MJ Kilcoyne Ltd 11601644 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is that of dentistry Digita Accounts Production Advanced 6.30.9574.0 true 11601644 2024-11-01 2025-10-31 11601644 2025-10-31 11601644 bus:Director1 1 2025-10-31 11601644 core:RetainedEarningsAccumulatedLosses 2025-10-31 11601644 core:ShareCapital 2025-10-31 11601644 core:CurrentFinancialInstruments 2025-10-31 11601644 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 11601644 core:Non-currentFinancialInstruments 2025-10-31 11601644 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 11601644 core:MoreThanFiveYears 1 2025-10-31 11601644 core:FurnitureFittingsToolsEquipment 2025-10-31 11601644 core:LandBuildings 2025-10-31 11601644 bus:SmallEntities 2024-11-01 2025-10-31 11601644 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 11601644 bus:FilletedAccounts 2024-11-01 2025-10-31 11601644 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 11601644 bus:RegisteredOffice 2024-11-01 2025-10-31 11601644 bus:Director1 2024-11-01 2025-10-31 11601644 bus:Director1 1 2024-11-01 2025-10-31 11601644 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 11601644 bus:Agent1 2024-11-01 2025-10-31 11601644 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 11601644 core:Land 2024-11-01 2025-10-31 11601644 core:LandBuildings 2024-11-01 2025-10-31 11601644 countries:EnglandWales 2024-11-01 2025-10-31 11601644 2024-10-31 11601644 bus:Director1 1 2024-10-31 11601644 core:FurnitureFittingsToolsEquipment 2024-10-31 11601644 core:LandBuildings 2024-10-31 11601644 2023-11-01 2024-10-31 11601644 2024-10-31 11601644 core:RetainedEarningsAccumulatedLosses 2024-10-31 11601644 core:ShareCapital 2024-10-31 11601644 core:CurrentFinancialInstruments 2024-10-31 11601644 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11601644 core:Non-currentFinancialInstruments 2024-10-31 11601644 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11601644 core:MoreThanFiveYears 1 2024-10-31 11601644 core:FurnitureFittingsToolsEquipment 2024-10-31 11601644 core:LandBuildings 2024-10-31 iso4217:GBP xbrli:pure

Registration number: 11601644

MJ Kilcoyne Ltd
Unaudited Financial Statements
31 October 2025

MJ Kilcoyne Ltd

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 4

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MJ Kilcoyne Ltd
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MJ Kilcoyne Ltd for the year ended 31 October 2025 as set out on pages 2 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of MJ Kilcoyne Ltd, as a body, in accordance with the terms of our engagement letter dated 24 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of MJ Kilcoyne Ltd and state those matters that we have agreed to state to the Board of Directors of MJ Kilcoyne Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MJ Kilcoyne Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MJ Kilcoyne Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MJ Kilcoyne Ltd. You consider that MJ Kilcoyne 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 accounts of MJ Kilcoyne 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 accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

12 March 2026

MJ Kilcoyne Ltd

(Registration number: 11601644)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 337,182 | 344,533
Current assets |  |  |
Stocks |  | 7,500 | -
Debtors | 5 | 69,473 | 44,879
Cash at bank and in hand |  | 827,780 | 136,303
|  | 904,753 | 181,182
Creditors: Amounts falling due within one year | 6 | (382,294) | (51,682)
Net current assets |  | 522,459 | 129,500
Total assets less current liabilities |  | 859,641 | 474,033
Creditors: Amounts falling due after more than one year | 6 | (303,008) | (331,089)
Provisions for liabilities |  | (84,296) | (86,133)
Net assets |  | 472,337 | 56,811
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 100 | 100
Profit and loss account |  | 472,237 | 56,711
Total equity |  | 472,337 | 56,811

MJ Kilcoyne Ltd

(Registration number: 11601644)
Balance Sheet as at 31 October 2025 (continued)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2026

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

M J Kilcoyne

Director

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clint Mill
Cornmarket
PENRITH
CA11 7HW

The principal place of business is:
4 Dovestone Drive
POULTON-LE-FYLDE
FY6 7FT

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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 10% reducing balance basis
Furniture, fittings and office equipment | 20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 3).

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and office equipment £ | Total £
Cost or valuation
At 1 November 2024 | 72,438 | 333,780 | 406,218
Additions | - | 76,869 | 76,869
At 31 October 2025 | 72,438 | 410,649 | 483,087
Depreciation
At 1 November 2024 | (7,244) | 68,929 | 61,685
Charge for the year | 21,007 | 63,213 | 84,220
At 31 October 2025 | 13,763 | 132,142 | 145,905
Carrying amount
At 31 October 2025 | 58,675 | 278,507 | 337,182
At 31 October 2024 | 79,682 | 264,851 | 344,533

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 69,473 | 44,879
| 69,473 | 44,879

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 37,550 | 47,123
Trade creditors |  | 25,450 | -
Taxation and social security |  | 6,797 | 2,223
Corporation tax liability |  | 171,681 | -
Other creditors |  | 140,816 | 2,336
|  | 382,294 | 51,682
Due after one year |  |  |
Loans and borrowings | 7 | 303,008 | 331,089

| 2025 £ | 2024 £
After more than five years by instalments | 181,262 | 201,129
| 181,262 | 201,129

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 12,195 | 19,867
Finance lease liabilities | 25,355 | 25,355
Other borrowings | - | 1,901
| 37,550 | 47,123

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Finance lease liabilities | 25,355 | 25,355

Finance lease liabilities are secured on the assets to which they relate.

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 226,338 | 230,731
Finance lease liabilities | 76,670 | 100,358
| 303,008 | 331,089

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Finance lease liabilities | 76,670 | 100,358

Finance lease liabilities are secured on the assets to which they relate.

MJ Kilcoyne Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

8 | Related party transactions

Transactions with the director

2025 | At 1 November 2024 £ | Advances £ | Repayments £ | Other payments £ | Dividends credited £ | Interest £ | At 31 October 2025 £
M J Kilcoyne
Loan | - | 57,328 | (663) | - | - | 1,504 | 58,169

Directors' advances are repayable on demand.
Interest has been charged at a rate of 2.25% and 3.75% on advances to directors.

9 | Transition to FRS 102

For the year ended 31 October 2025 company the company has transitioned from preparation of accounts in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' to FRS 102, involving a full retrospective restatement of assets and liabilities from the transition date, 1 November 2023. The only transition adjustment being the inclusion of a deferred tax liability, as follows:

Balance Sheet at 31 October 2024

| As originally reported £ | Reclassification £ | Remeasurement £ | As restated £
Provisions for liabilities | - | - | (86,133) | (86,133)
Capital and reserves |  |  |  |
Profit and loss account | 142,844 | - | (86,133) | 56,711