COMPANY REGISTRATION NUMBER:
NI036874
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Eamon Mclaughlin Car Transport Ltd |
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Filleted Unaudited Financial Statements |
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Eamon Mclaughlin Car Transport Ltd |
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Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Eamon Mclaughlin Car Transport Ltd |
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Year ended 30 September 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 Eamon Mclaughlin Car Transport Ltd for the year ended 30 September 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Eamon Mclaughlin Car Transport Ltd in accordance with the terms of our engagement letter dated 9 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Eamon Mclaughlin Car Transport Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eamon Mclaughlin Car Transport Ltd and its director for our work or for this report.
It is your duty to ensure that Eamon Mclaughlin Car Transport 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 Eamon Mclaughlin Car Transport Ltd. You consider that Eamon Mclaughlin Car Transport 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 Eamon Mclaughlin Car Transport 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.
PATRICK DURKAN & CO
Chartered Certified Accountants
Office 8 Springrowth House
Balliniska Road
Derry
BT48 0GG
6 May 2026
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Eamon Mclaughlin Car Transport Ltd |
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Statement of Financial Position |
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30 September 2025
Fixed assets
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Tangible assets |
5 |
384,737 |
252,377 |
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Current assets
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Debtors |
6 |
195,910 |
196,015 |
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Cash at bank and in hand |
479,793 |
540,608 |
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--------- |
--------- |
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675,703 |
736,623 |
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Creditors: amounts falling due within one year |
7 |
555,315 |
467,581 |
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--------- |
--------- |
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Net current assets |
120,388 |
269,042 |
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--------- |
--------- |
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Total assets less current liabilities |
505,125 |
521,419 |
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--------- |
--------- |
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Net assets |
505,125 |
521,419 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
2 |
2 |
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Profit and loss account |
505,123 |
521,417 |
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--------- |
--------- |
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Shareholders funds |
505,125 |
521,419 |
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--------- |
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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 statement of income and retained earnings has not been delivered.
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Eamon Mclaughlin Car Transport Ltd |
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Statement of Financial Position (continued) |
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30 September 2025
These financial statements were approved by the
board of directors
and authorised for issue on
6 May 2026
, and are signed on behalf of the board by:
Company registration number:
NI036874
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Eamon Mclaughlin Car Transport Ltd |
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Notes to the Financial Statements |
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Year ended 30 September 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 141 Clooney Road, Eglinton, Co L'derry, BT47 3DX, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
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.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
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Long Leasehold Property |
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5% straight line |
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Short Leasehold Property |
- |
10% straight line |
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Plant & Machinery |
- |
25% straight line |
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Lorries & Trailers |
- |
25% straight line |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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 as a finance cost 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
10
(2024:
7
).
5.
Tangible assets
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Land and buildings |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2024 |
253,697 |
26,419 |
382,131 |
662,247 |
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Additions |
40,433 |
7,282 |
100,100 |
147,815 |
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--------- |
-------- |
--------- |
--------- |
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At 30 September 2025 |
294,130 |
33,701 |
482,231 |
810,062 |
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--------- |
-------- |
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Depreciation |
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At 1 October 2024 |
52,080 |
25,841 |
331,949 |
409,870 |
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Charge for the year |
9,543 |
2,018 |
3,894 |
15,455 |
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--------- |
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--------- |
--------- |
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At 30 September 2025 |
61,623 |
27,859 |
335,843 |
425,325 |
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Carrying amount |
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At 30 September 2025 |
232,507 |
5,842 |
146,388 |
384,737 |
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At 30 September 2024 |
201,617 |
578 |
50,182 |
252,377 |
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-------- |
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--------- |
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6.
Debtors
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
107,718 |
138,119 |
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Other debtors |
88,192 |
57,896 |
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--------- |
--------- |
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195,910 |
196,015 |
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--------- |
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7.
Creditors:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
241 |
3,101 |
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Trade creditors |
215,393 |
176,354 |
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Corporation tax |
16,818 |
61,818 |
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Social security and other taxes |
7,160 |
20,100 |
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Other creditors - desc in a/cs |
888 |
– |
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Other creditors |
314,815 |
206,208 |
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--------- |
--------- |
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555,315 |
467,581 |
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--------- |
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8.
Director's advances, credits and guarantees
There were no advances, credits or guarantees given by the company on behalf of its directors for the financial year ended 30th September 2025 (2024:Nil).
9.
Related party transactions
The company was under the control of Eamon and Mary Mc Laughlin, directors and sole shareholders. During the year the shareholding directors were paid dividends of £64,000 each (2024: £64,000 each) At 30th September 2025 the balance on the director's current account was £269,872 (2024: £147,993).