Registration number: NI616701

Casey Filling Station Ltd

Contents

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

Casey Filling Station Ltd

Company Information

Directors

Peter Casey Brian Casey

Registered office

8 Newry Road Crossmaglen Newry County Down Northern Ireland BT35 9HH

Solicitors

Gus Campbell Solicitors 10-12 Carleton Street Portadown Armagh BT62 3EN

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants & Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

Casey Filling Station Ltd

(Registration number: NI616701)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	176,135	159,181
Current assets
Stocks	5	165,384	121,089
Debtors	6	384,938	329,860
Cash at bank and in hand		137,517	47,215
		687,839	498,164
Creditors: Amounts falling due within one year	7	(445,081)	(316,926)
Net current assets		242,758	181,238
Total assets less current liabilities		418,893	340,419
Creditors: Amounts falling due after more than one year	7	(58,830)	(78,070)
Provisions for liabilities		(19,661)	(8,545)
Net assets		340,402	253,804
Capital and reserves
Called up share capital	8	2	2
Retained earnings		340,400	253,802
Shareholders' funds		340,402	253,804

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 3 August 2026 and signed on its behalf by:
 

......................................... Brian Casey Director

Casey Filling Station 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:
8 Newry Road
Crossmaglen
Newry
County Down
BT35 9HH
Northern Ireland

The principal place of business is:
61 Concession Road
Culloville
Newry
Down
BT35 9AP

These financial statements were authorised for issue by the Board on 3 August 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.

Casey Filling Station Ltd

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

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.

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
Short Leasehold property	2% Straight Line
Plant & Machinery	25% Reducing Balance
Fixtures & 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.

Casey Filling Station Ltd

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

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.

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.

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.

Casey Filling Station Ltd

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

Defined contribution pension obligation

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 21).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	93,000	273,232	151,595	517,827
Additions	-	44,978	4,169	49,147
At 31 October 2025	93,000	318,210	155,764	566,974
Depreciation
At 1 November 2024	27,900	251,160	79,586	358,646
Charge for the year	1,860	11,810	18,523	32,193
At 31 October 2025	29,760	262,970	98,109	390,839
Carrying amount
At 31 October 2025	63,240	55,240	57,655	176,135
At 31 October 2024	65,100	22,072	72,009	159,181

Included within the net book value of land and buildings above is £63,240 (2024 - £65,100) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	165,384	121,089

Casey Filling Station Ltd

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	3,060	-
Prepayments	11,632	13,813
Other debtors	370,246	316,047
	384,938	329,860

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	19,240	19,240
Trade creditors		404,774	283,350
Taxation and social security		4,754	3,324
Accruals and deferred income		14,047	10,176
Other creditors		2,266	836
		445,081	316,926

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	58,830	78,070

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share Capital of £1 each	2	2	2	2

Casey Filling Station Ltd

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

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	58,830	78,070

Current loans and borrowings

	2025 £	2024 £
Other borrowings	19,240	19,240

Other borrowings

Henderson Loan is denominated in £ with a nominal interest rate of 6.5%, and the final instalment is due on 1 December 2029. The carrying amount at year end is £78,070 (2024 - £97,310).