REGISTERED NUMBER: NI068580 (Northern Ireland)

The Ballykelly Group Ltd

Unaudited Financial Statements for the Year Ended 31st August 2025

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

41,250

56,250

Tangible assets

5

41,668

52,086

82,918

108,336

Current assets

Stocks

6

57,438

58,238

Debtors

7

70,633

129,844

Cash at bank

67,301

51,685

195,372

239,767

Creditors

Amounts falling due within one year

8

(172,910

)

(234,896

)

Net current assets

22,462

4,871

Total assets less current liabilities

105,380

113,207

Creditors

Amounts falling due after more than one year

9

-

(10,000

)

Net assets

105,380

103,207

Capital and reserves

Called up share capital

11

2

2

Retained earnings

105,378

103,205

Shareholders' funds

105,380

103,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2026 and were signed on its behalf by:

Mr S McAnearney - Director

1.	Statutory information

The Ballykelly Group Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number:

NI068580

Registered office:

22 Ballykelly Road

Banbridge

Co. Down

BT32 4PS

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% Reducing balance

Fixtures and fittings

-

20% Reducing balance

Motor vehicles

-

20% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 9 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st September 2024

and 31st August 2025

300,000

Amortisation

At 1st September 2024

243,750

Amortisation for year

15,000

At 31st August 2025

258,750

Net book value

At 31st August 2025

41,250

At 31st August 2024

56,250

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1st September 2024

and 31st August 2025

309,197

24,537

24,500

358,234

Depreciation

At 1st September 2024

269,737

23,201

13,210

306,148

Charge for year

7,892

268

2,258

10,418

At 31st August 2025

277,629

23,469

15,468

316,566

Net book value

At 31st August 2025

31,568

1,068

9,032

41,668

At 31st August 2024

39,460

1,336

11,290

52,086

6.

Stocks

2025

2024

£

£

Finished goods

57,438

58,238

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

74,687

141,638

Bad debt provision

(8,257

)

(14,368

)

Prepayments

4,203

2,574

70,633

129,844

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Other loans (see note 10)

10,000

10,000

Trade creditors

50,614

60,301

Corporation tax

6,507

3,553

Social security and other taxes

(2,523

)

(5,327

)

Pension commitments due

231

630

VAT

7,749

15,937

Directors' current accounts

91,156

139,489

Accrued expenses

9,176

10,313

172,910

234,896

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other loans (see note 10)

-

10,000

10.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

10,000

10,000

Amounts falling due between one and two years:

Other loans - 1-2 years

-

10,000

The Bounce back loan taken under the UK government Covid -19 support response. There is no security in place. Interest for the first 12 months is paid for by the UK government and repayments do not commence until month 13.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

12.	Directors' advances, credits and guarantees

The company currently benefits from an interest free loan from the directors Sean McAnearney and Maire McAnearney. Currently no repayment terms are in place.