Claraghlea Ltd - Filleted accounts

Registered number

NI673077

Claraghlea Ltd

Filleted Accounts

31 October 2025

Claraghlea Ltd
Registered number:		NI673077
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		45,546			-
Tangible assets	4		381,203			326,991
			426,749			326,991

Current assets
Stocks		264,000			255,000
Debtors	5	227,450			164,688
Cash at bank and in hand		26,142			47,018
		517,592			466,706

Creditors: amounts falling due within one year	6	(542,610)			(504,842)

Net current liabilities			(25,018)			(38,136)

Total assets less current liabilities			401,731			288,855

Creditors: amounts falling due after more than one year	7		(124,942)			(87,150)



Net assets			276,789			201,705

Capital and reserves
Profit and loss account			276,789			201,705

Shareholders' funds			276,789			201,705

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




James Gormley
Director
Approved by the board on 13 March 2026

Claraghlea Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings	not depreciated
	Plant and machinery	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			27		19


3	Intangible fixed assets					£
	Goodwill:

	Cost
	Additions					45,546
	At 31 October 2025					45,546

	Amortisation
	At 31 October 2025					-

	Net book value
	At 31 October 2025					45,546

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	92,817		405,307		498,124
	Additions	1,500		124,808		126,308
	At 31 October 2025	94,317		530,115		624,432

	Depreciation
	At 1 November 2024	-		171,133		171,133
	Charge for the year	-		72,096		72,096
	At 31 October 2025	-		243,229		243,229

	Net book value
	At 31 October 2025	94,317		286,886		381,203
	At 31 October 2024	92,817		234,174		326,991


5	Debtors			2025		2024
£					£

	Trade debtors			220,977		159,715
	Other debtors			6,473		4,973
				227,450		164,688


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			421,231		360,840
	Taxation and social security costs			46,222		64,224
	Other creditors			75,157		79,778
				542,610		504,842


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			11,421		21,717
	Obligations under finance lease and hire purchase contracts			113,521		65,433
				124,942		87,150


8	Other information

	Claraghlea Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	29 Stralongford Road
	Trillick
	Omagh
	Co Tyrone
	BT78 3TZ