REGISTERED NUMBER: NI004298 (Northern Ireland)

JOSEPH HARLEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Joseph Harley

REGISTERED OFFICE:

34 Main Street

STRABANE

Co. Tyrone

BT82 8AS

REGISTERED NUMBER:

NI004298 (Northern Ireland)

ACCOUNTANTS:

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Danske Bank

Business Banking

PO Box 183

Donegal Square West

BELFAST

BT1 6JS

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's director, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 January 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

This report is made solely to the company's members as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body for this report.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

24 September 2025

FIXED ASSETS

Tangible assets

4

141,066

145,501

CURRENT ASSETS

Stocks

60,000

60,000

Debtors

5

14,020

12,337

Cash at bank and in hand

177,673

140,377

251,693

212,714

CREDITORS

Amounts falling due within one year

6

225,907

199,992

NET CURRENT ASSETS

25,786

12,722

TOTAL ASSETS LESS CURRENT LIABILITIES

166,852

158,223

ACCRUALS AND DEFERRED INCOME

10,155

10,733

NET ASSETS

156,697

147,490

CAPITAL AND RESERVES

Called up share capital

60

60

Retained earnings

156,637

147,430

SHAREHOLDERS' FUNDS

156,697

147,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

Joseph Harley - Director

1.	STATUTORY INFORMATION

Joseph Harley Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are prepared in sterling which is the functional currency of the Company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for

impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% straight line

Fixtures & fittings - 20% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates an executive pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

One director is accruing benefits under a money purchase scheme.

Deferred government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

property

& fittings

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

220,000

11,397

231,397

DEPRECIATION

At 1 February 2024

74,677

11,219

85,896

Charge for year

4,400

35

4,435

At 31 January 2025

79,077

11,254

90,331

NET BOOK VALUE

At 31 January 2025

140,923

143

141,066

At 31 January 2024

145,323

178

145,501

Cost or valuation at 31 January 2025 is represented by:

Freehold

Fixtures

property

& fittings

Totals

£

£

£

Valuation in 2012

175,330

-

175,330

Cost

44,670

11,397

56,067

220,000

11,397

231,397

If Freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

44,670

44,670

Freehold property was valued on an open market basis on 31 January 2012 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,020

12,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

14,513

20,620

Social security and other taxes

13,919

11,151

Other creditors

18,701

14,842

Directors' current accounts

178,774

153,379

225,907

199,992

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Joseph Harley.