Mackin Concrete & Building Supplies Ltd NI660333 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is the manufacture and sale of concrete products and building supplies. Digita Accounts Production Advanced 6.30.9574.0 true NI660333 2024-07-01 2025-06-30 NI660333 2025-06-30 NI660333 bus:OrdinaryShareClass1 2025-06-30 NI660333 core:CurrentFinancialInstruments 2025-06-30 NI660333 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 NI660333 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 NI660333 core:FurnitureFittings 2025-06-30 NI660333 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-30 NI660333 core:MotorVehicles 2025-06-30 NI660333 core:PlantMachinery 2025-06-30 NI660333 bus:SmallEntities 2024-07-01 2025-06-30 NI660333 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 NI660333 bus:FilletedAccounts 2024-07-01 2025-06-30 NI660333 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 NI660333 bus:RegisteredOffice 2024-07-01 2025-06-30 NI660333 bus:Director1 2024-07-01 2025-06-30 NI660333 bus:Director2 2024-07-01 2025-06-30 NI660333 bus:Director3 2024-07-01 2025-06-30 NI660333 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 NI660333 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 NI660333 bus:Agent1 2024-07-01 2025-06-30 NI660333 core:Goodwill 2024-07-01 2025-06-30 NI660333 core:Buildings 2024-07-01 2025-06-30 NI660333 core:FurnitureFittings 2024-07-01 2025-06-30 NI660333 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 NI660333 core:MotorVehicles 2024-07-01 2025-06-30 NI660333 core:OfficeEquipment 2024-07-01 2025-06-30 NI660333 core:PlantMachinery 2024-07-01 2025-06-30 NI660333 countries:NorthernIreland 2024-07-01 2025-06-30 NI660333 2024-06-30 NI660333 core:FurnitureFittings 2024-06-30 NI660333 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 NI660333 core:MotorVehicles 2024-06-30 NI660333 core:PlantMachinery 2024-06-30 NI660333 2023-07-01 2024-06-30 NI660333 2024-06-30 NI660333 bus:OrdinaryShareClass1 2024-06-30 NI660333 core:CurrentFinancialInstruments 2024-06-30 NI660333 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI660333 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 NI660333 core:FurnitureFittings 2024-06-30 NI660333 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 NI660333 core:MotorVehicles 2024-06-30 NI660333 core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI660333

Mackin Concrete & Building Supplies Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

Mackin Concrete & Building Supplies Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

Mackin Concrete & Building Supplies Ltd

Company Information

Directors | Harry Mackin Mrs Lisa Doran Hugh Mackin

Registered office | 27 Hilltown Road Newry Co Down BT34 2LJ

Accountants | Kennedy & Co Chartered Certified Accountants21 Kilmorey Street Newry Co Down BT34 2DF

Mackin Concrete & Building Supplies Ltd

(Registration number: NI660333)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 600
Tangible assets | 5 | 648,807 | 450,479
|  | 648,807 | 451,079
Current assets |  |  |
Stocks |  | 120,000 | 175,000
Debtors |  | 347,649 | 317,656
Cash at bank and in hand |  | 501,253 | 614,872
|  | 968,902 | 1,107,528
Prepayments and accrued income |  | 30,000 | -
Creditors: Amounts falling due within one year |  | (539,214) | (634,808)
Net current assets |  | 459,688 | 472,720
Total assets less current liabilities |  | 1,108,495 | 923,799
Creditors: Amounts falling due after more than one year |  | - | (10,150)
Provisions for liabilities |  | (91,921) | (97,837)
Accruals and deferred income |  | (15,596) | (12,319)
Net assets |  | 1,000,978 | 803,493
Capital and reserves |  |  |
Called up share capital | 6 | 1,000 | 1,000
Retained earnings |  | 999,978 | 802,493
Shareholders' funds |  | 1,000,978 | 803,493

Mackin Concrete & Building Supplies Ltd

(Registration number: NI660333)
Abridged Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved and authorised by the Board on 25 March 2026 and signed on its behalf by:

...................................................

Harry Mackin
Director

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
27 Hilltown Road
Newry
Co Down
BT34 2LJ

These financial statements were authorised for issue by the Board on 25 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the functional currency of the company.
All members have consented to the abridgement of these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of concrete and building supplies is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Foreign currency transactions and balances

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class | Depreciation method and rate
Plant, machinery and equipment | 15% Reducing Balance
Car wash | 15% Reducing Balance
Fixtures and fittings | 15% Reducing Balance
Motor vehicles | 20% Reducing balance
Buildings | 2% Straight Line

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 5 years. Provision is made for any impairment.

Amortisation

Intangible assets are amortised on a straight line basis over their useful lives. The useful lives of intangible assets are as follows:

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Asset class | Amortisation method and rate
Goodwill | 5 Years

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stocks

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Trade creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.
Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 11).

4 | Intangible assets

| Total £
Cost or valuation
At 1 July 2024 | 12,000
At 30 June 2025 | 12,000
Amortisation
At 1 July 2024 | 11,400
Amortisation charge | 600
At 30 June 2025 | 12,000
Carrying amount
At 30 June 2025 | -
At 30 June 2024 | 600

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant, machinery and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 61,057 | 32,127 | 444,875 | 155,035 | 693,094
Additions | 224,938 | 1,825 | 14,490 | 36,500 | 277,753
At 30 June 2025 | 285,995 | 33,952 | 459,365 | 191,535 | 970,847
Depreciation
At 1 July 2024 | 1,221 | 8,748 | 184,820 | 47,826 | 242,615
Charge for the year | 5,720 | 3,781 | 41,182 | 28,742 | 79,425
At 30 June 2025 | 6,941 | 12,529 | 226,002 | 76,568 | 322,040
Carrying amount
At 30 June 2025 | 279,054 | 21,423 | 233,363 | 114,967 | 648,807
At 30 June 2024 | 59,836 | 23,379 | 260,055 | 107,209 | 450,479

Mackin Concrete & Building Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Share Capital of £1 each | 1,000 | 1,000 | 1,000 | 1,000