Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-30trueSale of new cars, stockists of car parts and accessories, operating a used car trade and vehicle servicing and repairing.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-10-01false2118true NI011287 2023-10-01 2024-09-30 NI011287 2022-10-01 2023-09-30 NI011287 2024-09-30 NI011287 2023-09-30 NI011287 c:Director1 2023-10-01 2024-09-30 NI011287 d:Buildings 2023-10-01 2024-09-30 NI011287 d:Buildings 2024-09-30 NI011287 d:Buildings 2023-09-30 NI011287 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI011287 d:MotorVehicles 2023-10-01 2024-09-30 NI011287 d:MotorVehicles 2024-09-30 NI011287 d:MotorVehicles 2023-09-30 NI011287 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI011287 d:FurnitureFittings 2023-10-01 2024-09-30 NI011287 d:FurnitureFittings 2024-09-30 NI011287 d:FurnitureFittings 2023-09-30 NI011287 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI011287 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI011287 d:OtherPropertyPlantEquipment 2024-09-30 NI011287 d:OtherPropertyPlantEquipment 2023-09-30 NI011287 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI011287 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI011287 d:CurrentFinancialInstruments 2024-09-30 NI011287 d:CurrentFinancialInstruments 2023-09-30 NI011287 d:Non-currentFinancialInstruments 2024-09-30 NI011287 d:Non-currentFinancialInstruments 2023-09-30 NI011287 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 NI011287 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI011287 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 NI011287 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 NI011287 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 NI011287 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 NI011287 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 NI011287 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 NI011287 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 NI011287 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 NI011287 d:ShareCapital 2024-09-30 NI011287 d:ShareCapital 2023-09-30 NI011287 d:RevaluationReserve 2024-09-30 NI011287 d:RevaluationReserve 2023-09-30 NI011287 d:RetainedEarningsAccumulatedLosses 2024-09-30 NI011287 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI011287 c:OrdinaryShareClass1 2023-10-01 2024-09-30 NI011287 c:OrdinaryShareClass1 2024-09-30 NI011287 c:OrdinaryShareClass1 2023-09-30 NI011287 c:OrdinaryShareClass2 2023-10-01 2024-09-30 NI011287 c:OrdinaryShareClass2 2024-09-30 NI011287 c:OrdinaryShareClass2 2023-09-30 NI011287 c:FRS102 2023-10-01 2024-09-30 NI011287 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 NI011287 c:FullAccounts 2023-10-01 2024-09-30 NI011287 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI011287 5 2023-10-01 2024-09-30 NI011287 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: NI011287










Sammy Mellon and Sons Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2024

 
Sammy Mellon and Sons Limited
Registered number: NI011287

Balance Sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
709,202
722,498

  
709,202
722,498

Current assets
  

Stocks
 6 
1,210,426
1,621,867

Debtors: amounts falling due within one year
 7 
711,677
294,756

Cash at bank and in hand
 8 
294,364
143,004

  
2,216,467
2,059,627

Creditors: amounts falling due within one year
 9 
(2,462,354)
(2,266,065)

Net current liabilities
  
 
 
(245,887)
 
 
(206,438)

Total assets less current liabilities
  
463,315
516,060

Creditors: amounts falling due after more than one year
 10 
(81,255)
(122,523)

  

Net assets
  
382,060
393,537


Capital and reserves
  

Called up share capital 
 12 
20,100
20,100

Revaluation reserve
  
294,000
300,000

Profit and loss account
  
67,960
73,437

  
382,060
393,537

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Sammy Mellon and Sons Limited
Registered number: NI011287

Balance Sheet (continued)
As at 30 September 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 May 2025.



Gordon Mellon
Director

The notes on pages 3 to 11 form part of these financial statements.
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Page 2

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

1.


General information

Sammy Mellon and Sons Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.
The presentation currency is that of Sterling (£).  There is no rounding applied to the accounts.


2.


Going Concern

The directors of the company have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in  preparing the financial statements.

3.Accounting policies

 
3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

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Page 3

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

3.Accounting policies (continued)

 
3.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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Page 4

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

3.Accounting policies (continued)

 
3.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
3.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
3.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
3.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
3.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Page 5

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

3.Accounting policies (continued)


3.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Other fixed assets
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
3.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
3.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
3.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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Page 6

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

3.Accounting policies (continued)

 
3.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
3.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
3.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


4.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 21).

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Page 7

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
700,000
9,773
67,600
346,979
1,124,352


Additions
-
-
1,015
4,349
5,364



At 30 September 2024

700,000
9,773
68,615
351,328
1,129,716



Depreciation


At 1 October 2023
-
6,540
62,263
333,051
401,854


Charge for the year on owned assets
14,000
808
1,067
2,785
18,660



At 30 September 2024

14,000
7,348
63,330
335,836
420,514



Net book value



At 30 September 2024
686,000
2,425
5,285
15,492
709,202



At 30 September 2023
700,000
3,233
5,337
13,928
722,498

Property included in freehold property was revalued in September 2022 by Neill Estate Agents at £600,000 on an open market value for existing use basis.
The directors reviewed this valuation and believe that the value the property is carried at in the financial statements for the year ended 30 September 2024 is appropriate.
If freehold property had not been included at valuation, they would be included under historical cost convention as follows:



2024
2023
£
£
Cost

400,000

400,000
 
Accumulated Depreciation

(8,000)

-
 
392,000

400,000
 


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Page 8

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,210,426
1,621,867

1,210,426
1,621,867



7.


Debtors

2024
2023
£
£


Trade debtors
535,077
69,519

Other debtors
176,600
225,237

711,677
294,756



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
294,364
143,004

294,364
143,004



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
23,494
37,793

Trade creditors
1,773,557
1,800,892

Corporation tax
36,081
55,094

Other taxation and social security
153,942
10,512

Other creditors
379,871
289,887

Accruals and deferred income
95,409
71,887

2,462,354
2,266,065


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Page 9

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,690
52,958

Corporation tax
51,565
69,565

81,255
122,523



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
23,494
37,793


23,494
37,793

Amounts falling due 1-2 years

Bank loans
5,971
23,494


5,971
23,494

Amounts falling due 2-5 years

Bank loans
23,719
18,353


23,719
18,353

Amounts falling due after more than 5 years

Bank loans
-
11,111

-
11,111

53,184
90,751


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Page 10

 
Sammy Mellon and Sons Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 September 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



20,000 (2023 - 20,000) Ordinary shares of £1.00 each
20,000
20,000
100 (2023 - 100) Ordinary B shares of £1.00 each
100
100

20,100

20,100



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Page 11