Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI007506 Mr T Lilburn Mr A Lilburn Mr B Lilburn Mrs S Lilburn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI007506 2023-12-31 NI007506 2024-12-31 NI007506 2024-01-01 2024-12-31 NI007506 frs-core:CurrentFinancialInstruments 2024-12-31 NI007506 frs-core:Non-currentFinancialInstruments 2024-12-31 NI007506 frs-core:BetweenOneFiveYears 2024-12-31 NI007506 frs-core:ComputerEquipment 2024-12-31 NI007506 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI007506 frs-core:ComputerEquipment 2023-12-31 NI007506 frs-core:FurnitureFittings 2024-12-31 NI007506 frs-core:FurnitureFittings 2024-01-01 2024-12-31 NI007506 frs-core:FurnitureFittings 2023-12-31 NI007506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 NI007506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI007506 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 NI007506 frs-core:MotorVehicles 2024-12-31 NI007506 frs-core:MotorVehicles 2024-01-01 2024-12-31 NI007506 frs-core:MotorVehicles 2023-12-31 NI007506 frs-core:PlantMachinery 2024-12-31 NI007506 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI007506 frs-core:PlantMachinery 2023-12-31 NI007506 frs-core:WithinOneYear 2024-12-31 NI007506 frs-core:ShareCapital 2024-12-31 NI007506 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI007506 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI007506 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI007506 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI007506 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI007506 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI007506 frs-bus:Director1 2024-01-01 2024-12-31 NI007506 frs-bus:Director2 2024-01-01 2024-12-31 NI007506 frs-bus:Director3 2024-01-01 2024-12-31 NI007506 frs-bus:Director4 2024-01-01 2024-12-31 NI007506 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI007506 2022-12-31 NI007506 2023-12-31 NI007506 2023-01-01 2023-12-31 NI007506 frs-core:CurrentFinancialInstruments 2023-12-31 NI007506 frs-core:Non-currentFinancialInstruments 2023-12-31 NI007506 frs-core:BetweenOneFiveYears 2023-12-31 NI007506 frs-core:WithinOneYear 2023-12-31 NI007506 frs-core:ShareCapital 2023-12-31 NI007506 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI007506
Northern Excavators Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: NI007506
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 637,199 661,760
637,199 661,760
CURRENT ASSETS
Stocks 5 1,885,347 1,962,233
Debtors 6 365,081 639,455
Cash at bank and in hand 31,253 62,801
2,281,681 2,664,489
Creditors: Amounts Falling Due Within One Year 7 (1,022,105 ) (1,361,544 )
NET CURRENT ASSETS (LIABILITIES) 1,259,576 1,302,945
TOTAL ASSETS LESS CURRENT LIABILITIES 1,896,775 1,964,705
Creditors: Amounts Falling Due After More Than One Year 8 (28,807 ) (17,153 )
NET ASSETS 1,867,968 1,947,552
CAPITAL AND RESERVES
Called up share capital 10 3,900 3,900
Income Statement 1,864,068 1,943,652
SHAREHOLDERS' FUNDS 1,867,968 1,947,552
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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 Income Statement.
On behalf of the board
Mr T Lilburn
Director
30th April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Northern Excavators Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI007506 . The registered office is 103 CULCAVEY ROAD, Newport, Hillsborough, Co Down, BT26 6HH.
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:
Freehold 2% Straight Line
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable 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 company's liability for current tax is calculated using tax rates 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 generally recognised for all taxable timing differences. Deferred tax assets are generally 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 of 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 recovered.
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 the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 922,654 139,666 165,616 16,216
Additions - - 25,330 498
As at 31 December 2024 922,654 139,666 190,946 16,714
Depreciation
As at 1 January 2024 359,867 136,764 73,265 15,637
Provided during the period 18,453 1,543 32,706 606
As at 31 December 2024 378,320 138,307 105,971 16,243
Net Book Value
As at 31 December 2024 544,334 1,359 84,975 471
As at 1 January 2024 562,787 2,902 92,351 579
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Computer Equipment Total
£ £
Cost
As at 1 January 2024 85,133 1,329,285
Additions 6,880 32,708
As at 31 December 2024 92,013 1,361,993
Depreciation
As at 1 January 2024 81,992 667,525
Provided during the period 3,961 57,269
As at 31 December 2024 85,953 724,794
Net Book Value
As at 31 December 2024 6,060 637,199
As at 1 January 2024 3,141 661,760
5. Stocks
2024 2023
£ £
Finished goods 1,885,347 1,962,233
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 227,077 528,942
Other debtors 138,004 110,513
365,081 639,455
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,167 11,166
Trade creditors 566,373 929,160
Bank loans and overdrafts 325,917 169,047
Other creditors 10,775 13,085
Taxation and social security 107,873 239,086
1,022,105 1,361,544
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,807 17,153
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,167 11,166
Later than one year and not later than five years 28,807 17,153
39,974 28,319
39,974 28,319
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,900 3,900
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