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Company registration number: NI615187
Mac Electrics Ltd
Unaudited filleted financial statements
30 April 2025
Mac Electrics Ltd
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Mac Electrics Ltd
Directors and other information

| Director | Philip Mc Birney
| Company number | NI615187
| Registered office | 2 Edenaveys Industrial Estate
|  | Armagh
|  | Northern Ireland
|  | BT60 1NF
| Business address | 2 Edenaveys Industrial Estate
|  | Armagh
|  | Northern Ireland
|  | BT60 1NF
| Accountants | Jones Peters
|  | Hughes House
|  | 6 Church Street
|  | Banbridge
|  | Co Down
|  | BT32 4AA

| Bankers | Bank of Ireland
|  | 12 Trevor Hill
|  | Newry
|  | BT34 1DT

Mac Electrics Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of Mac Electrics Ltd
Year ended 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mac Electrics Ltd for the year ended 30 April 2025 which comprise the Balance Sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Mac Electrics Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mac Electrics Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mac Electrics Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Mac Electrics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mac Electrics Ltd. You consider that Mac Electrics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Mac Electrics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jones Peters
Chartered Accountants
Hughes House
6 Church Street
Banbridge
Co Down
BT32 4AA
11 February 2026
Mac Electrics Ltd
Balance sheet
30 April 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  |  | - |  |  |  | - |  |
Tangible assets |  | 5 | 83,184 |  |  |  | 128,409 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 83,184 |  |  |  | 128,409
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 226,650 |  |  |  | 202,194 |  |
Debtors |  | 6 | 205,029 |  |  |  | 185,706 |  |
Cash at bank and in hand |  |  | 211,384 |  |  |  | 211,363 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 643,063 |  |  |  | 599,263 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 384,353) |  |  |  | ( 366,996) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 258,710 |  |  |  | 232,267
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 341,894 |  |  |  | 360,676
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | ( 37,358) |  |  |  | ( 67,686)
Provisions for liabilities |  |  |  |  | ( 7,215) |  |  |  | ( 7,215)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 297,321 |  |  |  | 285,775
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 20 |  |  |  | 20
Profit and loss account |  |  |  |  | 297,301 |  |  |  | 285,755
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 297,321 |  |  |  | 285,775
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 February 2026 , and are signed on behalf of the board by:
Philip Mc Birney
Director
Company registration number: NI615187
Mac Electrics Ltd
Notes to the financial statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 2 Edenaveys Industrial Estate, Armagh, Northern Ireland, BT60 1NF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
General information and basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25 % | straight line
| Fittings fixtures and equipment | - | 15 % | straight line
| Motor vehicles | - | 25 % | straight line
| Computer equipment | - | 15 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date by the directors, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2024: 20 ).
5. Tangible assets

|  | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Computer equipment | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1 May 2024 | 86,052 | 70,098 | 110,914 | 102,628 | 369,692 |  |
| Additions | - | 3,460 | - | 2,451 | 5,911 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 30 April 2025 | 86,052 | 73,558 | 110,914 | 105,079 | 375,603 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 1 May 2024 | 66,123 | 33,357 | 94,408 | 47,395 | 241,283 |  |
| Charge for the year | 19,204 | 8,153 | 10,652 | 13,127 | 51,136 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 30 April 2025 | 85,327 | 41,510 | 105,060 | 60,522 | 292,419 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 April 2025 | 725 | 32,048 | 5,854 | 44,557 | 83,184 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 30 April 2024 | 19,929 | 36,741 | 16,506 | 55,233 | 128,409 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 87,058 | 64,720
| Amounts owed by connected companies |  | 822 | -
| Prepayments and accrued income |  | 21,317 | 27,537
| Other debtors |  | 95,832 | 93,449
|  |  | _______ | _______
|  |  | 205,029 | 185,706
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 97,733 | 57,561
| Trade creditors |  | 96,126 | 222,292
| Amounts owed to connected companies |  | 140,903 | 12,999
| Accruals and deferred income |  | 15,759 | 23,558
| Corporation tax |  | (-) | 9,998
| Social security and other taxes |  | 17,610 | 23,685
| Obligations under finance leases |  | 1,175 | 8,048
| Other creditors |  | 15,047 | 8,855
|  |  | _______ | _______
|  |  | 384,353 | 366,996
|  |  | _______ | _______

8. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 1,553 | 11,738
| Obligations under finance leases |  | - | 1,175
| Other creditors |  | 35,805 | 54,773
|  |  | _______ | _______
|  |  | 37,358 | 67,686
|  |  | _______ | _______

9. Financial instruments
All financial instruments have been recorded at transaction price. There are no other financial instruments other than debtors and creditors.
10. Controlling party
By virtue of his shareholdings in the company, Philip McBirney is deemed to be the ultimate controlling party.