REGISTERED NUMBER: 05331653 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MCJ Casings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

M Tierney

J Tierney

Secretary:

M Tierney

Registered office:

159 Triumph Way

Triumph Trading Park

Liverpool

L24 9GQ

Registered number:

05331653 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

1,895,649

1,968,660

1,895,649

1,968,660

Current assets

Stocks

2,875,535

1,911,168

Debtors

6

1,138,151

1,192,527

Cash at bank and in hand

565,615

431,038

4,579,301

3,534,733

Creditors

Amounts falling due within one year

7

1,162,506

993,371

Net current assets

3,416,795

2,541,362

Total assets less current liabilities

5,312,444

4,510,022

Creditors

Amounts falling due after more than one year

8

(491,530

)

(594,222

)

Provisions for liabilities

10

(146,620

)

(154,995

)

Net assets

4,674,294

3,760,805

Capital and reserves

Called up share capital

80

80

Capital redemption reserve

20

20

Retained earnings

4,674,194

3,760,705

4,674,294

3,760,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:

M Tierney - Director

J Tierney - Director

1.	Statutory information

MCJ Casings Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful life of 4 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

10% or 20% on cost

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% on cost

No depreciation is charged on freehold land.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

3.	Employees and directors

The average number of employees during the year was 29 (2024 - 32 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

196,500

Amortisation

At 1 April 2024

and 31 March 2025

196,500

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	Tangible fixed assets

Fixtures,

Freehold

Plant and

fittings

Motor

property

machinery

& equipment

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

1,454,510

905,429

133,167

535,978

3,029,084

Additions

-

5,235

-

144,687

149,922

Disposals

-

-

-

(188,403

)

(188,403

)

At 31 March 2025

1,454,510

910,664

133,167

492,262

2,990,603

Depreciation

At 1 April 2024

294,707

396,534

122,185

246,998

1,060,424

Charge for year

26,590

82,072

4,649

79,924

193,235

Eliminated on disposal

-

-

-

(158,705

)

(158,705

)

At 31 March 2025

321,297

478,606

126,834

168,217

1,094,954

Net book value

At 31 March 2025

1,133,213

432,058

6,333

324,045

1,895,649

At 31 March 2024

1,159,803

508,895

10,982

288,980

1,968,660

6.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

564,490

693,385

Other debtors

573,661

499,142

1,138,151

1,192,527

7.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

45,000

50,000

Hire purchase contracts

67,194

94,610

Trade creditors

614,050

192,714

Taxation and social security

290,749

448,808

Other creditors

145,513

207,239

1,162,506

993,371

8.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

395,637

431,135

Hire purchase contracts

95,893

163,087

491,530

594,222

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

225,637

262,905

9.	Secured debts

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Bank loans

440,637

481,135

Hire purchase contracts

163,087

257,697

603,724

738,832

Bank loans are secured by way of debenture and charge over the company's freehold property.

Hire purchase contracts are secured on the underlying assets.

10.	Provisions for liabilities

31/3/25

31/3/24

£

£

Deferred tax

Accelerated capital allowances

146,620

154,995

Deferred

tax

£

Balance at 1 April 2024

154,995

Credit to Statement of Income and Retained Earnings during year

(8,375

)

Balance at 31 March 2025

146,620

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

M Tierney and J Tierney

Balance outstanding at start of year

-

196,617

Amounts advanced

-

206,446

Amounts repaid

-

(403,063

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Advances to directors are interest free, unsecured and repayable on demand.

12.	Related party disclosures

During the year the directors made loans to the company. At 31 March 2025 the balance due to the directors was £81,655 (2024: £99,981). Loans from directors are interest free, unsecured and repayable on demand.

13.	Operating lease commitments

At 31 March 2025 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £158,343 (2024: £228,717). The amount payable within one year in respect of these leases was £70,374 (2024: £70,374).