P Kane Metals Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: NI068267

		30 November 2025		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		40,960

			-		40,960
CURRENT ASSETS
Stocks		-		326,218
Debtors		-		552,800
Cash at bank and in hand		2,140,281		796,523

		2,140,281		1,675,541
Creditors: Amounts Falling Due Within One Year		(227,252 )		(295,322 )

NET CURRENT ASSETS (LIABILITIES)			1,913,029		1,380,219

TOTAL ASSETS LESS CURRENT LIABILITIES			1,913,029		1,421,179

NET ASSETS			1,913,029		1,421,179

CAPITAL AND RESERVES
Called up share capital	5		100		100
Capital redemption reserve			50		50
Profit and Loss Account			1,912,879		1,421,029

SHAREHOLDERS' FUNDS			1,913,029		1,421,179

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P Kane Metals Ltd

Abridged Balance Sheet (continued)

As At 30 November 2025

For the period ending 30 November 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mrs Jacqueline Grogan Director	Mr Anthony Kane Director	Mr Gavin Kane Director
Mrs Sharon O'Neill Director
6 January 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

P Kane Metals Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI068267 . The registered office is 9-43 Shiels Street, Belfast, BT12 7LQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These financial statements have been prepared on a break-up basis following the decision to liquidate the company after the balance sheet date. As a result, assets have been stated at their estimated realisable values and liabilities at their expected settlement amounts. The directors consider that the break-up basis is appropriate due to the planned cessation of trading and the commencement of liquidation proceedings in the new year.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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P Kane Metals Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2025 to 30 November 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the period. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the period is recognised in profit or loss, except when they are related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 7 (2025: 8)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	148,628
Disposals	(148,628 )

As at 30 November 2025	-

Depreciation
As at 1 April 2025	107,668
Disposals	(107,668 )

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	-

As at 1 April 2025	40,960

5. Share Capital

	30 November 2025	31 March 2025
	£	£
Allotted, Called up and fully paid	100	100

6. Post Balance Sheet Events

Subsequent to the balance sheet date, the directors resolved to liquidate the company and sell its trade. The sale of the company’s trade was completed on 30 September 2025, with the principal assets and operations transferred to the new purchaser. The company will cease trading and enter formal liquidation on 06 January 2026. The directors are in the process of settling outstanding liabilities and distributing any remaining assets to shareholders.

7. Discontinued Operations

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P Kane Metals Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 1 April 2025 to 30 November 2025

On 30 September 2025, the company disposed of its trade and ceased trading activities. The results of the discontinued operations for the period are as follows:

Turnover: £2,024,627

Operating profit: £521,876

Profit after tax: £491,850

All assets and liabilities relating to the discontinued operations have been recognised at their estimated realisable or settlement values.

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