Registration number:
Carnalbanagh Holdings Limited
for the Period from 28 October 2024 to 30 April 2025
Carnalbanagh Holdings Limited
Contents
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Company Information |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Strategic Report |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
Carnalbanagh Holdings Limited
Company Information
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Directors |
Mrs Julie Morrissey Mr Paul Caves |
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Registered office |
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Auditors |
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Carnalbanagh Holdings Limited
Directors' Report for the Period from 28 October 2024 to 30 April 2025
The directors present their report and the for the period from 28 October 2024 to 30 April 2025.
Incorporation
The company was incorporated on
Directors of the group
The directors who held office during the period were as follows:
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Information included in the Strategic Report
In accordance with the provisions of s414C(11) of the Companies Act 2006, the following matters, otherwise required for inclusion in the Directors’ Report, have been included in the Strategic Report:
• Review of business and future developments in the Company, and
• Key risks to the business.
Carnalbanagh Holdings Limited
Directors' Report for the Period from 28 October 2024 to 30 April 2025
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Stevenson and Wilson as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Branches outside the United Kingdom
The company has 2 branches in the Republic of Ireland situated in Dublin and Donegal.
Approved and authorised by the
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Carnalbanagh Holdings Limited
Strategic Report for the period from 28 October 2024 to 30 April 2025
The directors present their strategic report for the period from 28 October 2024 to 30 April 2025.
Principal activity
The principal activity of the group is distributing and wholesaling catering equipment.
There have been no significant changes in this activity and the directors do not expect this to change in the incoming year.
Fair review of the business
An increase in turnover has been offset by a small reduction in gross profit margin resulting in a level of profit for the year which the directors consider to be satisfactory. The Directors anticipate that the group will continue to trade profitably in the incoming year.
The company's key financial and other performance indicators during the period were as follows:
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Financial KPIs |
Unit |
2025 |
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Turnover |
£ |
8,910,903 |
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Gross profit margin |
% |
30 |
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Profit before tax and dividend |
£ |
282,653 |
Principal risks and uncertainties
The key risk to the business in the future relates to competition from other suppliers and the demand from the catering industry including government departments. The directors are confident that their customer service record is such that the group can compete successfully in the current economic climate.
The board of Directors are also aware of the financial risks arising from liquidity, credit and exchange rate issues. They regularly review the financial position of the group and implement controls to reduce any exposure in these areas.
Approved and authorised by the
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Carnalbanagh Holdings Limited
Independent Auditor's Report to the Members of Carnalbanagh Holdings Limited
Opinion
We have audited the financial statements of Carnalbanagh Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period from 28 October 2024 to 30 April 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 30 April 2025 and of the group's profit for the period then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
Carnalbanagh Holdings Limited
Independent Auditor's Report to the Members of Carnalbanagh Holdings Limited
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 2], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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We identified the laws and regulations applicable to the company through discussions with directors and key personnel, and from our own knowledge and experience of the industry. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation, while also giving consideration to data protection regulations, employment law and health and safety legislation. |
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The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations and the team remained alert to the possibility of fraud and non-compliance throughout the audit. |
Carnalbanagh Holdings Limited
Independent Auditor's Report to the Members of Carnalbanagh Holdings Limited
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We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur. We did so through discussions with management as to their assessment of areas where fraud or non-compliance might occur, as well as considering the internal controls in place to mitigate risks of fraud and non-compliance. |
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In order to ascertain the extent of compliance with the laws and regulations, we made enquiries of management as to whether there was any actual or potential litigation, we reviewed legal correspondence, we inspected tax correspondence and we performed analytical procedures to identify any unusual or unexpected activity. |
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Ballymena
Co Antrim
BT43 7AA
Carnalbanagh Holdings Limited
Consolidated Profit and Loss Account for the Period from 28 October 2024 to 30 April 2025
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Note |
2025 |
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Turnover |
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Cost of sales |
( |
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Gross profit |
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|
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Administrative expenses |
( |
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Other operating income |
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Operating profit |
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Interest payable and similar expenses |
( |
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Profit before tax |
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Tax on profit |
( |
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Profit for the financial period |
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Profit/(loss) attributable to: |
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Owners of the company |
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The above results were derived from continuing operations.
