REGISTERED NUMBER: NI040031 (Northern Ireland)

Financial Statements for the Year Ended 31 July 2025

for

Retail NI Trade Assoc Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

P J Doody

P A McBride

N R McRobbie

G Roberts

P G McCool

D T Barber

A R Davis

J G Crawford

Mrs H Wall

N Maxwell

C O'Reilly

A M McErlean

K S Patterson

T Magill

SECRETARY:

G Roberts

REGISTERED OFFICE:

245 Upper Newtownards Road

Belfast

Co. Antrim

BT4 3JF

REGISTERED NUMBER:

NI040031 (Northern Ireland)

AUDITORS:

Lynn Drake & Co Ltd

Statutory Auditors

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

FIXED ASSETS

Tangible assets

5

1,660

2,797

CURRENT ASSETS

Debtors

6

37,271

61,949

Cash at bank and in hand

253,123

221,355

290,394

283,304

CREDITORS

Amounts falling due within one year

7

10,048

10,818

NET CURRENT ASSETS

280,346

272,486

TOTAL ASSETS LESS CURRENT LIABILITIES

282,006

275,283

RESERVES

Income and expenditure account

282,006

275,283

282,006

275,283

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

P J Doody - Director

N Maxwell - Director

1.	STATUTORY INFORMATION

Retail NI Trade Assoc Ltd is a private company, limited by guarantee , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost

Tangible Fixed Assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

Taxation

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

Current or deferred 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

3,444

22,590

26,034

DEPRECIATION

At 1 August 2024

3,444

19,793

23,237

Charge for year

-

1,137

1,137

At 31 July 2025

3,444

20,930

24,374

NET BOOK VALUE

At 31 July 2025

-

1,660

1,660

At 31 July 2024

-

2,797

2,797

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

35,699

59,731

Other debtors

1,250

1,397

Prepayments

322

821

37,271

61,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

577

3,062

Tax

1,103

754

Social security and other taxes

2,667

2,501

Other creditors

2,065

1,081

Accrued expenses

3,636

3,420

10,048

10,818

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Billy Drake (Senior Statutory Auditor)

for and on behalf of Lynn Drake & Co Ltd

9.	LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.

10.	RESERVE POLICY

The director's have designated £150,000 of the company reserves towards general projects to assist and protect the company position.