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Company Registration No. NI624068 (Northern Ireland)
Killymitten Wind Limited Companies House Accounts for the year ended 31 March 2025
Killymitten Wind Limited Companies House Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Killymitten Wind Limited Company Information for the year ended 31 March 2025
Director
Stuart J Campbell
Company Number
NI624068 (Northern Ireland)
Registered Office
37 Killymitten Road Ballinamallard Enniskillen Co Fermanagh BT94 2FW N Ireland
Accountants
G J Gartland Chartered Accountants Unit 22 Erne House Killyhevlin Business Centre Enniskillen Co Fermanagh BT74 4EB
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Killymitten Wind Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
571,040
611,969
Current assets
Inventories
45,033
50,662
Debtors
5
32,429
14,582
Cash at bank and in hand
59,066
12,589
136,528
77,833
Creditors: amounts falling due within one year
6
(40,171)
(130,997)
Net current assets/(liabilities)
96,357
(53,164)
Total assets less current liabilities
667,397
558,805
Provisions for liabilities
Deferred tax
7
(53,464)
(48,400)
Net assets
613,933
510,405
Capital and reserves
Called up share capital
8
250
250
Profit and loss account
613,683
510,155
Shareholders' funds
613,933
510,405
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 15 May 2025 and were signed on its behalf by
Stuart J Campbell Director Company Registration No. NI624068
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Killymitten Wind Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Killymitten Wind Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI624068. The registered office is 37 Killymitten Road, Ballinamallard, Enniskillen, Co Fermanagh, BT94 2FW, N Ireland.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have been transferred to them.
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:
Land & buildings
2% per annum (straight line basis)
Plant & machinery
5% per annum (straight line basis)
Motor vehicles
20% per annum (reducing balance basis)
Fixtures & fittings
10% per annum (reducing balance basis)
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Killymitten Wind Limited Notes to the Accounts for the year ended 31 March 2025
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
818,572
At 31 March 2025
818,572
Depreciation
At 1 April 2024
206,603
Charge for the year
40,929
At 31 March 2025
247,532
Net book value
At 31 March 2025
571,040
At 31 March 2024
611,969
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
32,429
14,582
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,657
4,310
Amounts owed to group undertakings and other participating interests
-
40,000
Taxes and social security
33,994
30,719
Other creditors
-
50,227
Loans from directors
-
5,243
Accruals
520
498
40,171
130,997
Other creditors includes £50,227 (2023 : £170,227) shareholder loans which are unsecured and repayable on demand.
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Killymitten Wind Limited Notes to the Accounts for the year ended 31 March 2025
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
53,464
48,400
2025
2024
£
£
Provision at start of year
48,400
42,203
Charged to the profit and loss account
5,064
6,197
Provision at end of year
53,464
48,400
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
250 Ordinary shares of £1 each
250
250
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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