MAGHEREAGH PAINTS LIMITED

Company Registration Number:
NI677806 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

MAGHEREAGH PAINTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

MAGHEREAGH PAINTS LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 1,170 2,730
Total fixed assets: 1,170 2,730
Current assets
Stocks: 7,000 6,037
Debtors:   111,732 82,516
Cash at bank and in hand: 29,641 17,537
Total current assets: 148,373 106,090
Creditors: amounts falling due within one year:   (22,669) (15,152)
Net current assets (liabilities): 125,704 90,938
Total assets less current liabilities: 126,874 93,668
Total net assets (liabilities): 126,874 93,668
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 126,774 93,568
Shareholders funds: 126,874 93,668

The notes form part of these financial statements

MAGHEREAGH PAINTS LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2025
and signed on behalf of the board by:

Name: Mr G Hughes
Status: Director

The notes form part of these financial statements

MAGHEREAGH PAINTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and 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. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life.

MAGHEREAGH PAINTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 1 1

MAGHEREAGH PAINTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 7,800
At 31 March 2025 7,800
Depreciation
At 01 April 2024 5,070
Charge for year 1,560
At 31 March 2025 6,630
Net book value
At 31 March 2025 1,170
At 31 March 2024 2,730