REGISTERED NUMBER: NI063859 (Northern Ireland)

Warwick Engineering (NI) Limited

Unaudited Financial Statements for the Year Ended 30th April 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mrs J Warwick

Mr C Warwick

Registered office:

67a Whappstown Road

Moorfields

Ballymena

BT42 3DB

Registered number:

NI063859 (Northern Ireland)

Accountants:

Exchange Accountants Limited

Chartered Certified Accountants

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Bankers:

First Trust Bank

92 Ann Street

Belfast

Co. Antrim

BT1 3AY

Fixed assets

Intangible assets

4

100,000

150,000

Tangible assets

5

113,277

150,444

213,277

300,444

Current assets

Stocks

330,316

363,080

Debtors

6

433,677

386,678

Cash at bank

123

525

764,116

750,283

Creditors

Amounts falling due within one year

7

(769,495

)

(641,340

)

Net current (liabilities)/assets

(5,379

)

108,943

Total assets less current liabilities

207,898

409,387

Creditors

Amounts falling due after more than one year

8

(1,298

)

(121,537

)

Net assets

206,600

287,850

Capital and reserves

Called up share capital

127

127

Share premium

249,875

249,875

Retained earnings

(43,402

)

37,848

Shareholders' funds

206,600

287,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 11th December 2025 and were signed on its behalf by:

Mrs J Warwick - Director

1.	Statutory information

Warwick Engineering (NI) 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% Straight line

Plant and machinery etc

-

25% Straight line and 15% Reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	Employees and directors

The average number of employees during the year was 23 (2024 - 22 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st May 2024

and 30th April 2025

1,000,000

Amortisation

At 1st May 2024

850,000

Charge for year

50,000

At 30th April 2025

900,000

Net book value

At 30th April 2025

100,000

At 30th April 2024

150,000

5.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1st May 2024

27,799

569,739

597,538

Disposals

-

(26,714

)

(26,714

)

At 30th April 2025

27,799

543,025

570,824

Depreciation

At 1st May 2024

7,896

439,198

447,094

Charge for year

556

16,575

17,131

Eliminated on disposal

-

(6,678

)

(6,678

)

At 30th April 2025

8,452

449,095

457,547

Net book value

At 30th April 2025

19,347

93,930

113,277

At 30th April 2024

19,903

130,541

150,444

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

320,087

316,386

Other debtors

113,590

70,292

433,677

386,678

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

172,194

279,069

Hire purchase contracts

-

5,565

Trade creditors

221,679

68,619

Taxation and social security

122,503

36,685

Other creditors

253,119

251,402

769,495

641,340

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

1,298

107,623

Hire purchase contracts

-

13,914

1,298

121,537

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

51,834

39,833

Bank loans

121,658

346,859

Hire purchase contracts

-

19,479

173,492

406,171

Bank loans are secured by a charge over the company assets.

Hire purchase creditors are secured on the assets to which the hire purchase contracts relate.

10.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30th April 2025 and 30th April 2024:

2025

2024

£

£

Mrs J Warwick and Mr C Warwick

Balance outstanding at start of year

(227,993

)

(260,483

)

Amounts advanced

358,417

265,740

Amounts repaid

(364,398

)

(233,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(233,974

)

(227,993

)