Registration number: NI691047

Harry's Mates Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Harry's Mates Ltd

Company Information

Directors

Fiona Kelly Miriam English Sharon Millar Jacqui Nesbitt Ann Murray Samuel Trevor English

Company secretary

Angelina Thomson

Registered office

16 Market House The Square Ballynahinch Co. Down BT24 8AE

Harry's Mates Ltd

(Registration number: NI691047)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	1	1
Tangible assets	5	16,154	20,334
		16,155	20,335
Current assets
Debtors	6	20,472	33,087
Cash at bank and in hand		5,586	4,904
		26,058	37,991
Creditors: Amounts falling due within one year	7	(28,375)	(21,809)
Net current (liabilities)/assets		(2,317)	16,182
Net assets		13,838	36,517
Reserves
Retained earnings		13,838	36,517
Surplus		13,838	36,517

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2025 and signed on its behalf by:
 

......................................... Fiona Kelly Director

Harry's Mates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a company limited by guarantee, incorporated in Northern Ireland , and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
16 Market House
The Square
Ballynahinch
Co. Down
BT24 8AE
Northern Ireland

These financial statements were authorised for issue by the Board on 29 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Harry's Mates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Harry's Mates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 14).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2023	1	1
At 30 September 2024	1	1
Amortisation
Carrying amount
At 30 September 2024	1	1
At 30 September 2023	1	1

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	25,417	25,417
Additions	1,455	1,455
Disposals	(432)	(432)
At 30 September 2024	26,440	26,440
Depreciation
At 1 October 2023	5,083	5,083
Charge for the year	5,288	5,288
Eliminated on disposal	(85)	(85)
At 30 September 2024	10,286	10,286
Carrying amount
At 30 September 2024	16,154	16,154
At 30 September 2023	20,334	20,334

Harry's Mates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

	2024 £	2023 £
Other debtors	20,472	33,087
	20,472	33,087

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	341	2,894
Taxation and social security	19,813	5,284
Accruals and deferred income	6,317	13,006
Other creditors	1,904	625
	28,375	21,809