| Flood Control (NI) Limited |
| Registered Number:NI069120 |
For the year ended 31 December 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2024
Flood Control (NI) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Flood Control (NI) Limited
Statement of Financial Position
2023
2024
41,350
41,350
2
| Property, plant and equipment |
6,676
13,303
3
48,026
54,653
608,934
517,423
4
| Trade and other receivables |
963,839
929,946
5
185,837
| Cash and cash equivalents |
613,301
2,060,670
1,758,610
| Trade and other payables: amounts falling due within one |
| year |
(1,703,680)
(1,780,586)
6
54,930
280,084
Net current assets
| Total assets less current liabilities |
328,110
109,583
328,110
Net assets
109,583
1
1
328,109
109,582
328,110
109,583
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 directors acknowledge their 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. |
| Mr Charles Caldwell Director |
| These financial statements were approved and authorised for issue by the Board on 24 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
Flood Control (NI) Limited
Notes to the Financial Statements
Statutory Information
| Flood Control (NI) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI069120. |
Enterprise House
Balloo Avenue
Bangor
BT19 7QT
| 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. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
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
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
Flood Control (NI) Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
41,350
41,350
41,350
41,350
| 3. Property, plant and equipment |
Motor Vehicles
58,239
2,078
24,740
31,421
-
(12,995)
-
(12,995)
31,421
11,745
2,078
45,244
| Provision for depreciation and impairment |
44,936
982
16,255
27,699
Charge for year
1,830
164
922
744
(8,198)
-
(8,198)
-
38,568
1,146
8,979
28,443
2,978
2,766
932
6,676
3,722
8,485
1,096
13,303
2023
2024
517,423
608,934
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For the year ended 31 December 2024
Flood Control (NI) Limited
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2023
2024
565,240
635,033
364,706
328,806
963,839
929,946
| The debtors above include the following amounts falling due after more than one year: |
327,787
291,887
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
241,810
403,195
| Taxation and social security |
170,192
111,073
1,368,584
1,189,412
1,780,586
1,703,680
| 7. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 12)
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