B J Mcnamee Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04701227 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

B J MCNAMEE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I W Madden

D K Pilling

Mrs L A Madden

Mrs L M Pilling

REGISTERED OFFICE:

Unit 7

Whinfield Close

Miry Lane Industrial Estate

Wigan

Lancashire

WN6 7TL

REGISTERED NUMBER:

04701227 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

165,892

218,052

165,892

218,052

CURRENT ASSETS

Stocks

6

2,500

Debtors

7

285,739

291,306

Cash at bank

47,348

100,130

335,587

393,936

CREDITORS

Amounts falling due within one year

8

336,127

328,589

NET CURRENT (LIABILITIES)/ASSETS

(540

)

65,347

TOTAL ASSETS LESS CURRENT
LIABILITIES

165,352

283,399

CREDITORS

Amounts falling due after more than one
year

9

(134,402

)

(174,997

)

PROVISIONS FOR LIABILITIES

-

(4,852

)

NET ASSETS

30,950

103,550

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

30,948

103,548

SHAREHOLDERS' FUNDS

30,950

103,550

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

I W Madden - Director

D K Pilling - Director

1.	STATUTORY INFORMATION

B J Mcnamee Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five 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

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Plant and machinery

- 20% on reducing balance

Computer equipment

- 33% on reducing balance

Motor vehicles

- 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance 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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,500

AMORTISATION

At 1 April 2024

and 31 March 2025

50,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

12,243

302,191

28,737

343,171

DEPRECIATION

At 1 April 2024

10,747

97,021

17,351

125,119

Charge for year

300

48,103

3,757

52,160

At 31 March 2025

11,047

145,124

21,108

177,279

NET BOOK VALUE

At 31 March 2025

1,196

157,067

7,629

165,892

At 31 March 2024

1,496

205,170

11,386

218,052

6.

STOCKS

31/3/25

31/3/24

£

Stocks

2,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

101,110

109,271

Amounts owed by group undertakings

176,413

Other debtors

264

Deferred tax asset

2,813

-

Prepayments

5,139

5,358

285,739

291,306

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

10,000

Hire purchase contracts (see note 10)

30,595

Trade creditors

20,708

9,407

Tax

74,734

55,108

Social security and other taxes

8,956

7,314

VAT

63,270

80,172

Other creditors

12,180

9,290

Directors' current accounts

103,412

100,076

Accrued expenses

12,272

26,627

336,127

328,589

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/3/25

31/3/24

£

Bank loans - 1-2 years

9,167

10,000

Bank loans - 2-5 years

-

9,167

Hire purchase contracts (see note 10)

125,235

155,830

134,402

174,997

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/25

31/3/24

£

Net obligations repayable:

Within one year

30,595

Between one and five years

125,235

155,830

186,425

11.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

Hire purchase contracts

155,830

186,425