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Company Registration No. NI629660 (Northern Ireland)
Castle Archdale Retail Ltd Unaudited accounts for the year ended 30 April 2025
Castle Archdale Retail Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Castle Archdale Retail Ltd Company Information for the year ended 30 April 2025
Director
Catherine Maguire
Company Number
NI629660 (Northern Ireland)
Registered Office
371 Killadeas Road Lisnarick Co Fermanagh BT94 1PN
Accountants
Kelly & Comac Accountants Kelly & Comac Accountants 35 Main Street Trillick Co Tyrone BT78 3SS
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Castle Archdale Retail Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
65,000
65,000
Tangible assets
5
391,019
355,651
456,019
420,651
Current assets
Inventories
145,821
134,351
Debtors
6
58,999
70,805
Cash at bank and in hand
496,525
327,867
701,345
533,023
Creditors: amounts falling due within one year
7
(536,363)
(434,184)
Net current assets
164,982
98,839
Total assets less current liabilities
621,001
519,490
Provisions for liabilities
Deferred tax
(64,014)
(65,065)
Net assets
556,987
454,425
Capital and reserves
Called up share capital
100
100
Profit and loss account
556,887
454,325
Shareholders' funds
556,987
454,425
For the year ending 30 April 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 her 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 6 June 2025 and were signed on its behalf by
Catherine Maguire Director Company Registration No. NI629660
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Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Castle Archdale Retail Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI629660. The registered office is 371 Killadeas Road, Lisnarick, Co Fermanagh, BT94 1PN.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: License 0%
Inventories
Inventories are valued at the lower of cost ad net realisable value, after making due allowance for obsolete and slow moving items.
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.
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
10% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
10% Reducing balance
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Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Other
£
Cost
At 1 May 2024
65,000
At 30 April 2025
65,000
Amortisation
At 1 May 2024
-
At 30 April 2025
-
Net book value
At 30 April 2025
65,000
At 30 April 2024
65,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
95,395
326,931
91,751
3,250
517,327
Additions
19,573
2,411
41,833
-
63,817
At 30 April 2025
114,968
329,342
133,584
3,250
581,144
Depreciation
At 1 May 2024
-
126,393
34,055
1,228
161,676
Charge for the year
-
20,294
7,953
202
28,449
At 30 April 2025
-
146,687
42,008
1,430
190,125
Net book value
At 30 April 2025
114,968
182,655
91,576
1,820
391,019
At 30 April 2024
95,395
200,538
57,696
2,022
355,651
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
5,999
5,805
Other debtors
53,000
-
58,999
5,805
Amounts falling due after more than one year
Other debtors
-
65,000
- 6 -
Castle Archdale Retail Ltd Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
83,149
100,425
VAT
10,769
5,271
Obligations under finance leases and hire purchase contracts
10,792
14,491
Trade creditors
234,049
127,259
Taxes and social security
38,976
46,519
Loans from directors
58,237
55,310
Accruals
32,346
7,584
Deferred income
68,045
77,325
536,363
434,184
8
Average number of employees
During the year the average number of employees was 10 (2024: 10).
- 7 -