REGISTERED NUMBER: R0000336 (Northern Ireland)

IRISH ROAD MOTORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A Brolly

D Martin

P Martin

SECRETARY:

A Brolly

REGISTERED OFFICE:

15 Campsie Business Park

McLean Road

Eglinton

Co. Londonderry

BT47 3XX

REGISTERED NUMBER:

R0000336 (Northern Ireland)

ACCOUNTANTS:

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Danske Bank

45 - 48 High Street

Portadown

Co. Armagh

BT62 1LB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

19 November 2025

FIXED ASSETS

Tangible assets

4

40,809

42,457

CURRENT ASSETS

Stocks

76,719

73,042

Debtors

5

370,395

493,948

Cash at bank and in hand

201,008

130

648,122

567,120

CREDITORS

Amounts falling due within one year

6

515,662

398,902

NET CURRENT ASSETS

132,460

168,218

TOTAL ASSETS LESS CURRENT LIABILITIES

173,269

210,675

CREDITORS

Amounts falling due after more than one year

7

(2,653

)

(14,027

)

PROVISIONS FOR LIABILITIES

(9,897

)

(10,241

)

NET ASSETS

160,719

186,407

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Capital redemption reserve

79,998

79,998

Retained earnings

(19,279

)

6,409

SHAREHOLDERS' FUNDS

160,719

186,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

A Brolly - Director

D Martin - Director

1.	STATUTORY INFORMATION

Irish Road Motors Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are prepared in sterling which is the functional currency of the Company.

Significant judgements and estimates

When preparing the financial statements, management undertakes a number of judgements, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

It is recognised when services have been completed for customers such that the risks & rewards of ownership have been transferred to them.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for

impairment.

Depreciation is provided at the following annual rates in order to write off the cost of each asset less residual value over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery - 5% - 12.5% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

572,339

DEPRECIATION

At 1 April 2024

529,882

Charge for year

1,648

At 31 March 2025

531,530

NET BOOK VALUE

At 31 March 2025

40,809

At 31 March 2024

42,457

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,784

50,282

Amounts owed by group undertakings

321,611

433,775

Other debtors

9,000

9,891

370,395

493,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

10,463

20,029

Trade creditors

319,269

231,779

Taxation and social security

82,249

53,664

Other creditors

103,681

93,430

515,662

398,902

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

2,653

14,027

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

9,849

Bank loans

10,463

10,180

10,463

20,029

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,653

10,437

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,590

Bank loans and overdrafts are secured by legal charged over the company's assets.

9.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The immediate parent company is IRM MOJO Holdings Ltd which owns 100% of the issued share capital of Irish Road Motors Ltd.

The ultimate controlling parties are Derek Martin and Amanda Brolly by virtue of their controlling interest in IRM MOJO Holdings Ltd.