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Company registration number: NI630187
G McCann Steelworks Ltd
Unaudited filleted financial statements
31 March 2024
G McCann Steelworks Ltd
Contents
Directors and other information
Accountants report
Balance sheet and notes to the financial statements
G McCann Steelworks Ltd
Directors and other information
Directors Mr Gerard McCann
Mrs Michelle McCann
Company number NI630187
Registered office 74 Ballykeel Road
Rathfriland
Newry
Co Down
BT34 5AZ
Business address 74 Ballykeel Road
Rathfriland
Newry
Co Down
BT34 5AZ
Accountants McPolin & Murdock Ltd
37 Church Street
Warrenpoint
Co Down
BT34 3HN
Bankers Ulster Bank
86 Hill Street
Newry
Co Down
BT34 1BT
G McCann Steelworks Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of G McCann Steelworks Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G McCann Steelworks Ltd for the year ended 31 March 2024 which comprise the Balance Sheet and related notes 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 G McCann Steelworks Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of G McCann Steelworks Ltd and state those matters that we have agreed to state to the board of directors of G McCann Steelworks Ltd 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 G McCann Steelworks Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that G McCann Steelworks Ltd 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 G McCann Steelworks Ltd. You consider that G McCann Steelworks Ltd 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 G McCann Steelworks Ltd. 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.
McPolin & Murdock Ltd
Chartered Accountants
37 Church Street
Warrenpoint
Co Down
BT34 3HN
19 March 2025
G McCann Steelworks Ltd
Balance sheet
31 March 2024
2024 2023
£ £ £ £
Fixed assets 35,022 41,384
_______ _______
Current assets 23,865 15,875
Prepayments and accrued income 10,542 13,490
_______ _______
34,407 29,365
Creditors: amounts falling due within one year ( 50,583) ( 39,566)
_______ _______
Net current liabilities ( 16,176) ( 10,201)
_______ _______
Total assets less current liabilities 18,846 31,183
Creditors: amounts falling due after more than one year ( 13,403) ( 26,072)
Accruals and deferred income ( 4,475) ( 4,475)
_______ _______
Net assets 968 636
_______ _______
Capital and reserves 968 636
_______ _______
Notes to the financial statements
G McCann Steelworks Ltd
Year ended 31 March 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gerard McCann 3,469 ( 1,833) 1,636
Mrs Michelle McCann 3,469 ( 1,833) 1,636
_______ _______ _______
6,938 ( 3,666) 3,272
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Gerard McCann ( 9,190) 12,659 3,469
Mrs Michelle McCann ( 9,190) 12,659 3,469
_______ _______ _______
( 18,380) 25,318 6,938
_______ _______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr Gerard McCann Mrs Michelle McCann
Director Director
Company registration number: NI630187
The company is a private company limited by shares, registered in Northern Ireland.