Company registration number: NI050830
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Iron Designs (Armagh) Limited
Pages for filing with the Registrar
Company registration number: NI050830
Iron Designs (Armagh) Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 132,500 89,718
132,500 89,718
Current assets
Stocks 101,295 126,271
Debtors 5 13,082 20,530
Cash at bank and in hand 2,795 200
117,172 147,001
Creditors: amounts falling due within one year
6 (124,215) (148,540)
Net current liabilities (7,043) (1,539)
Total assets less current liabilities 125,457 88,179
Creditors: Amounts falling due after more than one year
7 (47,352) (18,994)
NET ASSETS 78,105 69,185
Capital and reserves
Called up share capital 20,002 20,002
Profit and loss account 58,103 49,183
TOTAL EQUITY 78,105 69,185
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI050830
Iron Designs (Armagh) Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P McKeown, Director
4 August 2026
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Iron Designs (Armagh) Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Iron Designs (Armagh) Limited is a private company registered in Northern Ireland. Its registered number is NI050830. The company is limited by shares. Its registered office is 80 Drumahean Road, Middletown, Armagh, County Armagh, BT60 3QG.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 10% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 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.
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Iron Designs (Armagh) Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2024 - 7).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 265,100
Additions 71,576
Disposals (26,500)
At 31 December 2025 310,176
Depreciation
At 1 January 2025 175,382
Charge for year 22,505
Eliminated on disposal (20,211)
At 31 December 2025 177,676
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Iron Designs (Armagh) Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets - continued
Net book value
At 31 December 2025 132,500
At 31 December 2024 89,718
5 Debtors
2025 2024
£ £
Trade debtors 13,082 20,530
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 35,731 27,978
Hire purchase and finance leases 17,736 11,084
Payments received on account 15,561 69,417
Trade creditors 24,959 29,563
Other creditors 15,576 2,993
Taxation - 369
VAT payable 14,652 7,136
124,215 148,540
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 12,427 -
Other loans - 18,994
Hire purchase and finance leases 34,925 -
47,352 18,994
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