BrightAccountsProduction v1.0.0 v1.0.0 2023-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is meat processing and retail foodstuffs. 20 November 2024 55 55 NI670200 2024-07-31 NI670200 2023-07-31 NI670200 2022-07-31 NI670200 2023-08-01 2024-07-31 NI670200 2022-08-01 2023-07-31 NI670200 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI670200 uk-curr:PoundSterling 2023-08-01 2024-07-31 NI670200 uk-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI670200 uk-bus:AbridgedAccounts 2023-08-01 2024-07-31 NI670200 uk-core:ShareCapital 2024-07-31 NI670200 uk-core:ShareCapital 2023-07-31 NI670200 uk-core:SharePremium 2024-07-31 NI670200 uk-core:SharePremium 2023-07-31 NI670200 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI670200 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI670200 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 NI670200 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 NI670200 uk-bus:FRS102 2023-08-01 2024-07-31 NI670200 uk-core:LandBuildings 2023-08-01 2024-07-31 NI670200 uk-core:PlantMachinery 2023-08-01 2024-07-31 NI670200 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 NI670200 uk-core:MotorVehicles 2023-08-01 2024-07-31 NI670200 2023-08-01 2024-07-31 NI670200 uk-bus:Director2 2023-08-01 2024-07-31 NI670200 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI670200
 
 
MCKEES FOODS LTD
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 July 2024
MCKEES FOODS LTD
Company Registration Number: NI670200
ABRIDGED BALANCE SHEET
as at 31 July 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 1,149,443 1,092,030
───────── ─────────
 
Current Assets
Stocks 84,324 80,415
Debtors 627,400 662,648
Cash at bank and in hand 1,084,330 954,677
───────── ─────────
1,796,054 1,697,740
───────── ─────────
Creditors: amounts falling due within one year (219,386) (235,406)
───────── ─────────
Net Current Assets 1,576,668 1,462,334
───────── ─────────
Total Assets less Current Liabilities 2,726,111 2,554,364
 
Creditors:
amounts falling due after more than one year (233,096) (225,559)
───────── ─────────
Net Assets 2,493,015 2,328,805
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Share premium account 1,458,941 1,458,941
Retained earnings 1,033,974 869,764
───────── ─────────
Shareholders' Funds 2,493,015 2,328,805
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 20 November 2024 and signed on its behalf by
           
           
________________________________          
Mr. Paul Timothy Gibson          
Director          
           



MCKEES FOODS LTD
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 July 2024

   
1. General Information
 
MCKEES FOODS LTD is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI670200. The registered office of the company is 11 Fair Hill, Maghera, BT46 5AY, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 July 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Current asset investments are stated at the lower of cost and net realisable value.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The company accounts are prepared on the going concern basis.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 55, (2023 - 55).
 
  2024 2023
  Number Number
 
Employees 55 55
  ═════════ ═════════
             
5. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 August 2023 801,500 474,998 21,129 124,920 1,422,547
Additions - 247,066 - - 247,066
  ───────── ───────── ───────── ───────── ─────────
At 31 July 2024 801,500 722,064 21,129 124,920 1,669,613
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 August 2023 48,090 217,608 7,042 57,777 330,517
Charge for the financial year 16,030 144,413 4,226 24,984 189,653
  ───────── ───────── ───────── ───────── ─────────
At 31 July 2024 64,120 362,021 11,268 82,761 520,170
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 July 2024 737,380 360,043 9,861 42,159 1,149,443
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 July 2023 753,410 257,390 14,087 67,143 1,092,030
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.