Company Registration No. NI069656 (Northern Ireland)
Stranmal Limited
Unaudited accounts
for the year ended 31 December 2024
Stranmal Limited
Statement of financial position
as at 31 December 2024
Tangible assets
106,717
154,082
Cash at bank and in hand
3,886
4,287
Creditors: amounts falling due within one year
(333,383)
(336,046)
Net current assets
47,101
152
Total assets less current liabilities
153,818
154,234
Creditors: amounts falling due after more than one year
(116,425)
(159,842)
Net assets/(liabilities)
37,393
(5,608)
Called up share capital
2
2
Profit and loss account
37,391
(5,610)
Shareholders' funds
37,393
(5,608)
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by
Donagh McGoveran
Director
Company Registration No. NI069656
Stranmal Limited
Notes to the Accounts
for the year ended 31 December 2024
Stranmal Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI069656. The registered office is 66-70 Stranmillis Road , Belfast, BT9 5AD, Northern 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors of Stranmal Limited believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least twelve months from the date of signing. Accordingly, Stranmal Limited continues to adopt the going concern basis in preparing the financial statements.
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 food, drinks and other associated products is recognised when goods have been delivered to customers such that risks and rewards of ownership have 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
10% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Straight Line
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.
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
Stranmal Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
282,979
833
606,893
890,705
At 31 December 2024
282,979
833
608,093
891,905
At 1 January 2024
215,155
833
520,635
736,623
Charge for the year
14,321
-
34,244
48,565
At 31 December 2024
229,476
833
554,879
785,188
At 31 December 2024
53,503
-
53,214
106,717
At 31 December 2023
67,824
-
86,258
154,082
Finished goods
48,903
37,138
Amounts falling due within one year
Accrued income and prepayments
7,184
7,243
Other debtors
320,511
287,530
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
80,577
88,887
Trade creditors
91,254
134,427
Taxes and social security
27,046
9,600
Other creditors
62,809
13,333
Deferred income
17,261
31,261
Stranmal Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Deferred income
69,696
74,332
Bank loan secured as follows:
Fixed and floating charge over the property and undertaking of the company.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
Included in other debtors are amounts due from related party entities of £320,451 (2023: £287,417).
Included in other creditors are amounts due to related party entities of £62,567 (2023: £12,566).
All amounts are interest-free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 19 (2023: 23).