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Company Registration No. NI063796 (Northern Ireland)
McAtee Bros Ltd Unaudited accounts for the year ended 31 March 2025
McAtee Bros Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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McAtee Bros Ltd Company Information for the year ended 31 March 2025
Director
Patrick McAtee
Secretary
Vincent McAtee
Company Number
NI063796 (Northern Ireland)
Registered Office
1 Church Street Fintona Tyrone BT78 2BR Northern Ireland
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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McAtee Bros Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
84,650
113,100
Current assets
Debtors
6
15,944
8,110
Cash at bank and in hand
138,733
119,998
154,677
128,108
Creditors: amounts falling due within one year
7
(180,774)
(168,695)
Net current liabilities
(26,097)
(40,587)
Total assets less current liabilities
58,553
72,513
Creditors: amounts falling due after more than one year
8
(35,939)
(47,122)
Net assets
22,614
25,391
Capital and reserves
Called up share capital
2
2
Profit and loss account
22,612
25,389
Shareholders' funds
22,614
25,391
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Patrick McAtee Director Company Registration No. NI063796
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McAtee Bros Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
McAtee Bros Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063796. The registered office is 1 Church Street, Fintona, Tyrone, BT78 2BR, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
52,500
At 31 March 2025
52,500
Amortisation
At 1 April 2024
52,500
At 31 March 2025
52,500
Net book value
At 31 March 2025
-
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McAtee Bros Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
20,497
106,774
111,245
238,516
Additions
-
9,646
-
9,646
At 31 March 2025
20,497
116,420
111,245
248,162
Depreciation
At 1 April 2024
-
84,910
40,506
125,416
Charge for the year
-
20,411
17,685
38,096
At 31 March 2025
-
105,321
58,191
163,512
Net book value
At 31 March 2025
20,497
11,099
53,054
84,650
At 31 March 2024
20,497
21,864
70,739
113,100
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,238
8,110
Amounts falling due after more than one year
Other debtors
9,706
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
10,515
2,033
Other creditors
145,776
132,190
Loans from directors
-
20,914
Accruals
24,483
13,558
180,774
168,695
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
15,939
19,122
Obligations under finance leases and hire purchase contracts
20,000
28,000
35,939
47,122
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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