A + S Mckay Sheet Metal Fabrication Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02925827 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

A + S MCKAY SHEET METAL FABRICATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W McKay

S McKay

SECRETARY:

S McKay

REGISTERED OFFICE:

66 Old Bidston Road

Birkenhead

Merseyside

CH41 8BL

REGISTERED NUMBER:

02925827 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

10 Nicholas Street

Chester

CH1 2NX

BANKERS:

Barclays Bank PLC

2 Liscard Village

Wallesey

CH45 4JS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

103,496

138,292

103,496

138,292

CURRENT ASSETS

Stocks

6

26,421

38,162

Debtors

7

267,494

260,298

Cash at bank

868

8,206

294,783

306,666

CREDITORS

Amounts falling due within one year

8

247,329

233,662

NET CURRENT ASSETS

47,454

73,004

TOTAL ASSETS LESS CURRENT
LIABILITIES

150,950

211,296

CREDITORS

Amounts falling due after more than one
year

9

(100,000

)

(130,833

)

PROVISIONS FOR LIABILITIES

12

(25,874

)

(34,573

)

NET ASSETS

25,076

45,890

CAPITAL AND RESERVES

Called up share capital

13

100

Retained earnings

24,976

45,790

SHAREHOLDERS' FUNDS

25,076

45,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2026 and were signed on its behalf by:

S McKay - Director

1.	STATUTORY INFORMATION

A + S Mckay Sheet Metal Fabrication Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st November 2024

and 31st October 2025

100,905

AMORTISATION

At 1st November 2024

and 31st October 2025

100,905

NET BOOK VALUE

At 31st October 2025

-

At 31st October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st November 2024

312,133

74,595

386,728

Additions

220

-

220

At 31st October 2025

312,353

74,595

386,948

DEPRECIATION

At 1st November 2024

181,453

66,983

248,436

Charge for year

33,050

1,966

35,016

At 31st October 2025

214,503

68,949

283,452

NET BOOK VALUE

At 31st October 2025

97,850

5,646

103,496

At 31st October 2024

130,680

7,612

138,292

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st November 2024

and 31st October 2025

175,000

21,495

196,495

DEPRECIATION

At 1st November 2024

60,156

17,244

77,400

Charge for year

28,711

1,063

29,774

At 31st October 2025

88,867

18,307

107,174

NET BOOK VALUE

At 31st October 2025

86,133

3,188

89,321

At 31st October 2024

114,844

4,251

119,095

6.

STOCKS

31.10.25

31.10.24

£

Stocks

4,300

1,800

Work-in-progress

22,121

36,362

26,421

38,162

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

101,163

84,927

Other debtors

112,064

32,519

Loan

2,955

Directors' current accounts

15,668

116,066

Prepayments

35,644

23,831

267,494

260,298

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts (see note 10)

5,834

10,000

Hire purchase contracts

25,000

Trade creditors

92,477

93,589

Tax

1,655

21,819

Social security and other taxes

16,023

9,342

VAT

27,185

23,938

Other creditors

1,191

639

Invoice discounting

72,454

44,190

Accrued expenses

5,510

5,145

247,329

233,662

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans (see note 10)

-

5,833

Hire purchase contracts

100,000

125,000

100,000

130,833

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

25,000

10.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

Amounts falling due within one year or on demand:

Bank loans

5,834

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,833

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bank loans

5,834

15,833

Hire purchase contracts

125,000

150,000

130,834

165,833

12.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

Deferred tax

Accelerated capital allowances

25,874

34,573

Deferred

tax

£

Balance at 1st November 2024

34,573

Movement in the year due to:

changes in tax rates

changes in tax allowances

(8,699

)

Balance at 31st October 2025

25,874

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

45

Ordinary A

£1

45

Ordinary B

£1

45

10

Ordinary C

£1

10

100

14.	CAPITAL COMMITMENTS

31.10.25

31.10.24

£

Contracted but not provided for in the

financial statements

-

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid rent of £23,040 (2024: £23,040) to A.W. McKay and S. McKay in respect of the premises used by the company.

Advances and credits have been granted to directors during the year which are interest free and repayable on demand. Balances outstanding at the year end amount to Mr A McKay £9,963 (2024: £18,588) and Mr A McKay £5,705 (2024: £17,933).

W R Swarbrick's director's loan was transferred to his estate and is therefore incuded in other debtors. The balance at the year end was £79,545 (2024: £79,545).