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Company Registration No. NI620824 (Northern Ireland)
Allstar Contracts Limited Unaudited accounts for the year ended 31 January 2025
Allstar Contracts Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Allstar Contracts Limited Company Information for the year ended 31 January 2025
Directors
Mr Gary Donnelly Mr John Quinn
Secretary
Mr Gary Donnelly
Company Number
NI620824 (Northern Ireland)
Registered Office
52 Ballyneill Road Ballyronan Magherafelt Derry BT45 6JE United Kingdom
Accountants
O'Neill Consulting (N.I.) Ltd 10 Parklane Magherafelt County Derry BT45 6BF
- 3 -
Allstar Contracts Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
31,787 
41,787 
Tangible assets
5
24,175 
39,447 
55,962 
81,234 
Current assets
Debtors
6
446,025 
523,763 
Cash at bank and in hand
850,342 
427,671 
1,296,367 
951,434 
Creditors: amounts falling due within one year
7
(366,644)
(226,799)
Net current assets
929,723 
724,635 
Total assets less current liabilities
985,685 
805,869 
Creditors: amounts falling due after more than one year
8
(13,831)
(16,066)
Net assets
971,854 
789,803 
Capital and reserves
Called up share capital
18,600 
18,600 
Profit and loss account
953,254 
771,203 
Shareholders' funds
971,854 
789,803 
For the year ending 31 January 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by
Mr Gary Donnelly Director Company Registration No. NI620824
- 4 -
Allstar Contracts Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Allstar Contracts Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI620824. The registered office is 52 Ballyneill Road, Ballyronan, Magherafelt, Derry, BT45 6JE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight line
Computer equipment
20% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is at a rate of 10% Straight Line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2024
100,000 
At 31 January 2025
100,000 
Amortisation
At 1 February 2024
58,213 
Charge for the year
10,000 
At 31 January 2025
68,213 
Net book value
At 31 January 2025
31,787 
At 31 January 2024
41,787 
- 5 -
Allstar Contracts Limited Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2024
22,300 
39,916 
20,762 
82,978 
Additions
- 
- 
1,006 
1,006 
At 31 January 2025
22,300 
39,916 
21,768 
83,984 
Depreciation
At 1 February 2024
18,255 
16,227 
9,049 
43,531 
Charge for the year
4,045 
7,983 
4,250 
16,278 
At 31 January 2025
22,300 
24,210 
13,299 
59,809 
Net book value
At 31 January 2025
- 
15,706 
8,469 
24,175 
At 31 January 2024
4,045 
23,689 
11,713 
39,447 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
15,854 
21,139 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
7,309 
4,407 
Trade debtors
- 
23,602 
Other debtors
438,716 
495,754 
446,025 
523,763 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,235 
2,235 
Taxes and social security
85,944 
51,540 
Loans from directors
21,628 
54,921 
Accruals
256,837 
118,103 
366,644 
226,799 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
13,831 
16,066 
9
Transactions with related parties
Other debtors include amounts due from Allstar Investments Ltd and Allstar Properties Ltd. These amounts are repayable on demand
- 6 -
Allstar Contracts Limited Notes to the Accounts for the year ended 31 January 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -