Registration number: NI053361

Causeway Pallets & Transport Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 10

Causeway Pallets & Transport Limited

Company Information

Directors

Mrs Ashleigh Doyle Mr Fergal Moran Mr Mark Sheeran

Company secretary

Mr Mark Sheeran

Registered office

74 Fivey Road Stranocum Ballymoney Antrim BT538JH

Auditors

MBS Chartered Accountants & Registered Auditors 3 High Street Larne BT40 1JN

Causeway Pallets & Transport Limited

(Registration number: NI053361)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,779,585	398,176
Current assets
Stocks	5	71,979	58,664
Debtors	6	606,484	602,563
Cash at bank and in hand		278,664	970,545
		957,127	1,631,772
Creditors: Amounts falling due within one year	7	(930,562)	(372,029)
Net current assets		26,565	1,259,743
Total assets less current liabilities		1,806,150	1,657,919
Creditors: Amounts falling due after more than one year	7	-	(47,823)
Provisions for liabilities		(29,283)	-
Net assets		1,776,867	1,610,096
Capital and reserves
Called up share capital	8	1	1
Retained earnings		1,776,866	1,610,095
Shareholders' funds		1,776,867	1,610,096

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 11 June 2026 and signed on its behalf by:
 

......................................... Mrs Ashleigh Doyle Director

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 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:
74 Fivey Road
Stranocum
Ballymoney
Antrim
BT538JH

These financial statements were authorised for issue by the Board on 11 June 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.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 11 June 2026 was Simon Hopper FCA, who signed for and on behalf of MBS Chartered Accountants & Registered Auditors.

.........................................

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.

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 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.

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

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 period, was 8 (2024 - 11).

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 30 November 2024	208,706	1,364,737	163,608	1,737,051
Revaluations	(208,706)	-	-	(208,706)
Additions	1,586,543	-	-	1,586,543
At 31 December 2025	1,586,543	1,364,737	163,608	3,114,888
Depreciation
At 30 November 2024	102,540	1,094,736	141,599	1,338,875
Charge for the period	-	94,865	4,103	98,968
Impairment	(102,540)	-	-	(102,540)
At 31 December 2025	-	1,189,601	145,702	1,335,303
Carrying amount
At 31 December 2025	1,586,543	175,136	17,906	1,779,585
At 29 November 2024	106,166	270,001	22,009	398,176

Included within the net book value of land and buildings above is £1,586,543 (2024 - £106,166) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	71,979	58,664

6

Debtors

Current	2025 £	2024 £
Trade debtors	585,209	602,563
Prepayments	21,275	-
	606,484	602,563

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	39,467	46,222
Trade creditors		338,200	75,957
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	250,000	-
Taxation and social security		234,055	182,611
Accruals and deferred income		10,100	10,322
Other creditors		58,740	56,917
		930,562	372,029

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	47,823

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	47,823

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	39,467	46,222

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 2025

10	Related party transactions

Causeway Pallets & Transport Limited

Notes to the Financial Statements for the Period from 30 November 2024 to 31 December 2025

Directors' remuneration

The directors' remuneration for the period was as follows:

	2025 £	2024 £
Remuneration	-	16,489

11	Parent and ultimate parent undertaking

Transactions with other companies in the CJ Sheeran Group Limited are not disclosed as the company has taken advantage of the exemption available to wholly owned members of a group under FRS "Related Party Disclosures".

 The company's immediate parent is CJ Sheeran Group Ltd, incorporated in Republic of Ireland.