Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-01false...55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false NI044984 2024-01-01 2024-12-31 NI044984 2023-01-01 2023-12-31 NI044984 2024-12-31 NI044984 2023-12-31 NI044984 c:Director1 2024-01-01 2024-12-31 NI044984 d:PlantMachinery 2024-01-01 2024-12-31 NI044984 d:PlantMachinery 2024-12-31 NI044984 d:PlantMachinery 2023-12-31 NI044984 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI044984 d:MotorVehicles 2024-01-01 2024-12-31 NI044984 d:MotorVehicles 2024-12-31 NI044984 d:MotorVehicles 2023-12-31 NI044984 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI044984 d:OfficeEquipment 2024-01-01 2024-12-31 NI044984 d:OfficeEquipment 2024-12-31 NI044984 d:OfficeEquipment 2023-12-31 NI044984 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI044984 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI044984 d:Goodwill 2024-01-01 2024-12-31 NI044984 d:Goodwill 2024-12-31 NI044984 d:Goodwill 2023-12-31 NI044984 d:CurrentFinancialInstruments 2024-12-31 NI044984 d:CurrentFinancialInstruments 2023-12-31 NI044984 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI044984 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI044984 d:ShareCapital 2024-12-31 NI044984 d:ShareCapital 2023-12-31 NI044984 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI044984 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI044984 c:FRS102 2024-01-01 2024-12-31 NI044984 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI044984 c:FullAccounts 2024-01-01 2024-12-31 NI044984 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI044984 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: NI044984










McN Automation Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
McN Automation Ltd
Registered number: NI044984

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
89,251
28,564

  
89,251
28,564

Current assets
  

Stocks
  
50,000
100,000

Debtors: amounts falling due within one year
 6 
281,749
369,041

Cash at bank and in hand
 7 
543,861
404,224

  
875,610
873,265

Creditors: amounts falling due within one year
 8 
(68,550)
(91,682)

Net current assets
  
 
 
807,060
 
 
781,583

Total assets less current liabilities
  
896,311
810,147

Provisions for liabilities
  

Deferred tax
  
(22,313)
(7,141)

  
 
 
(22,313)
 
 
(7,141)

Net assets
  
873,998
803,006


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
873,798
802,806

Total equity
  
873,998
803,006

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McN Automation Ltd
Registered number: NI044984

Balance Sheet (continued)
As at 31 December 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 25 July 2025.




R W McNaugher
Director

The notes on pages 3 to 8 form part of these financial statements.
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Page 2

 
McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

McN Automation Ltd is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. 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. Rounding (nearest £) has been applied to the accounts.

2.Accounting policies

 
2.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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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McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.5

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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Page 4

 
McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straightline basis.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
straightline
Motor vehicles
-
20%
straightline
Office equipment
-
10%
straightline

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.

  
2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

  
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevent risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

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Page 5

 
McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
420,000



At 31 December 2024

420,000



Amortisation


At 1 January 2024
420,000



At 31 December 2024

420,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



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Page 6

 
McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
117,224
81,835
2,500
201,559


Additions
-
71,000
-
71,000



At 31 December 2024

117,224
152,835
2,500
272,559



Depreciation


At 1 January 2024
99,724
71,297
1,975
172,996


Charge for the year on owned assets
2,500
7,562
250
10,312



At 31 December 2024

102,224
78,859
2,225
183,308



Net book value



At 31 December 2024
15,000
73,976
275
89,251



At 31 December 2023
17,500
10,539
525
28,564

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Page 7

 
McN Automation Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

6.


Debtors: amounts falling due within one year

2024
2023
£
£


Trade debtors
207,698
132,482

Other debtors
55,625
236,559

Prepayments and accrued income
18,426
-

281,749
369,041



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
543,861
404,224



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
22,561
17,567

Corporation tax
34,008
47,507

Other taxation and social security
5,236
18,852

Other creditors
-
1,606

Accruals and deferred income
6,745
6,150

68,550
91,682



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