JAMES MCCANN & SONS LTD

Company Registration Number:
NI054502 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 July 2025

Period of accounts

Start date: 01 August 2024

End date: 31 July 2025

JAMES MCCANN & SONS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2025

Balance sheet
Notes

JAMES MCCANN & SONS LTD

Balance sheet

As at 31 July 2025


Notes
2025
2024


£
£
Fixed assets
Intangible assets: 3 0 1,250
Tangible assets: 4 244,234 246,082
Total fixed assets: 244,234 247,332
Current assets
Stocks: 25,025 27,000
Debtors:   18,192 13,953
Cash at bank and in hand: 24,132 18,006
Total current assets: 67,349 58,959
Creditors: amounts falling due within one year:   (79,395) (70,645)
Net current assets (liabilities): (12,046) (11,686)
Total assets less current liabilities: 232,188 235,646
Total net assets (liabilities): 232,188 235,646
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 232,186 235,644
Shareholders funds: 232,188 235,646

The notes form part of these financial statements

JAMES MCCANN & SONS LTD

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 May 2026
and signed on behalf of the board by:

Name: James McCann
Status: Director

The notes form part of these financial statements

JAMES MCCANN & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows : Fixtures & Equipment 10% straight line Motor Vehicles 25% straight line The carrying values of tangible assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible fixed assets and amortisation policy

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in ringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing or selling.

JAMES MCCANN & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

2. Employees

2025 2024
Average number of employees during the period 13 13

JAMES MCCANN & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Intangible Assets

Total
Cost £
At 01 August 2024 25,000
At 31 July 2025 25,000
Amortisation
At 01 August 2024 23,750
Charge for year 1,250
At 31 July 2025 25,000
Net book value
At 31 July 2025 0
At 31 July 2024 1,250

JAMES MCCANN & SONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2025

4. Tangible Assets

Total
Cost £
At 01 August 2024 314,119
Additions 1,000
At 31 July 2025 315,119
Depreciation
At 01 August 2024 68,037
Charge for year 2,848
At 31 July 2025 70,885
Net book value
At 31 July 2025 244,234
At 31 July 2024 246,082