31/08/2018
2018-08-31
false
false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
false
No description of principal activities is disclosed
2017-09-01
Sage Accounts Production 18.30 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
NI035777
2017-09-01
2018-08-31
NI035777
2018-08-31
NI035777
2017-08-31
NI035777
2016-09-01
2017-08-31
NI035777
2017-08-31
NI035777
core:IntangibleAssetsOtherThanGoodwill
2017-09-01
2018-08-31
NI035777
core:LandBuildings
core:OwnedOrFreeholdAssets
2017-09-01
2018-08-31
NI035777
core:FurnitureFittingsToolsEquipment
2017-09-01
2018-08-31
NI035777
core:MotorVehicles
2017-09-01
2018-08-31
NI035777
bus:RegisteredOffice
2017-09-01
2018-08-31
NI035777
bus:LeadAgentIfApplicable
2017-09-01
2018-08-31
NI035777
bus:Director1
2017-09-01
2018-08-31
NI035777
bus:Director2
2017-09-01
2018-08-31
NI035777
bus:CompanySecretary1
2017-09-01
2018-08-31
NI035777
core:WithinOneYear
2018-08-31
NI035777
core:WithinOneYear
2017-08-31
NI035777
core:AfterOneYear
2018-08-31
NI035777
core:AfterOneYear
2017-08-31
NI035777
core:ShareCapital
2018-08-31
NI035777
core:ShareCapital
2017-08-31
NI035777
core:OtherReservesSubtotal
2018-08-31
NI035777
core:OtherReservesSubtotal
2017-08-31
NI035777
core:RetainedEarningsAccumulatedLosses
2018-08-31
NI035777
core:RetainedEarningsAccumulatedLosses
2017-08-31
NI035777
bus:SmallEntities
2017-09-01
2018-08-31
NI035777
bus:AuditExemptWithAccountantsReport
2017-09-01
2018-08-31
NI035777
bus:AbridgedAccounts
2017-09-01
2018-08-31
NI035777
bus:SmallCompaniesRegimeForAccounts
2017-09-01
2018-08-31
NI035777
bus:PrivateLimitedCompanyLtd
2017-09-01
2018-08-31
Statement of consent to prepare abridged financial statements
All of the members of
Cameron Stewart (Northern Ireland) Limited have consented to the preparation of the abridged statement of financial position for the current year ending 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number:
NI035777
Cameron Stewart (Northern Ireland) Limited
Unaudited filleted abridged financial statements
31 August 2018
Cameron Stewart (Northern Ireland) Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Cameron Stewart (Northern Ireland) Limited
Directors and other information
|
|
|
|
|
Directors
|
Mr Cameron Stewart
|
|
|
|
Mr Ronald Stewart
|
(Resigned 12 January 2018)
|
|
|
|
|
|
|
|
|
|
Secretary
|
Cameron Stewart
|
|
|
|
|
|
|
|
|
|
|
Company number
|
NI035777
|
|
|
|
|
|
|
|
|
|
|
Registered office
|
21 Morgan Hill Road
|
|
|
|
Cookstown
|
|
|
|
Co. Tyrone
|
|
|
|
BT80 8HA
|
|
|
|
|
|
|
|
|
|
|
Accountants
|
ASM (D) Ltd
|
|
|
|
8 Park Road
|
|
|
|
Dungannon
|
|
|
|
Co Tyrone
|
|
|
|
BT71 7AP
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
Ulster Bank Limited
|
|
|
20 William Street
|
|
|
Cookstown
|
|
|
BT80 8ND
|
|
|
|
|
|
|
|
Solicitors
|
Doris & McMahon
|
|
|
63 James Street
|
|
|
Cookstown
|
|
|
BT80 8AE
|
|
|
|
Cameron Stewart (Northern Ireland) Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Cameron Stewart (Northern Ireland) Limited
Year ended 31 August 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cameron Stewart (Northern Ireland) Limited for the year ended 31 August 2018 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Cameron Stewart (Northern Ireland) Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Cameron Stewart (Northern Ireland) Limited and state those matters that we have agreed to state to the board of directors of Cameron Stewart (Northern Ireland) Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cameron Stewart (Northern Ireland) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Cameron Stewart (Northern Ireland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cameron Stewart (Northern Ireland) Limited. You consider that Cameron Stewart (Northern Ireland) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cameron Stewart (Northern Ireland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ASM (D) Ltd
Chartered Accountants
8 Park Road
Dungannon
Co Tyrone
BT71 7AP
28 May 2019
Cameron Stewart (Northern Ireland) Limited
Abridged statement of financial position
31 August 2018
|
|
|
2018
|
|
|
|
2017
