Company Registration No. NI619987 (Northern Ireland)
Grove Lough Energy Limited
Companies House accounts
for the year ended 31 March 2026
Grove Lough Energy Limited
Companies House accounts
Contents
Grove Lough Energy Limited
Company Information
for the year ended 31 March 2026
Directors
Stuart J Campbell
Ann E Campbell
Company Number
NI619987 (Northern Ireland)
Registered Office
37 Killymitten Road
Ballinamallard
Enniskillen
Co Fermanagh
BT94 2FW
N Ireland
Accountants
G J Gartland Chartered Accountants
Unit 22 Erne House
Killyhevlin Business Centre
Enniskillen
Co Fermanagh
BT74 4EB
Grove Lough Energy Limited
Statement of financial position
as at 31 March 2026
Tangible assets
368,368
390,527
Cash at bank and in hand
559,454
364,155
Creditors: amounts falling due within one year
(65,184)
(50,601)
Net current assets
530,884
340,198
Total assets less current liabilities
899,252
730,725
Provisions for liabilities
Deferred tax
(52,536)
(56,887)
Net assets
846,716
673,838
Called up share capital
400
400
Profit and loss account
846,316
673,438
Shareholders' funds
846,716
673,838
For the year ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 7 May 2026 and were signed on its behalf by
Stuart J Campbell
Director
Company Registration No. NI619987
Grove Lough Energy Limited
Notes to the Accounts
for the year ended 31 March 2026
Grove Lough Energy Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI619987. The registered office is 37 Killymitten Road, Ballinamallard, Enniskillen, Co Fermanagh, BT94 2FW, N 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 and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Income 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
2% per annum (straight line)
Plant & machinery
5% per annum (straight line) and 10% p.a. (reducing balance)
Motor vehicles
20% per annum (reducing balance)
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Grove Lough Energy Limited
Notes to the Accounts
for the year ended 31 March 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
-
637,557
1,850
1,217
640,624
Additions
10,000
-
-
-
10,000
At 31 March 2026
10,000
637,557
1,850
1,217
650,624
At 1 April 2025
-
248,877
891
329
250,097
Charge for the year
-
31,878
192
89
32,159
At 31 March 2026
-
280,755
1,083
418
282,256
At 31 March 2026
10,000
356,802
767
799
368,368
At 31 March 2025
-
388,680
959
888
390,527
Amounts falling due within one year
Trade debtors
28,941
25,526
Accrued income and prepayments
7,673
1,118
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
58,691
45,075
Grove Lough Energy Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Deferred taxation
2026
2025
Accelerated capital allowances
52,536
56,887
Provision at start of year
56,887
57,601
Credited to the profit and loss account
(4,351)
(714)
Provision at end of year
52,536
56,887
Allotted, called up and fully paid:
400 Ordinary shares of £1 each
400
400
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).