Registration number: NI626506

Agri-power (Donegal) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Agri-power (Donegal) Ltd

Company Information

Directors

Helen McCullough Mr Noel McCullough

Registered office

124A Curr Road Beragh Co. Tyrone BT79 0QT

Solicitors

AF Colhoun & Co Omagh Business Complex Gortrush Industrial Estate Omagh Co. Tyrone BT78 5LU

Accountants

Richard Clements & Co Chartered Certified AccountantsOmagh Business Complex Gortrush Industrial Estate Omagh Co. Tyrone BT78 5LU

Agri-power (Donegal) Ltd

(Registration number: NI626506)
Balance Sheet as at 31 October 2025

	Note	2025 €	2024 €
Fixed assets
Tangible assets	4	21,943	27,431
Current assets
Stocks	5	1,295,289	1,180,577
Debtors	6	1,234,013	681,482
Cash at bank and in hand		327,395	126,314
		2,856,697	1,988,373
Creditors: Amounts falling due within one year	7	(1,344,967)	(649,678)
Net current assets		1,511,730	1,338,695
Total assets less current liabilities		1,533,673	1,366,126
Provisions for liabilities		(278)	(607)
Net assets		1,533,395	1,365,519
Capital and reserves
Called up share capital	8	1	1
Retained earnings		1,533,394	1,365,518
Shareholders' funds		1,533,395	1,365,519

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 March 2026 and signed on its behalf by:
 

......................................... Helen McCullough Director

......................................... Mr Noel McCullough Director

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
124A Curr Road
Beragh
Co. Tyrone
BT79 0QT

These financial statements were authorised for issue by the Board on 2 March 2026.

2	Accounting policies

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.

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).

Basis of preparation

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.

Revenue recognition

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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.

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

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.

Tangible assets

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:

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing Balance
Fixtures and fittings	20% Reducing Balance

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.

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.

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 3).

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Fixtures and fittings €	Plant and machinery €	Total €
Cost or valuation
At 1 November 2024	5,224	33,633	38,857
At 31 October 2025	5,224	33,633	38,857
Depreciation
At 1 November 2024	4,475	6,951	11,426
Charge for the year	151	5,337	5,488
At 31 October 2025	4,626	12,288	16,914
Carrying amount
At 31 October 2025	598	21,345	21,943
At 31 October 2024	749	26,682	27,431

5

Stocks

	2025 €	2024 €
Other inventories	1,295,289	1,180,577

6

Debtors

Current	Note	2025 €	2024 €
Trade debtors		209,055	236,342
Amounts owed by related parties	9	1,010,269	441,621
Prepayments		51	41
Other debtors		14,638	3,478
		1,234,013	681,482

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 €	2024 €
Due within one year
Trade creditors	1,183,807	559,340
Taxation and social security	154,615	83,118
Accruals and deferred income	6,545	7,220
	1,344,967	649,678

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	€	No.	€
Ordinary shares of €1 each	1	1	1	1

Agri-power (Donegal) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Related party transactions

Loans to related parties

2025	Parent €	Total €
At start of period	441,621	441,621
Advanced	568,648	568,648
At end of period	1,010,269	1,010,269

2024	Parent €	Total €
Advanced	441,621	441,621
At end of period	441,621	441,621

Loans from related parties

2024	Parent €	Total €
At start of period	57,351	57,351
Repaid	(57,351)	(57,351)
At end of period	-	-