Assess Ireland Limited iXBRL

Company Registration Number: NI675021

Assess Ireland Limited

Director's Report and Unaudited Financial Statements

for the financial year ended 31 December 2024

Assess Ireland Limited

DIRECTOR AND OTHER INFORMATION


Director	Conor Deasy


Company Secretary	Padraig O'Sullivan


Company Registration Number	NI675021


Registered Office and Business Address	C/O Tughans Llp, The Ewart, 3 Bedford Square,
	Belfast
	Antrim
	BT2 7EP


Accountants	CSG Professional Services UK Ltd.
	Certified Public Accountants
	3 Day Place
	Tralee
	Co.Kerry


Bankers	Bank of Ireland UK
	7 Townhall Street
	Enniskillen
	BT74 7BD
	United Kingdom

Assess Ireland Limited

DIRECTOR'S REPORT

for the financial year ended 31 December 2024

The director presents their report and the unaudited financial statements for the financial year ended 31 December 2024.

Principal Activity

The company principal activity is that of engineer assessors for assessment of damaged claims on behalf of insurance commpanies and the general public.

Results and Dividends

The (loss)/profit for the financial year amounted to £(1,506) (2023 - £805).

Director

The director who served during the financial year is as follows:

Conor Deasy

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Conor Deasy

Director

12 September 2025

Assess Ireland Limited

Company Registration Number: NI675021

BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£

Current Assets

Debtors

4,236

2,661

Cash and cash equivalents

3,332

3,161

─────────

7,568

5,822

─────────

Creditors: amounts falling due within one year

(13,414)

(10,162)

─────────

Net Current Liabilities

(5,846)

(4,340)

─────────

Total Assets less Current Liabilities

(5,846)

(4,340)

═════════

Capital and Reserves

Called up share capital

Retained earnings

(5,847)

(4,341)

─────────

Equity attributable to owners of the company

(5,846)

(4,340)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account.

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

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 12 September 2025



________________________________
Conor Deasy
Director

Assess Ireland Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Assess Ireland Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI675021. The registered office of the company is C/O Tughans Llp, The Ewart, 3 Bedford Square,, Belfast, Antrim, BT2 7EP which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company‘s taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Significant accounting judgements and key sources of estimation uncertainty

The financial statements have been prepared on the going concern basis, which assumes the company will continue in operational existence for the foreseeable future. The company incurred a loss of £1,506 in the current year and at 31st December 2024 the company had net liabilities of £5,846 (2023: £4,430). The company has no external finance and has the continued support of its parent company. The directors believe that sufficient financial resources are available to enable the company to meet its obligations as they fall due, covering a period of not less than 12 months from the date of approval of the financial statements. In forming their view, the directors have taken into consideration the future financial requirements of the company, cash position and parent company support. The directors believe that this uncertainty does not represent a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Employees

The average monthly number of employees, including director, during the financial year was 2, (2023 - 2).


5.	Debtors	2024	2023
		£	£

	Trade debtors	13	-
	Taxation (Note 7)	1,979	1,497
	Prepayments and accrued income	2,244	1,164
		─────────	─────────
		4,236	2,661
		═════════	═════════

	All debtors are due within one year. Debtors are shown net of impairment for bad debts of €Nil (2023: €Nil). Bad debts expensed to the profit and loss in the year was €Nil (2023: €Nil)

Creditors

2024

2023

Amounts falling due within one year

Trade creditors

2,556

1,572

Amounts owed to group undertakings

6,575

6,575

Taxation (Note 7)

612

392

Accruals

3,671

1,623

─────────

13,414

10,162

═════════

The repayment terms of trade creditors vary between on demand and ninety days. No interest is payable on trade creditors.

Amounts due to group company is unsecured, interest free and repayable on demand.

Tax and social insurance are subject to the terms of the relevant legislation. Interest accrues on late payment. No interest was due at the financial year end date.

The terms of the accruals are based on the underlying contracts


7.	Taxation	2024	2023
		£	£

	Debtors:
	VAT	1,979	1,497
		═════════	═════════
	Creditors:
	PAYE / NI	612	392
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

10.

Parent company

The company regards Motor Assess Ireland Limited as its parent company. The ultimate controlling party is Motor Assess Ireland Limited The group is exempt from producing group accounts.

11.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

Assess Ireland Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 31 December 2024

	2024		2023
	£		£

Sales

67,681

63,877

─────────

Gross profit Percentage

100.0%

100.0%

─────────

Administrative expenses

Wages and salaries	48,553	42,691
Social security costs	-	476
Staff defined contribution pension costs	708	1,017
Staff training	-	856
Insurance	4,512	1,591
Leasing Motor Expenses	11,590	11,650
Printing, postage and stationery	78	13
Motor expenses	380	1,443
Travelling and entertainment	77	292
Legal and professional	932	791
Accountancy	2,000	1,458
Bank charges	357	615
General expenses	-	38
Subscriptions	-	141
	─────────	─────────
	69,187	63,072
	─────────	─────────

Net (loss)/profit	(1,506)	805
	═════════	═════════