanced to the directors.