Company Registration No. NI057263 (Northern Ireland)
Campbell Industrial Products Limited
Unaudited accounts
for the year ended 31 March 2025
Campbell Industrial Products Limited
Statement of financial position
as at 31 March 2025
Tangible assets
99,434
157,386
Investment property
674,803
659,491
Investments
475,826
372,081
Cash at bank and in hand
834,236
934,402
Creditors: amounts falling due within one year
(415,836)
(406,545)
Net current assets
1,696,300
1,492,513
Net assets
2,470,537
2,309,390
Called up share capital
100
100
Profit and loss account
2,470,437
2,309,290
Shareholders' funds
2,470,537
2,309,390
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2025 and were signed on its behalf by
Mark Campbell
Director
Company Registration No. NI057263
Campbell Industrial Products Limited
Notes to the Accounts
for the year ended 31 March 2025
Campbell Industrial Products Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI057263. The registered office is 6 Upper Cairncastle Road, Larne, County Antrim, BT40 2DT, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of whole sale of machine tools is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight Line
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Campbell Industrial Products Limited
Notes to the Accounts
for the year ended 31 March 2025
The director believes that the company Campbell Industrial Products Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
35,966
47,096
132,532
215,594
Additions
-
-
40,515
40,515
Disposals
-
-
(82,949)
(82,949)
At 31 March 2025
35,966
47,096
90,098
173,160
At 1 April 2024
1,798
25,830
30,580
58,208
Charge for the year
1,798
3,189
12,259
17,246
On disposals
-
-
(1,728)
(1,728)
At 31 March 2025
3,596
29,019
41,111
73,726
At 31 March 2025
32,370
18,077
48,987
99,434
At 31 March 2024
34,168
21,266
101,952
157,386
Fair value at 1 April 2024
659,491
Campbell Industrial Products Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
652,819
517,422
Accrued income and prepayments
1,353
-
Other debtors
97,902
25,153
8
Investments held as current assets
2025
2024
Unlisted investments
475,826
372,081
9
Creditors: amounts falling due within one year
2025
2024
Trade creditors
208,528
158,176
Taxes and social security
113,242
126,333
Other creditors
10,511
10,372
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 3 (2024: 3).