CSR (N.I.) LTD 31/03/2025 iXBRL

Company registration number: NI069758

CSR (N.I.) LTD

Unaudited filleted financial statements

31 March 2025

CSR (N.I.) LTD

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

CSR (N.I.) LTD

Directors and other information


	Directors	Raymond Younge
		Michelle Doran


	Company number	NI069758


	Registered office	Unit C6 Knockmore Hill Business Park
		9 Fergsuon Drive
		Lisburn
		Antrim
		BT28 2EX


	Business address	Unit C6 Knockmore Hill Business Park
		9 Ferguson Drive
		Lisburn
		Antrim
		BT28 2EX


	Accountants	Jones Peters
		6/7 Church Street
		Banbridge
		Down
		BT32 4AA




	Bankers	Barclays Bank PLC
		247 Upper Newtownards Rd
		Ballyhackamore
		Belfast
		BT4 3JF


	Solicitors	MacCorkell Solicitors
		Garvay Studios
		8-10 Longstone Street
		Lisburn
		BT28 1TP

CSR (N.I.) LTD

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	30,681		39,317
		_______		_______
			30,681		39,317

Current assets
Debtors	5	587,172		645,652
Cash at bank and in hand		418,393		353,869
		_______		_______
		1,005,565		999,521
Creditors: amounts falling due
within one year	6	( 324,353)		( 580,762)
		_______		_______
Net current assets			681,212		418,759
			_______		_______
Total assets less current liabilities			711,893		458,076

			_______		_______
Net assets			711,893		458,076
			_______		_______

Capital and reserves
Called up share capital	9		1		1
Profit and loss account			711,892		458,075
			_______		_______
Shareholders funds			711,893		458,076
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements 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 financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Raymond Younge

Director

Company registration number: NI069758

CSR (N.I.) LTD

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1	634,557	634,558

Profit for the year		13,518	13,518
	_______	_______	_______
Total comprehensive income for the year	-	13,518	13,518

Dividends paid and payable		( 190,000)	( 190,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 190,000)	( 190,000)

At 31 March 2024 (as previously reported)	1	458,075	458,076
Prior period adjustments	(-)	190,000	190,000
	_______	_______	_______
At 31 March 2024 (restated) and 1 April 2024	1	648,075	648,076

Profit for the year		63,817	63,817
	_______	_______	_______
Total comprehensive income for the year	-	63,817	63,817

	_______	_______	_______
At 31 March 2025	1	711,892	711,893
	_______	_______	_______

CSR (N.I.) LTD

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit C6 Knockmore Hill Business Park, 9 Fergsuon Drive, Lisburn, Antrim, BT28 2EX.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold Improvements	-	6.67 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line
Site Accomodation	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Tangible assets

	Long leasehold property	Fixtures, fittings and equipment	Motor vehicles	Tangible assets - user defined	Total
	£	£	£	£	£
Cost
At 1 April 2024	73,117	35,347	27,982	19,000	155,446
Additions	-	1,712	-	-	1,712
Disposals	-	( 1,214)	-	-	( 1,214)
	_______	_______	_______	_______	_______
At 31 March 2025	73,117	35,845	27,982	19,000	155,944
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	40,395	33,722	23,012	19,000	116,129
Charge for the year	4,857	794	4,697	-	10,348
Disposals	-	( 1,214)	-	-	( 1,214)
	_______	_______	_______	_______	_______
At 31 March 2025	45,252	33,302	27,709	19,000	125,263
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	27,865	2,543	273	-	30,681
	_______	_______	_______	_______	_______
At 31 March 2024	32,722	1,625	4,970	-	39,317
	_______	_______	_______	_______	_______

5. Debtors

	2025	2024
	£	£
Trade debtors	466,983	474,862
Amounts owed by group undertakings and undertakings in which the company has a participating interest	64,151	146,195
Other debtors	56,038	24,595
	_______	_______
	587,172	645,652
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	86,117	146,341
Trade creditors	99,278	133,091
Corporation tax	26,809	20,528
Social security and other taxes	86,602	60,508
Other creditors	25,547	220,294
	_______	_______
	324,353	580,762
	_______	_______

7. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 35,631 (2024: £ 20,112 ).

8. Prior period errors

It was recognised that expenses in the prior years should have been reflected through the directors loan account and therefore a prior year adjustment has been processed through the reserves. There is no impact on any other balances in the prior year accounts.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Raymond Younge	( 190,379)	190,000	-	( 379)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Raymond Younge	179,621	( 190,000)	( 180,000)	( 190,379)
		_______	_______	_______	_______

The director's overdrawn account was repaid on 19/07/2023 in full

11. Related party transactions

During the year CSR (NI) Ltd paid expenses on behalf of related parties totalling £8,988, these were all recharged to the related parties by the year end and repaid in full post year end. A Director of the company is the controlling inidividual of these related parties by virtue of his shareholding.

12. Controlling party

By virtue of his shareholding Raymond Younge is deemed to be the controlling party of the company.