Registered Number NI038712


Abbreviated Accounts

31 October 2014


Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 720,459 685,358
720,459 685,358
Current assets
Stocks 146,309 130,453
Debtors 150,845 199,566
Cash at bank and in hand 648,598 634,906
945,752 964,925
Creditors: amounts falling due within one year (94,031 ) (113,269 )
Net current assets (liabilities) 851,721 851,656
Total assets less current liabilities 1,572,180 1,537,014
Provisions for liabilities (21,458 ) (17,479 )
Total net assets (liabilities) 1,550,722 1,519,535
Capital and reserves
Called up share capital 3 3 3
Share premium account 492,659 492,659
Profit and loss account 1,058,060 1,026,873
Shareholders' funds 1,550,722 1,519,535

  • For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 July 2015

And signed on their behalf by:
Martin McCann, Director


Notes to the Abbreviated Accounts for the period ended 31 October 2014

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - Straight line over 50 years
Plant and machinery- 10% Straight Line
Fixtures, fittings
and equipment - 10% Straight Line
Motor vehicles - 20% Straight Line
Properties - Not provided

Investment Properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2 Tangible fixed assets
At 1 November 2013 1,407,477
Additions 71,510
Disposals (14,870 )
Revaluations -
Transfers -
At 31 October 2014 1,464,117
At 1 November 2013 722,119
Charge for the year 35,913
On disposals (14,374 )
At 31 October 2014 743,658
Net book values
At 31 October 2014 720,459
At 31 October 2013 685,358
3 Called Up Share Capital
Allotted, called up and fully paid:
3 Ordinary shares of £1 each 3 3