Registration number: NI012645

Northern Mechanical Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Northern Mechanical Ltd

Company Information

Directors

Mr Gerard O'Neill Mr Daniel O'Neill

Company secretary

Mr Gerard O'Neill

Registered office

Unit 9, Glenwood Business Centre Springbank Industrial Estate Belfast BT17 0QL

Accountants

McKeague Morgan & Company 27 College Gardens Belfast BT9 6BS

Northern Mechanical Ltd

(Registration number: NI012645)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	75,449	83,398
Current assets
Stocks	5	28,488	20,972
Debtors	6	42,787	20,060
Cash at bank and in hand		99,503	39,953
		170,778	80,985
Creditors: Amounts falling due within one year	7	(109,511)	(76,809)
Net current assets		61,267	4,176
Total assets less current liabilities		136,716	87,574
Creditors: Amounts falling due after more than one year	7	(4,010)	(12,054)
Net assets		132,706	75,520
Capital and reserves
Called up share capital		2	2
Profit and loss account		132,704	75,518
Total equity		132,706	75,520

For the financial year ending 31 May 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.

Approved and authorised by the Board on 20 May 2026 and signed on its behalf by:
 

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

Mr Gerard O'Neill
Company secretary and director

Northern Mechanical Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Unit 9, Glenwood Business Centre
Springbank Industrial Estate
Belfast
BT17 0QL

These financial statements were authorised for issue by the Board on 20 May 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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

Northern Mechanical Ltd

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

2	Accounting policies (continued)

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
Motor vehicles	25% reducing balance
Plant & machinery	25% reducing balance
Land & Buildings	2% straight line

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 merchandise sold 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Northern Mechanical Ltd

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

2	Accounting policies (continued)

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

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 directors) during the year, was 5 (2024 - 2).

Northern Mechanical Ltd

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

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 June 2024	60,000	24,037	10,553	94,590
Additions	-	32,119	-	32,119
At 31 May 2025	60,000	56,156	10,553	126,709
Depreciation
At 1 June 2024	3,600	30,538	9,173	43,311
Charge for the year	1,200	6,404	345	7,949
At 31 May 2025	4,800	36,942	9,518	51,260
Carrying amount
At 31 May 2025	55,200	19,214	1,035	75,449
At 31 May 2024	56,400	25,618	1,380	83,398

Included within the net book value of land and buildings above is £55,200 (2024 - £56,400) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	28,488	20,972

6

Debtors

	2025 £	2024 £
Trade debtors	31,402	7,307
Other debtors	11,385	12,753
	42,787	20,060

Northern Mechanical Ltd

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

7

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		42,601	14,991
Corporation tax liability		8,165	-
Taxation and social security		1,034	2,182
Other creditors		8,519	8,519
Loans from directors		46,192	46,192
Accruals and deferred income		3,000	4,925
		109,511	76,809
Due after one year
Other non-current financial liabilities		4,010	12,054

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

9	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Other borrowings	8,519	8,519

	2025 £	2024 £
Non-current loans and borrowings
Other borrowings	4,010	12,054