Company registration number:
NI643550
Somar Contracts Limited
Unaudited filleted financial statements
28 February 2025
Somar Contracts Limited
Contents
Statement of financial position and notes to the financial statements
Somar Contracts Limited
Statement of financial position
28 February 2025
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2025 |
|
2024 |
|
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£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
408,808 |
|
473,059 |
|
|
|
|
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
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Current assets |
|
|
188,295 |
|
181,060 |
|
|
|
|
|
|
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|
|
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|
Creditors: amounts falling due within one year |
|
|
(
173,201) |
|
(
185,186) |
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|
_______ |
|
_______ |
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Net current assets/(liabilities) |
|
|
15,094 |
|
(
4,126) |
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_______ |
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_______ |
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Total assets less current liabilities |
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423,902 |
|
468,933 |
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|
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Creditors: amounts falling due after more than one year |
|
|
(
2,420) |
|
(
44,934) |
|
|
|
|
|
|
|
|
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|
Accruals and deferred income |
|
|
(
38,750) |
|
(
6,000) |
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|
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|
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_______ |
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_______ |
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Net assets |
|
|
382,732 |
|
417,999 |
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|
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|
_______ |
|
_______ |
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Capital and reserves |
|
|
382,732 |
|
417,999 |
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_______ |
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_______ |
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Notes to the financial statements
Somar Contracts Limited
Year ended 28 February 2025
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2024:
4
).
2.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
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2025 |
|
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Ruairi Kelly |
(
1,544) |
37,982 |
(
87,927) |
(
51,489) |
|
|
|
Mr Michael Kelly |
54,029 |
156,845 |
(
156,720) |
54,154 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
52,485 |
194,827 |
(
244,647) |
2,665 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
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2024 |
|
|
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Ruairi Kelly |
6,816 |
107,467 |
(
115,827) |
(
1,544) |
|
|
|
Mr Michael Kelly |
53,533 |
93,635 |
(
93,139) |
54,029 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
60,349 |
201,102 |
(
208,966) |
52,485 |
|
|
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|
_______ |
_______ |
_______ |
_______ |
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Directors loans are repayable on demand. Interest has been applied to all outstanding balances at HM Revenue & Customs official rate.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
26 November 2025
, and are signed on behalf of the board by:
Mr Michael Kelly
Director
Company registration number:
NI643550
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 98 Muldonagh Road, Claudy, Londonderry, BT47 4EJ.