Ringneill Trading Limited

	Page
Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account	4
Balance Sheet	5—6
Statement of Changes in Equity	7
Notes to the Financial Statements	8—12

Page 1

Page 2

Company No. NI027070

Directors' Report For The Year Ended 31 January 2026

Directors' Report

The directors present their report and the financial statements for the year ended 31 January 2026.

Principal Activity

The company's principal activity continues to be that of Washing and dry-cleaning of textile and fur products.

Directors

The directors who held office during the year were as follows:

Mr Richard Goldstone

Ms Ingrid Goldstone

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr Richard Goldstone

Director

24/06/2026

Page 2

Page 3

Ringneill Trading Limited

Accountants' Report

For The Year Ended 31 January 2026

Accountants' Report

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 January 2026 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

24/06/2026

RBCA Limited

Chartered Accountants

Linenhall Exchange

26 Linenhall Street

Belfast

BT2 8BG

Page 3

Page 4

Ringneill Trading Limited

Profit and Loss Account

For The Year Ended 31 January 2026

Profit and Loss Account

		2026	2025
	Notes	£	£
TURNOVER		275,457	236,780
Cost of sales		(125,820 )	(113,593 )

GROSS PROFIT		149,637	123,187

Administrative expenses		(136,855 )	(122,346 )

OPERATING PROFIT		12,782	841
Loss on disposal of fixed assets		(1,563 )	-
Interest payable and similar charges		(204 )	(552 )

PROFIT BEFORE TAXATION		11,015	289
Tax on Profit		(3,923 )	(823 )

PROFIT/(LOSS) AFTER TAXATION BEING PROFIT/(LOSS) FOR THE FINANCIAL YEAR		7,092	(534 )

The notes on pages 8 to 12 form part of these financial statements.

Page 4

Page 5

Ringneill Trading Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,826		51,059

			39,826		51,059
CURRENT ASSETS
Stocks	5	3,960		3,600
Debtors	6	1,532		3,000
Cash at bank and in hand		1,646		1,356

		7,138		7,956
Creditors: Amounts Falling Due Within One Year	7	(26,023 )		(43,321 )

NET CURRENT ASSETS (LIABILITIES)			(18,885 )		(35,365 )

TOTAL ASSETS LESS CURRENT LIABILITIES			20,941		15,694

PROVISIONS FOR LIABILITIES
Deferred Taxation			(9,956 )		(9,701 )

NET ASSETS			10,985		5,993

CAPITAL AND RESERVES
Called up share capital	9		10,010		10,010
Profit and Loss Account			975		(4,017 )

SHAREHOLDERS' FUNDS			10,985		5,993

Page 5

Page 6

Ringneill Trading Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Richard Goldstone

Director

24/06/2026

The notes on pages 8 to 12 form part of these financial statements.

Page 6

Page 7

Ringneill Trading Limited

Statement of Changes in Equity

For The Year Ended 31 January 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 February 2024	10,010	(3,483 )	6,527
Loss for the year and total comprehensive income	-	(534 )	(534)

As at 31 January 2025 and 1 February 2025	10,010	(4,017 )	5,993


Profit for the year and total comprehensive income	-	7,092	7,092

Dividends paid	-	(2,100)	(2,100)

As at 31 January 2026	10,010	975	10,985

Page 7

Page 8

Ringneill Trading Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

The company is a private company limited by share capital, incorporated in Northern Ireland, registered number NI027070.

The address of its registered office is:

511B Upper Newtownards Road

Belfast

BT4 3LL

Northern Ireland

The presentation currency is £ Sterling.

The level of rounding is to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Plant & Machinery	20% reducing balance
Motor Vehicles	20 % reducing balance
Fixtures & Fittings	10% reducing balance

Page 8

Page 9

Ringneill Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

In the next year, a monthly lease payment of £328.32 will be made, resulting in a total of £3,939.84 for the year ending 2027. For the year ending 2028, a payment of £984.96 will be made, covering the final three months of the lease.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

2.7. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.8. 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.

Page 9

Page 10

Ringneill Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.9. 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.

2.10. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2.11. 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.

2.12. 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.

2.13. Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 10

Page 11

Ringneill Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 February 2025	66,392	28,000	2,474	96,866
Additions	4,249	-	8,000	12,249
Disposals	(3,000 )	(28,000 )	-	(31,000 )

As at 31 January 2026	67,641	-	10,474	78,115

Depreciation
As at 1 February 2025	31,672	13,365	770	45,807
Provided during the period	7,324	732	371	8,427
Disposals	(1,848 )	(14,097 )	-	(15,945 )

As at 31 January 2026	37,148	-	1,141	38,289

Net Book Value
As at 31 January 2026	30,493	-	9,333	39,826

As at 1 February 2025	34,720	14,635	1,704	51,059

5. Stocks

	2026	2025
	£	£
Stock	3,960	3,600

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	301	3,000
Prepayments and accrued income	1,231	-

	1,532	3,000

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,745
Trade creditors	4,025	2,582
Bank loans and overdrafts	5,932	5,783
Corporation tax	3,668	-
VAT	8,734	9,294

...CONTINUED

Page 11

Page 12

Ringneill Trading Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

PAYE Liability	1,328	450
Accruals and deferred income	2,300	4,607
Directors' loan accounts	36	13,860

	26,023	43,321

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	6,745

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	10,010	10,010

Page 12