| Noel Eakin & Sons Limited |
| Registered Number:NI027852 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
Noel Eakin & Sons Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Noel Eakin & Sons Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
588,650
421,343
2
588,650
421,343
512,285
571,071
4
| Trade and other receivables |
7,483,232
6,304,412
5
8,116,085
| Cash and cash equivalents |
8,415,639
15,291,122
16,111,602
| Trade and other payables: amounts falling due within one |
| year |
(601,549)
(977,910)
6
15,510,053
14,313,212
Net current assets
| Total assets less current liabilities |
14,901,862
15,931,396
(123,722)
(79,252)
| Provisions for liabilities |
14,778,140
Net assets
15,852,144
62
2
14,778,078
15,852,142
14,778,140
15,852,144
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 18 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Noel Eakin & Sons Limited
Notes to the Financial Statements
Statutory Information
| Noel Eakin & Sons Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI027852. |
Carn Business Park
19 Carn Road
Portadown
Armagh
BT63 5WG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 31 December 2024
Noel Eakin & Sons Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
1,260,924
240,411
1,020,513
289,069
21,850
267,219
(11,750)
-
(11,750)
1,287,732
250,511
1,538,243
| Provision for depreciation and impairment |
839,581
108,517
731,064
Charge for year
118,975
35,451
83,524
(8,963)
(8,963)
-
949,593
135,005
814,588
473,144
115,506
588,650
289,449
131,894
421,343
| The companys Investment Properties were valued in September 2025 on the basis of an open market value for exisitng use by Michael Hannath Property Consultancy and Estate Agents. The valuations were undertaken in accordance with the Appraisal and Valuations Standards of the Royal Institute of Chartered Surveyors in the United Kingdom. The valuations resulted in a reduction in value, which has been moved through the revaluation reserve. |
2023
2024
571,071
512,285
| 5. Trade and other receivables |
2023
2024
501,071
566,322
| Amounts owed by group undertakings and participating interests |
5,572,816
6,704,930
230,525
211,980
7,483,232
6,304,412
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For the year ended 31 December 2024
Noel Eakin & Sons Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
3,411
-
679,447
311,151
| Taxation and social security |
122,343
142,736
172,709
147,662
977,910
601,549
| 7. Average number of persons employed |
During the year the average number of employees was 20 (2023 : 19)
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