Company Registration No. NI617616 (Northern Ireland)
Helmetor Ltd.
Companies House accounts
for the year ended 31 March 2025
Helmetor Ltd.
Companies House accounts
Contents
Helmetor Ltd.
Company Information
for the year ended 31 March 2025
Directors
Timothy L McCrea
Jonathan T McCrea
Desmond P Elton
Secretary
Timothy L McCrea
Company Number
NI617616 (Northern Ireland)
Registered Office
12 Sessiagh Road
Lisbellaw
Enniskillen
Co Fermanagh
BT94 5PG
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
Helmetor Ltd.
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
1,691
569
Creditors: amounts falling due within one year
(35,993)
(33,069)
Net current liabilities
(33,818)
(31,302)
Net liabilities
(31,911)
(31,086)
Called up share capital
100
100
Profit and loss account
(32,011)
(31,186)
Shareholders' funds
(31,911)
(31,086)
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 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 4 December 2025 and were signed on its behalf by
Desmond P Elton
Director
Company Registration No. NI617616
Helmetor Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Helmetor Ltd. is a private company, limited by shares, registered in Northern Ireland, registration number NI617616. The registered office is 12 Sessiagh Road, Lisbellaw, Enniskillen, Co Fermanagh, BT94 5PG, 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.
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 and Section 1A of Financial Reporting Standard 102 applicable to small entities.
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 provided 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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
Helmetor Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Expenditure on research and development is written off in the year in which it is incurred.
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.
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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Helmetor Ltd.
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
35,502
32,529
Creditors due within one year includes directors' loans.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2024: 1).