IRIS Accounts Production v25.2.0.378 NI038919 director 1.1.24 31.12.24 31.12.24 18.9.25 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh NI038919 2023-12-31 NI038919 2024-12-31 NI038919 2024-01-01 2024-12-31 NI038919 2022-12-31 NI038919 2023-01-01 2023-12-31 NI038919 2023-12-31 NI038919 ns15:NorthernIreland 2024-01-01 2024-12-31 NI038919 ns14:PoundSterling 2024-01-01 2024-12-31 NI038919 ns10:Director1 2024-01-01 2024-12-31 NI038919 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI038919 ns10:SmallEntities 2024-01-01 2024-12-31 NI038919 ns10:Audited 2024-01-01 2024-12-31 NI038919 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 NI038919 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI038919 ns10:FullAccounts 2024-01-01 2024-12-31 NI038919 ns10:CompanySecretary1 2024-01-01 2024-12-31 NI038919 ns10:RegisteredOffice 2024-01-01 2024-12-31 NI038919 ns5:CurrentFinancialInstruments 2024-12-31 NI038919 ns5:CurrentFinancialInstruments 2023-12-31 NI038919 ns5:ShareCapital 2024-12-31 NI038919 ns5:ShareCapital 2023-12-31 NI038919 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 NI038919 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 NI038919 ns5:PlantMachinery 2023-12-31 NI038919 ns5:PlantMachinery 2024-12-31 NI038919 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 NI038919 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 NI038919 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2024-12-31 NI038919 ns5:AfterOneYear ns5:Non-currentFinancialInstruments 2023-12-31 NI038919 ns5:WithinOneYear 2024-12-31 NI038919 ns5:WithinOneYear 2023-12-31 NI038919 ns5:BetweenOneFiveYears 2024-12-31 NI038919 ns5:BetweenOneFiveYears 2023-12-31 NI038919 ns5:AllPeriods 2024-12-31 NI038919 ns5:AllPeriods 2023-12-31

REGISTERED NUMBER: NI038919 (Northern Ireland)

| Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Buchanan's (Northern Ireland) Limited |

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Buchanan's (Northern Ireland) Limited |

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | C.M. Rae

| SECRETARY: | D.A. Finch

| REGISTERED OFFICE: | Unit 22

| Avondale Business Park

| Ballyclare

| Co. Antrim

| BT39 9AU

| REGISTERED NUMBER: | NI038919 (Northern Ireland)

| AUDITORS: | Henderson & Company

| 73 Union Street

| Greenock

| Renfrewshire

| PA16 8BG

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Statement of Financial Position

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Stocks | 210,396 |  | 260,941 |  |

Debtors | 5 | 258,685 |  | 280,225 |  |

Cash at bank | 7,864 |  | 12,742 |  |

476,945 |  | 553,908 |  |

CREDITORS

Amounts falling due within one year | 6 | 290,319 |  | 431,660 |  |

NET CURRENT ASSETS | 186,626 |  | 122,248 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 186,626 |  | 122,248 |  |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | 186,625 |  | 122,247 |  |

SHAREHOLDERS' FUNDS | 186,626 |  | 122,248 |  |

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 director and authorised for issue on 18 September 2025 and were signed by:

C.M. Rae - Director

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Buchanan's (Northern Ireland) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with the 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. These financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

| Tangible fixed assets

| Depreciation is provided at annual rates between 25% and 33% in order to write off each asset over its estimated useful life.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| The tax expense for the year comprises current and deferred tax.

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

| Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

| Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

| Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Provisions

| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as an interest expense.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

| Creditors

| Basic financial instruments are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 7 ) .

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 32,484 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 32,484 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

5. | DEBTORS

2024 | 2023 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 253,145 |  | 280,145 |  |

| Other debtors | 1,323 |  | 80 |  |

254,468 |  | 280,225 |  |

| Amounts falling due after more than one year:

| Other debtors | 4,217 |  | - |  |

| Aggregate amounts | 258,685 |  | 280,225 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 175,851 |  | 305,201 |  |

| Amounts owed to group undertakings | 51,837 |  | - |  |

| Taxation and social security | 36,595 |  | 44,645 |  |

| Other creditors | 26,036 |  | 81,814 |  |

290,319 |  | 431,660 |  |

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2024 | 2023 |

£ | £ |

| Within one year | 41,072 |  | - |  |

| Between one and five years | 85,538 |  | - |  |

126,610 |  | - |  |

| Buchanan's (Northern Ireland) Limited (Registered number: NI038919) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was qualified on the following basis:

| Basis for opinion

| We were not appointed as auditor until after 31 December 2024 and thus did not observe the counting of physical inventories at the year end. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2024, which are included in the balance sheet at £210,396, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary and our opinion on the company's financial statements is qualified.

| Robert Henderson (Senior Statutory Auditor)

| for and on behalf of Henderson & Company

9. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary of Golden Casket (Greenock) Limited. Mr C.M. Rae owns 100% of the issued ordinary share capital of Golden Casket (Greenock) Limited and is therefore the ultimate controlling party.