Carrick Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI644160

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		51,316		87,598

			51,316		87,598
CURRENT ASSETS
Stocks	5	305,100		220,000
Debtors	6	69,139		102,739
Cash at bank and in hand		15,497		73,923

		389,736		396,662
Creditors: Amounts Falling Due Within One Year	7	(502,633 )		(427,783 )

NET CURRENT ASSETS (LIABILITIES)			(112,897 )		(31,121 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(61,581 )		56,477

Creditors: Amounts Falling Due After More Than One Year	8		(3,975 )		(22,244 )

NET (LIABILITIES)/ASSETS			(65,556 )		34,233

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(66,556 )		33,233

SHAREHOLDERS' FUNDS			(65,556)		34,233

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Carrick Engineering Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Connor Meehan

Director

23/04/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Carrick Engineering Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI644160 . The registered office is 3 Fyfin Road Victoria Bridge Industrial Estate, Victoria Bridge, Strabane, Tyrone, BT82 9JQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Straight Line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	83,405	63,680	147,085
Additions	5,690	2,500	8,190
Disposals	-	(35,980 )	(35,980 )

As at 31 December 2024	89,095	30,200	119,295

...CONTINUED

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Carrick Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	40,851	18,636	59,487
Provided during the period	9,648	6,040	15,688
Disposals	-	(7,196 )	(7,196 )

As at 31 December 2024	50,499	17,480	67,979

Net Book Value
As at 31 December 2024	38,596	12,720	51,316

As at 1 January 2024	42,554	45,044	87,598

5. Stocks

	2024	2023
	£	£
Finished goods	305,100	220,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	50,286	65,998
Other debtors	18,853	36,741

	69,139	102,739

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	139,090	80,034
Bank loans and overdrafts	7,142	7,609
Other creditors	332,000	307,000
Taxation and social security	24,401	33,140

	502,633	427,783

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	3,975	11,097
Other creditors	-	11,147

	3,975	22,244

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

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