Byrne McCann & Co. Ltd. Accounts






	Byrne McCann & Co. Ltd.

	Company No. NI058439
	Unaudited Accounts
	31 March 2025

at	31 March 2025
Company No.		NI058439	2025	2024
			£	£



Fixed assets			175,000	175,000

Current assets			160,713	224,080
Prepayments and accrued income			1,002	2,000
Creditors: Amounts falling due within one year			(72,183)	(121,268)
Net current assets			89,532	104,812
Total assets less current liabilities			264,532	279,812


Accruals and deferred income			(7,533)	(6,388)
			256,999	273,424


Capital and reserves			256,999	273,424

NOTES TO THE ACCOUNTS

Basis of preparation

These accounts have been prepared in accordance with the micro-entity provisions of the small companies regime.

2	Employees
		2025	2024
		Number	Number
	The average monthly number of employees (including directors) during the year was:	10	12

Off balance sheet arrangements

General information

Byrne McCann & Co. Ltd. is a private company limited by shares and incorporated in Northern Ireland.

Its registered number is:

NI058439

Its registered office is:

67 Edward Street

Lurgan

For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

POST BALANCE SHEET EVENTS 1. CHANGE OF OWNERSHIP Per a share purchase agreement dated the 27th March 2025 it was agreed that John Byrne would purchase Raymond McCann's shareholding in the company for £120,000. The net equity of the firm after adjusting for goodwill is £81,999; £41,819 of this equity is attributable to Raymond McCann of which £15,310 has already been paid. 2. DEBENTURE The company are the anchor tenant of an individual who purchased the property at 67 Edward Street (the trading premises) at a price greater than market value and funded same with a loan from Lurgan Credit Union Ltd: who sought additional security in the form of a debenture dated 9th April 2025. There are no borrowings by the company from Lurgan Credit Union. 3. CAPITAL DISTRIBUTION At the company AGM held on 8th November 2025 it was agreed; as at 1st April 2025 the profit & loss reserves were to be debited by an amount of £41,819 being the balance due to Mr McCann on capital distribution on his resignation at 31st March 2025 and on completion of the share purchase agreement at 04.11.2025. At the AGM is was agreed that as and from 1st April the goodwill be uplifted to reflect the aforementioned to £235,294 via the profit & loss reserve account.

The accounts were approved by the board of directors on 08 November 2025 and signed on its behalf by:

J.F.P. Byrne - Director