Mournebuilt Ltd

Mournebuilt Ltd

MOURNEBUILT LTD - Company Information

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1 February 2022 false No description of principal activity Taxfiler 2023.5 NI635775business:PrivateLimitedCompanyLtd2022-02-012023-01-31 NI6357752022-01-31 NI6357752022-02-012023-01-31 NI635775business:AuditExemptWithAccountantsReport2022-02-012023-01-31 NI635775business:FullAccounts2022-02-012023-01-31 NI6357752023-01-31 NI635775business:Director12022-02-012023-01-31 NI635775business:Director22022-02-012023-01-31 NI635775business:CompanySecretary12022-02-012023-01-31 NI635775business:RegisteredOffice2022-02-012023-01-31 NI6357752022-01-31 NI635775core:WithinOneYear2023-01-31 NI635775core:WithinOneYear2022-01-31 NI635775core:ShareCapital2023-01-31 NI635775core:ShareCapital2022-01-31 NI635775core:RetainedEarningsAccumulatedLosses2023-01-31 NI635775core:RetainedEarningsAccumulatedLosses2022-01-31 NI635775business:SmallEntities2022-02-012023-01-31 NI635775countries:NorthernIreland2022-02-012023-01-31 NI635775core:PlantMachinery2022-02-012023-01-31 NI635775core:PlantMachinery2022-01-31 NI635775core:PlantMachinery2023-01-31 NI6357752021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. NI635775 (Northern Ireland)
Mournebuilt Ltd Unaudited accounts for the year ended 31 January 2023
Mournebuilt Ltd Unaudited accounts Contents
Page
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Mournebuilt Ltd Company Information for the year ended 31 January 2023
Directors
Alan Robert Blue Glyn John Mitchell
Secretary
Alan Robert Blue
Company Number
NI635775 (Northern Ireland)
Registered Office
199 KILLOWEN ROAD ROSTREVOR BT34 3AH UNITED KINGDOM
Accountants
J.M Wallwin 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
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Mournebuilt Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,436 
13,915 
Current assets
Inventories
241,776 
241,776 
Debtors
5
29,042 
33,617 
Cash at bank and in hand
4,195 
20,717 
275,013 
296,110 
Creditors: amounts falling due within one year
6
(44,517)
(54,178)
Net current assets
230,496 
241,932 
Net assets
240,932 
255,847 
Capital and reserves
Called up share capital
80,000 
80,000 
Profit and loss account
160,932 
175,847 
Shareholders' funds
240,932 
255,847 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2023 and were signed on its behalf by
Alan Robert Blue Director Company Registration No. NI635775
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Mournebuilt Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Mournebuilt Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI635775. The registered office is 199 KILLOWEN ROAD, ROSTREVOR, BT34 3AH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Mournebuilt Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
32,987 
At 31 January 2023
32,987 
Depreciation
At 1 February 2022
19,072 
Charge for the year
3,479 
At 31 January 2023
22,551 
Net book value
At 31 January 2023
10,436 
At 31 January 2022
13,915 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,042 
13,617 
Trade debtors
20,000 
20,000 
29,042 
33,617 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
36,785 
46,446 
Taxes and social security
(4,264)
(4,264)
Loans from directors
9,496 
9,496 
Accruals
2,500 
2,500 
44,517 
54,178 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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