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
5
|
-
|
|
|
|
15,633
|
|
|
Tangible assets
|
|
6
|
1,842,425
|
|
|
|
1,864,673
|
|
|
|
|
|
________
|
|
|
|
________
|
|
|
|
|
|
|
|
1,842,425
|
|
|
|
1,880,306
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Stocks
|
|
|
151,889
|
|
|
|
109,800
|
|
|
Debtors
|
|
|
7,142
|
|
|
|
3,729
|
|
|
Cash at bank and in hand
|
|
|
286,855
|
|
|
|
98,302
|
|
|
|
|
|
________
|
|
|
|
________
|
|
|
|
|
|
445,886
|
|
|
|
211,831
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
459,169)
|
|
|
|
(
431,378)
|
|
|
|
|
|
________
|
|
|
|
________
|
|
|
Net current liabilities
|
|
|
|
|
(
13,283)
|
|
|
|
(
219,547)
|
|
|
|
|
|
________
|
|
|
|
________
|
Total assets less current liabilities
|
|
|
|
|
1,829,142
|
|
|
|
1,660,759
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
after more than one year
|
|
7,8
|
|
|
(
425,856)
|
|
|
|
(
470,877)
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
(
4,957)
|
|
|
|
(
6,888)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
________
|
|
|
|
________
|
Net assets
|
|
|
|
|
1,398,329
|
|
|
|
1,182,994
|
|
|
|
|
|
________
|
|
|
|
________
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
50,000
|
|
|
|
50,000
|
Other reserves
|
|
|
|
|
50,000
|
|
|
|
50,000
|
Profit and loss account
|
|
|
|
|
1,298,329
|
|
|
|
1,082,994
|
|
|
|
|
|
________
|
|
|
|
________
|
Shareholders funds
|
|
|
|
|
1,398,329
|
|
|
|
1,182,994
|
|
|
|
|
|
________
|
|
|
|
________
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2018 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 May 2019
, and are signed on behalf of the board by:
Mr Cameron Stewart
Director
Company registration number:
NI035777
Cameron Stewart (Northern Ireland) Limited
Notes to the financial statements
Year ended 31 August 2018
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 21 Morgan Hill Road, Cookstown, Co. Tyrone, BT80 8HA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Licence |
- |
10 % |
straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property
|
-
|
2 %
|
straight line
|
|
Fittings fixtures and equipment
|
-
|
20 %
|
reducing balance
|
|
Motor vehicles
|
-
|
20 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
13
(2017:
12
).
5.
Intangible assets
|
|
|
|
|
|
|
|
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
At 1 September 2017 and 31 August 2018
|
156,303
|
|
|
|
|
|
|
________
|
|
|
|
|
|
Amortisation
|
|
|
|
|
|
|
At 1 September 2017
|
140,670
|
|
|
|
|
|
Charge for the year
|
15,633
|
|
|
|
|
|
|
________
|
|
|
|
|
|
At 31 August 2018
|
156,303
|
|
|
|
|
|
|
________
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
At 31 August 2018
|
-
|
|
|
|
|
|
|
________
|
|
|
|
|
|
At 31 August 2017
|
15,633
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
|
|
|
|
|
|
|
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
At 1 September 2017 and 31 August 2018
|
2,348,683
|
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
At 1 September 2017
|
484,010
|
|
|
|
|
|
|
Charge for the year
|
22,248
|
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
At 31 August 2018
|
506,258
|
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 August 2018
|
1,842,425
|
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
At 31 August 2017
|
1,864,673
|
|
|
|
|
|
|
|
________
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment property
The value of the investment property as at 31 August 2018 has been reviewed by the directors and included at a value of £1,448,146 (2017: £1,448,146), being its considered open market value for existing use.
7.
Creditors
The bank loan and overdraft of £472,935 (2017: £531,021) are secured by a fixed charge over the company's freehold land and buildings and a floating charge over all the assets of the company.
8.
Creditors: amounts falling due after more than one year
Included within creditors: amounts falling due after more than one year is an amount of £ 237,543
(2017 £ 274,557 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Bank loans are repayable by monthly instalments. Interest is currently payable on bank loans at a rate of 3.15%.