The group has no recognised gains or losses for the period other than the results above.
Carnalbanagh Holdings Limited
Consolidated Statement of Comprehensive Income for the Period from 28 October 2024 to 30 April 2025
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2025 |
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Profit for the period |
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Total comprehensive income for the period |
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Total comprehensive income attributable to: |
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Owners of the company |
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Carnalbanagh Holdings Limited
(Registration number: NI723016)
Consolidated Balance Sheet as at 30 April 2025
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Note |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
4,000 |
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Retained earnings |
5,624,630 |
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Shareholders' funds |
5,628,630 |
Approved and authorised by the
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Carnalbanagh Holdings Limited
(Registration number: NI723016)
Balance Sheet as at 30 April 2025
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Note |
2025 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
4,000 |
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Retained earnings |
1,000,000 |
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Shareholders' funds |
1,004,000 |
The company made a profit after tax for the financial period of £1,000,000
Approved and authorised by the
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Carnalbanagh Holdings Limited
Consolidated Statement of Changes in Equity for the Period from 28 October 2024 to 30 April 2025
Equity attributable to the parent company
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Share capital |
Retained earnings |
Total |
Total equity |
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Profit for the period |
- |
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New share capital subscribed |
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- |
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Acquisition of subsidiaries, increase in equity |
- |
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At 30 April 2025 |
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Carnalbanagh Holdings Limited
Statement of Changes in Equity for the Period from 28 October 2024 to 30 April 2025
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Share capital |
Retained earnings |
Total |
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Profit for the period |
- |
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New share capital subscribed |
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- |
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At 30 April 2025 |
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Carnalbanagh Holdings Limited
Consolidated Statement of Cash Flows for the Period from 28 October 2024 to 30 April 2025
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Note |
2025 |
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Cash flows from operating activities |
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Profit for the period |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Finance costs |
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Income tax expense |
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Working capital adjustments |
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Increase in stocks |
( |
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Decrease in trade debtors |
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Increase in trade creditors |
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Decrease in deferred income, including government grants |
( |
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Net cash flow from operating activities |
|
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Cash flows from investing activities |
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Acquisition of subsidiaries |
( |
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Acquisitions of tangible assets |
( |
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Net cash flows from investing activities |
( |
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Cash flows from financing activities |
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Interest paid |
( |
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Proceeds from issue of ordinary shares, net of issue costs |
( |
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Repayment of bank borrowing |
( |
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Payments to finance lease creditors |
( |
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Net cash flows from financing activities |
( |
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Net increase in cash and cash equivalents |
|
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Cash and cash equivalents at 28 October |
|
|
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Cash and cash equivalents at 30 April |
3,107,828 |
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Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
The accounts are presented in sterling which is the functional currency of the company.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 April 2025.
No profit and loss account is presented for the company as permitted by section 408 of the Companies Act 2006.
The company made a profit after tax for the financial period of £1,000,000.
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the profit and loss account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group. Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full. Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
Revenue recognition
Turnover, which excludes value added tax, is measured at the fair value of consideration received or receivable and represents the invoiced value of goods and services supplied. Turnover from the sale of goods is recognised when the Company has completed its performance obligations under the terms of the sale which is typically upon goods delivery and at which the point the risks and rewards associated with the ownership of the goods have passed to the purchaser. Turnover from the rendering of services is recognised on completion of the work, at which point the Company has earned entitlement to the consideration.
The group 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 group's activities.
Foreign currency transactions and balances
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 group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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:
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Asset class |
Depreciation method and rate |
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Freehold land and buildings |
4% reducing balance basis |
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Fixtures and fittings |
25% reducing balance basis |
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Motor vehicles |
25% reducing balance basis |
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Plant and machinery |
25% reducing balance basis |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.
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.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 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 group 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 group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
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.
