KMAC Ltd iXBRL

Company Registration Number: NI033246

KMAC Ltd

Unaudited Financial Statements

for the financial year ended 28 February 2025

KMAC Ltd

DIRECTORS AND OTHER INFORMATION


Directors	W M Robinson
	MIE Robinson


Company Secretary	Mrs MIE Robinson


Company Registration Number	NI033246


Registered Office and Business Address	233 Hillsborough Road
	LISBURN
	BT27 5RJ
	Northern Ireland


Accountants	Cooper Irvine Ltd
	Chartered Accountants
	103 Main St
	Fivemiletown
	Tyrone
	BT75 0PG
	Northern Ireland


Bankers	Danske Bank Ltd
	62 Bow Street
	Lisburn
	Co Antrim

KMAC Ltd

Company Registration Number: NI033246

STATEMENT OF FINANCIAL POSITION

as at 28 February 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

7,772,261

7,786,078

Financial assets

5,481,833

5,338,066

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Non-Current Assets

13,254,094

13,124,144

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Current Assets

Stocks

123,912

15,000

Debtors

1,163,908

958,645

Cash and cash equivalents

421,985

196,665

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1,709,805

1,170,310

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Creditors: amounts falling due within one year

(53,452)

(31,502)

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Net Current Assets

1,656,353

1,138,808

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Total Assets less Current Liabilities

14,910,447

14,262,952

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Capital and Reserves

Called up share capital

2,000,000

2,000,000

Share premium account

4,185,798

4,185,798

Revaluation reserve

1,092,724

1,092,724

Retained earnings

7,631,925

6,984,430

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Equity attributable to owners of the company

14,910,447

14,262,952

═════════

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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 23 October 2025 and signed on its behalf by

________________________________

W M Robinson

Director

________________________________

MIE Robinson

Director

KMAC Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 28 February 2025

General Information

KMAC Ltd is a company limited by shares incorporated in Northern Ireland. 233 Hillsborough Road, LISBURN, BT27 5RJ, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 28 February 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold

2% straight line

Plant and machinery

10% straight line

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 4, (2024 - 4).


4.	Property, plant and equipment
		Land and	Plant and	Fixtures,	Motor	Total
		buildings	machinery	fittings and	vehicles
		freehold		equipment
		£	£	£	£	£
	Cost or Valuation
	At 1 March 2024	8,316,118	1,247,762	89,421	21,900	9,675,201
	Additions	-	28,345	629	-	28,974
	Disposals	-	(22,908)	-	-	(22,908)
		─────────	─────────	─────────	─────────	─────────
	At 28 February 2025	8,316,118	1,253,199	90,050	21,900	9,681,267
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 March 2024	535,210	1,242,592	89,421	21,900	1,889,123
	Charge for the financial year	30,102	12,532	157	-	42,791
	On disposals	-	(22,908)	-	-	(22,908)
		─────────	─────────	─────────	─────────	─────────
	At 28 February 2025	565,312	1,232,216	89,578	21,900	1,909,006
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 28 February 2025	7,750,806	20,983	472	-	7,772,261
		═════════	═════════	═════════	═════════	═════════
	At 29 February 2024	7,780,908	5,170	-	-	7,786,078
		═════════	═════════	═════════	═════════	═════════

	The Directors are satisfied that the freehold property is not overstated at 28th February 2020. No formal valuations have been obtained by the Directors from independent professional valuers.

Financial fixed assets

Other

Total

investments

Investments

Cost or Valuation

At 1 March 2024

5,320,804

Additions

8,280,719

Disposals

(8,139,983)

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At 28 February 2025

5,461,540

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Provision for

diminution in value:

At 1 March 2024

(17,262)

Charge

(3,031)

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At 28 February 2025

(20,293)

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Net book value

At 28 February 2025

5,481,833

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At 29 February 2024

5,338,066

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The market value of the listed investments at 28th February 2017 was £12,541,295.


6.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	123,912	15,000
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Debtors	2025	2024
		£	£

	Trade debtors	47,731	62,000
	Other debtors	1,108,118	891,644
	Taxation	8,059	5,001
		─────────	─────────
		1,163,908	958,645
		═════════	═════════

Creditors

2025

2024

Amounts falling due within one year

Bank overdrafts

1,123

1,130

Trade creditors

27,923

Taxation

8,916

2,831

Directors' current accounts

13,940

14,491

Accruals

1,550

13,050

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53,452

31,502

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Mortgage over Prospect Hall, 5 Colane Road, Lurgan, Armagh. Folios 1122 &1123 Antrim DN 184771 and Folio 33884 Co Down

Undertaking from Thomas Elliott & Son, over The Cairn, 14 Brankinson Road, Aghalee

Undertaking from Thomas Elliott & Son over 5 Colane Road, Land Certificate Folios numbers 169709, AN6406, AN169703 and AN183954.

Reserves

Share Premium Reserve

The amount carried forward is the premium that arose from the issue of shares in 2010.