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REGISTERED NUMBER: NI018134 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MCCOUBREY (S.J. MCKAY) LIMITED

MCCOUBREY (S.J. MCKAY) LIMITED (REGISTERED NUMBER: NI018134)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCCOUBREY (S.J. MCKAY) LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J Magee
Mrs F Magee





REGISTERED OFFICE: 154 Cavehill Road
Belfast
BT15 5EX





REGISTERED NUMBER: NI018134 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

MCCOUBREY (S.J. MCKAY) LIMITED (REGISTERED NUMBER: NI018134)

Balance Sheet
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,239 88,821

CURRENT ASSETS
Stocks 68,200 70,000
Debtors 5 161,976 173,762
Cash at bank and in hand 93,121 144,760
323,297 388,522
CREDITORS
Amounts falling due within one year 6 278,843 409,399
NET CURRENT ASSETS/(LIABILITIES) 44,454 (20,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,693

67,944

CREDITORS
Amounts falling due after more than one
year

7

(5,820

)

(5,820

)

PROVISIONS FOR LIABILITIES (1,630 ) (1,630 )
NET ASSETS 121,243 60,494

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 121,241 60,492
121,243 60,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MCCOUBREY (S.J. MCKAY) LIMITED (REGISTERED NUMBER: NI018134)

Balance Sheet - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





J Magee - Director


MCCOUBREY (S.J. MCKAY) LIMITED (REGISTERED NUMBER: NI018134)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Mccoubrey (S.j. Mckay) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Buildings - 2% Straight line
Plant and Machinery - 10% Reducing Balance and 25% Reducing Balance
Computer Equipment - 25% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MCCOUBREY (S.J. MCKAY) LIMITED (REGISTERED NUMBER: NI018134)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 148,830 59,281 208,111
DEPRECIATION
At 1 February 2023 72,179 47,111 119,290
Charge for year 2,977 1,605 4,582
At 31 January 2024 75,156 48,716 123,872
NET BOOK VALUE
At 31 January 2024 73,674 10,565 84,239
At 31 January 2023 76,651 12,170 88,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 128,273 126,722
Amounts owed by group undertakings 3,558 3,558
Other debtors 30,145 43,482
161,976 173,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts - (2,046 )
Trade creditors 169,699 280,323
Taxation and social security 70,249 66,361
Other creditors 38,895 64,761
278,843 409,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/1/24 31/1/23
£    £   
Other creditors 5,820 5,820