MACKIN ANIMAL FEEDS AND HARDWARE LTD


Directors	MACKIN, Brian
	MACKIN, Hugh
	MACKIN, Peter Christopher


Registered Address	108 Dublin Road
	Newry
	BT35 8QP


Registered Number	NI608429 (Northern Ireland)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets			1		1
Tangible assets	3		683,074		721,885
			683,075		721,886
Current assets
Stocks	4	252,501		250,000
Debtors		897,604		760,534
Cash at bank and on hand		1,240,383		878,982
		2,390,488		1,889,516
Creditors amounts falling due within one year	5	(1,024,818)		(843,668)
Net current assets (liabilities)			1,365,670		1,045,848
Total assets less current liabilities			2,048,745		1,767,734
Net assets			2,048,745		1,767,734
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,048,645		1,767,634
Shareholders' funds			2,048,745		1,767,734

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 May 2026, and are signed on its behalf by:

MACKIN, Brian
Director

MACKIN, Hugh
Director

MACKIN, Peter Christopher
Director

Registered Company No. NI608429

MACKIN ANIMAL FEEDS AND HARDWARE LTD

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible assets 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 tangible assets, less their estimated residual value, over their expected useful lives as follows: Short leasehold property - 2% Straight line Plant and machinery - 20% Straight line Fixtures, fittings and equipment - 15% Straight line Motor vehicles lorries - 25% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Tangible fixed assets and depreciation

Tangible assets 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 tangible assets, less their estimated residual value,
over their expected useful lives as follows:
Short leasehold property - 2% Straight line
Plant and machinery - 20% Straight line
Fixtures, fittings and equipment - 15% Straight line
Motor vehicles lorries - 25% Straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or
changes in circumstances indicate the carrying value may not be recoverable.


		Straight line (years)
	Land and buildings	2
	Plant and machinery	20
	Fixtures and fittings	15
	Vehicles	25
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 September 24	26,749	974,815	378,809	61,258	1,441,631
Additions	-	97,485	6,379	2,050	105,914
At 31 August 25	26,749	1,072,300	385,188	63,308	1,547,545
Depreciation and impairment
At 01 September 24	-	664,449	16,513	38,784	719,746
Charge for year	-	129,425	3,387	11,913	144,725
At 31 August 25	-	793,874	19,900	50,697	864,471
Net book value
At 31 August 25	26,749	278,426	365,288	12,611	683,074
At 31 August 24	26,749	310,366	362,296	22,474	721,885


	Tangible assets 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 tangible assets, less their estimated residual value, over their expected useful lives as follows: Short leasehold property - 2% Straight line Plant and machinery - 20% Straight line Fixtures, fittings and equipment - 15% Straight line Motor vehicles lorries - 25% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Tangible assets 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 tangible assets, less their estimated residual value,
over their expected useful lives as follows:
Short leasehold property - 2% Straight line
Plant and machinery - 20% Straight line
Fixtures, fittings and equipment - 15% Straight line
Motor vehicles lorries - 25% Straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or
changes in circumstances indicate the carrying value may not be recoverable.

4.	Stocks
	Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing 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 and selling.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the
normal course of business in bringing 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 and selling.

	2025	2024
	£	£
Raw materials and consumables	252,501	250,000
Total	252,501	250,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	639,558	570,373
Bank borrowings and overdrafts	1,866	1,791
Taxation and social security	365,241	253,351
Other creditors	5,653	5,653
Accrued liabilities and deferred income	12,500	12,500
Total	1,024,818	843,668


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.