COMPANY REGISTRATION NUMBER:
NI620185
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 August 2025
Fixed assets
|
Tangible assets |
6 |
|
250 |
307 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
3,415 |
|
7,000 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
3,585 |
|
5,895 |
|
------- |
|
------- |
|
Net current (liabilities)/assets |
|
(
170) |
1,105 |
|
|
---- |
------- |
|
Total assets less current liabilities |
|
80 |
1,412 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
48 |
58 |
|
|
---- |
------- |
|
Net assets |
|
32 |
1,354 |
|
|
---- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
9 |
|
2 |
2 |
|
Profit and loss account |
|
30 |
1,352 |
|
|
---- |
------- |
|
Shareholders funds |
|
32 |
1,354 |
|
|
---- |
------- |
|
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 August 2025
These financial statements were approved by the
board of directors
and authorised for issue on
13 March 2026
, and are signed on behalf of the board by:
Company registration number:
NI620185
|
Notes to the Financial Statements |
|
Year ended 31 August 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Linenhall Exchange, 1st Floor, 26 Linenhall Street, Belfast, BT2 8BG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
|
Fixtures & fittings |
- |
20% straight line |
|
Equipment |
- |
|
|
|
|
|
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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 as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2024:
5
).
5.
Intangible assets
|
Goodwill |
|
£ |
|
Cost |
|
|
At 1 September 2024 and 31 August 2025 |
5,000 |
|
------- |
|
Amortisation |
|
|
At 1 September 2024 and 31 August 2025 |
5,000 |
|
------- |
|
Carrying amount |
|
|
At 31 August 2025 |
– |
|
------- |
|
At 31 August 2024 |
– |
|
------- |
|
|
6.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 September 2024 and 31 August 2025 |
13,189 |
|
14,043 |
|
-------- |
---- |
-------- |
|
Depreciation |
|
|
|
|
At 1 September 2024 |
12,915 |
|
13,736 |
|
Charge for the year |
57 |
– |
57 |
|
-------- |
---- |
-------- |
|
At 31 August 2025 |
12,972 |
|
13,793 |
|
-------- |
---- |
-------- |
|
Carrying amount |
|
|
|
|
At 31 August 2025 |
217 |
|
250 |
|
-------- |
---- |
-------- |
|
At 31 August 2024 |
274 |
|
307 |
|
-------- |
---- |
-------- |
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
– |
188 |
|
Social security and other taxes |
293 |
252 |
|
Other creditors |
3,292 |
5,455 |
|
------- |
------- |
|
3,585 |
5,895 |
|
------- |
------- |
|
|
|
8.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
2025 |
2024 |
|
£ |
£ |
|
Included in provisions |
48 |
58 |
|
---- |
---- |
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
2025 |
2024 |
|
£ |
£ |
|
Accelerated capital allowances |
48 |
58 |
|
---- |
---- |
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
10.
Related party transactions
The company is under the control of Mr Honekeri, who is the sole director and shareholder of the company.