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Registered number: NI048445
Moneyreagh Contracts and Plant Hire Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Lakeview CA Ltd
Chartered Accountants
142 Station Road
Saintfield
Co Down
BT24 7EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI048445
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,340 15,120
12,340 15,120
CURRENT ASSETS
Stocks 6 - 10,000
Debtors 7 6,735 204
Cash at bank and in hand - 10,617
6,735 20,821
Creditors: Amounts Falling Due Within One Year 8 (292,651 ) (247,345 )
NET CURRENT ASSETS (LIABILITIES) (285,916 ) (226,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES (273,576 ) (211,404 )
NET LIABILITIES (273,576 ) (211,404 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (273,586 ) (211,414 )
SHAREHOLDERS' FUNDS (273,576) (211,404)
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jackie McMullan
Director
16/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Moneyreagh Contracts and Plant Hire Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI048445 . The registered office is 126a Ballystockart Road, Comber, Newtownards, Down, BT23 5PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold None
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 400,000
As at 31 March 2025 400,000
Amortisation
As at 1 April 2024 400,000
As at 31 March 2025 400,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 124,773 611,125 104,524 31,533
As at 31 March 2025 124,773 611,125 104,524 31,533
Depreciation
As at 1 April 2024 124,773 600,780 103,749 31,533
Provided during the period - 2,586 194 -
As at 31 March 2025 124,773 603,366 103,943 31,533
Net Book Value
As at 31 March 2025 - 7,759 581 -
As at 1 April 2024 - 10,345 775 -
Computer Equipment Total
£ £
Cost
As at 1 April 2024 4,000 875,955
As at 31 March 2025 4,000 875,955
Depreciation
As at 1 April 2024 - 860,835
Provided during the period - 2,780
As at 31 March 2025 - 863,615
Net Book Value
As at 31 March 2025 4,000 12,340
As at 1 April 2024 4,000 15,120
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6. Stocks
2025 2024
£ £
Work in progress - 10,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,314 -
Other debtors 2,421 204
6,735 204
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 36,069 25,598
Bank loans and overdrafts 45,167 11,502
Other creditors 211,415 206,940
Taxation and social security - 3,305
292,651 247,345
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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