IRIS Accounts Production v25.1.4.42 NI054439 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0544392023-12-31NI0544392024-12-31NI0544392024-01-012024-12-31NI0544392022-12-31NI0544392023-01-012023-12-31NI0544392023-12-31NI054439ns15:NorthernIreland2024-01-012024-12-31NI054439ns14:PoundSterling2024-01-012024-12-31NI054439ns10:Director12024-01-012024-12-31NI054439ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31NI054439ns10:SmallEntities2024-01-012024-12-31NI054439ns10:AuditExemptWithAccountantsReport2024-01-012024-12-31NI054439ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31NI054439ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31NI054439ns10:FullAccounts2024-01-012024-12-31NI05443912024-01-012024-12-31NI054439ns10:Director22024-01-012024-12-31NI054439ns10:CompanySecretary12024-01-012024-12-31NI054439ns10:RegisteredOffice2024-01-012024-12-31NI054439ns5:CurrentFinancialInstruments2024-12-31NI054439ns5:CurrentFinancialInstruments2023-12-31NI054439ns5:Non-currentFinancialInstruments2024-12-31NI054439ns5:Non-currentFinancialInstruments2023-12-31NI054439ns5:ShareCapital2024-12-31NI054439ns5:ShareCapital2023-12-31NI054439ns5:RetainedEarningsAccumulatedLosses2024-12-31NI054439ns5:RetainedEarningsAccumulatedLosses2023-12-31NI054439ns5:NetGoodwill2024-01-012024-12-31NI054439ns5:NetGoodwill2023-12-31NI054439ns5:NetGoodwill2024-12-31NI054439ns5:NetGoodwill2023-12-31NI054439ns5:LeaseholdImprovements2023-12-31NI054439ns5:PlantMachinery2023-12-31NI054439ns5:LeaseholdImprovements2024-01-012024-12-31NI054439ns5:PlantMachinery2024-01-012024-12-31NI054439ns5:LeaseholdImprovements2024-12-31NI054439ns5:PlantMachinery2024-12-31NI054439ns5:LeaseholdImprovements2023-12-31NI054439ns5:PlantMachinery2023-12-31NI054439ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31NI054439ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31NI0544391ns10:Director12023-12-31NI0544391ns10:Director12022-12-31NI0544391ns10:Director12024-01-012024-12-31NI0544391ns10:Director12023-01-012023-12-31NI0544391ns10:Director12024-12-31NI0544391ns10:Director12023-12-31
REGISTERED NUMBER: NI054439 (Northern Ireland)













EJM MCKEOWN LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


EJM MCKEOWN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M McKeown
Mrs H McKeown



SECRETARY: Mr M McKeown



REGISTERED OFFICE: 46 Main Street
GORTIN
Co. Tyrone
BT79 8PH



REGISTERED NUMBER: NI054439 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Ulster Bank Limited
14 High Street
OMAGH
Co. Tyrone
BT78 1BJ



SOLICITORS: Brolly Jameson Solicitors
4A Market Street
OMAGH
Co. Tyrone
BT78 1EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EJM MCKEOWN LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


24 June 2025

EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 10,000
Tangible assets 5 288,407 237,115
290,907 247,115

CURRENT ASSETS
Stocks 622,284 510,539
Debtors 6 806,165 789,499
Cash at bank and in hand 283,227 269,088
1,711,676 1,569,126
CREDITORS
Amounts falling due within one year 7 620,518 538,661
NET CURRENT ASSETS 1,091,158 1,030,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,382,065

1,277,580

CREDITORS
Amounts falling due after more than one
year

8

(27,159

)

(13,607

)

PROVISIONS FOR LIABILITIES (41,625 ) (43,487 )
NET ASSETS 1,313,281 1,220,486

EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,313,181 1,220,386
SHAREHOLDERS' FUNDS 1,313,281 1,220,486

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 24 June 2025 and were signed on its behalf by:





Mr M McKeown - Director


EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

EJM McKeown Ltd 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.

The financial statements are prepared in sterling which is the functional currency of the Company.

Turnover
Turnover represents the sales invoiced excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

There has been no impairment of goodwill during the year.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for
impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property - 2% straight line
Plant & machinery - 10% straight line

Stock
Stock is valued at the lower of cost and net realisable value, after making due allowances 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.


EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 150,000
AMORTISATION
At 1 January 2024 140,000
Charge for year 7,500
At 31 December 2024 147,500
NET BOOK VALUE
At 31 December 2024 2,500
At 31 December 2023 10,000

EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant &
property machinery Totals
£    £    £   
COST
At 1 January 2024 92,133 455,538 547,671
Additions - 91,000 91,000
Disposals - (15,420 ) (15,420 )
At 31 December 2024 92,133 531,118 623,251
DEPRECIATION
At 1 January 2024 22,075 288,481 310,556
Charge for year 1,843 37,865 39,708
Eliminated on disposal - (15,420 ) (15,420 )
At 31 December 2024 23,918 310,926 334,844
NET BOOK VALUE
At 31 December 2024 68,215 220,192 288,407
At 31 December 2023 70,058 167,057 237,115

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 789,128 789,499
Other debtors 17,037 -
806,165 789,499

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,735 5,000
Trade creditors 561,274 439,515
Social security and other taxes 39,314 84,536
Sundry creditors 6,195 9,610
620,518 538,661

EJM MCKEOWN LTD (REGISTERED NUMBER: NI054439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Directors loan - 6,207
Hire purchase contracts 27,159 7,400
27,159 13,607

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan - 6,207

9. SECURED DEBTS

The overdraft facility is secured by an all monies debenture giving a fixed and floating charge over the assets of EJM McKeown Ltd and personal guarantees by the directors which are collateralised by equitable deposit of deeds over properties owned by the directors and a charge over a Life Policy in the name of Mr McKeown.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr M McKeown
Balance outstanding at start of year - -
Amounts advanced 17,037 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,037 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M McKeown.