Dividends
Dividend distribution to the group’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group 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.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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Turnover |
The analysis of the group's turnover for the period from continuing operations is as follows:
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2025 |
|
|
Sale of goods |
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
|
|
Depreciation expense |
|
|
Interest payable and similar expenses |
|
2025 |
|
|
Interest on bank overdrafts and borrowings |
|
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Interest on obligations under finance leases and hire purchase contracts |
|
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Interest expense on other finance liabilities |
|
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Foreign exchange gains |
|
|
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Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
|
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Wages and salaries |
|
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Social security costs |
|
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Pension costs, defined contribution scheme |
|
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Other employee expense |
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The average number of persons employed by the group (including directors) during the period, analysed by category was as follows:
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2025 |
|
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Administration and support |
|
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Other departments |
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|
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Directors' remuneration |
The directors' remuneration for the period was as follows:
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2025 |
|
|
Remuneration |
|
|
Contributions paid to money purchase schemes |
|
|
116,270 |
During the period the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
|
|
Accruing benefits under money purchase pension scheme |
|
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Auditors' remuneration |
|
2025 |
|
|
Audit of these financial statements |
7,000 |
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
|
|
Current taxation |
|
|
UK corporation tax |
|
|
Deferred taxation |
|
|
Arising from origination and reversal of timing differences |
( |
|
Tax expense in the income statement |
|
The tax on profit before tax for the period is the same as the standard rate of corporation tax in the UK of
The differences are reconciled below:
|
2025 |
|
|
Profit before tax |
|
|
Corporation tax at standard rate |
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
Effect of revenues exempt from taxation |
( |
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Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
Total tax charge |
|
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
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Tangible assets |
Group
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
|
Cost or valuation |
|||||
|
Acquired through business combinations |
|
|
|
|
|
|
Additions |
- |
|
- |
- |
|
|
At 30 April 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
Acquired through business combinations |
|
|
|
|
|
|
Charge for the period |
|
|
|
|
|
|
At 30 April 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 30 April 2025 |
|
|
|
|
|
Included within the net book value of land and buildings above is £834,050 in respect of freehold land and buildings.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
|
|
Tangible fixed assets |
369,287 |
|
Investments |
Group
Details of undertakings
The Group holds 100% of the equity share capital of the following subsidiaries. All subsidiaires have a year-end coterminous with that of their parent.
|
Undertaking |
Country of Incorporation |
Nature of business |
||
|
Stephens Catering Equipment Company Limited |
Northern Ireland |
Distributing and wholesaling catering equipment |
Company
|
2025 |
|
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
Additions |
|
|
Provision |
|
|
Carrying amount |
|
|
At 30 April 2025 |
|
|
Stocks |
|
Group |
Company |
|
|
2025 |
2025 |
|
|
Goods for resale |
|
- |
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
|
Debtors |
|
Group |
Company |
||
|
Current |
Note |
2025 |
2025 |
|
Trade debtors |
|
- |
|
|
Amounts owed by related parties |
- |
|
|
|
Other debtors |
|
- |
|
|
Prepayments |
|
- |
|
|
|
|
|
Cash and cash equivalents |
|
Group |
Company |
|
|
2025 |
2025 |
|
|
Cash at bank |
|
- |
|
Creditors |
|
Group |
Company |
||
|
Note |
2025 |
2025 |
|
|
Due within one year |
|||
|
Trade creditors |
|
- |
|
|
Loans and borrowings |
|
- |
|
|
Social security and other taxes |
|
- |
|
|
Other payables |
|
|
|
|
Accruals |
|
- |
|
|
Deferred income |
|
- |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
- |
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
Additional provisions |
|
|
|
At 30 April 2025 |
|
|
|
|
||
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
||
|
No. |
£ |
|
|
|
|
4,000 |
|
Obligations under leases and hire purchase contracts |
Group
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
|
|
Not later than one year |
|
|
Later than one year and not later than five years |
|
|
|
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
|
|
2025 |
2025 |
|
|
Bank borrowings |
|
- |
|
Hire purchase contracts |
|
- |
|
|
- |
|
Current loans and borrowings
|
Group |
Company |
|
|
2025 |
2025 |
|
|
Bank borrowings |
|
- |
|
Hire purchase contracts |
|
- |
|
|
- |
|
Bank borrowings are secured by an all monies debenture, fixed and floating security over the property, assets, undertakings, rights and revenues of the subsidiary and an all monies charge over the subsidiary's property.
Carnalbanagh Holdings Limited
Notes to the Financial Statements for the Period from 28 October 2024 to 30 April 2025
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the group to the scheme and amounted to £
|
Parent and ultimate parent undertaking |
The ultimate controlling party is