MCCANN BROS (N.I.) LTD

Company Registration Number:
NI612378 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

MCCANN BROS (N.I.) LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

MCCANN BROS (N.I.) LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 570,879 593,718
Total fixed assets: 570,879 593,718
Current assets
Stocks: 4,955 4,950
Debtors:   389,648 430,148
Cash at bank and in hand: 340,307 283,044
Total current assets: 734,910 718,142
Creditors: amounts falling due within one year:   (480,066) (481,693)
Net current assets (liabilities): 254,844 236,449
Total assets less current liabilities: 825,723 830,167
Creditors: amounts falling due after more than one year:   (80,492) (184,327)
Total net assets (liabilities): 745,231 645,840
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 745,229 645,838
Shareholders funds: 745,231 645,840

The notes form part of these financial statements

MCCANN BROS (N.I.) LTD

Balance sheet statements

For the year ending 30 June 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 November 2023
and signed on behalf of the board by:

Name: Gerard McCann
Status: Director

The notes form part of these financial statements

MCCANN BROS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 12.5% Straight lineMotor Vehicles 20% Straight lineFixtures & Fittings 15% Straight line

MCCANN BROS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 15 16

MCCANN BROS (N.I.) LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 1,022,689
Additions 73,537
At 30 June 2023 1,096,226
Depreciation
At 01 July 2022 428,971
Charge for year 96,376
At 30 June 2023 525,347
Net book value
At 30 June 2023 570,879
At 30 June 2022 593,718