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Registration number: 04363773

McShannon Trailer Sales Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

McShannon Trailer Sales Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

McShannon Trailer Sales Limited

Company Information

Directors | Mrs C McShannon Mr G Mills Mr IC McShannon

Company secretary | Mr IC McShannon

Registered office | 1A Potter Place West Pimbo Industrial Estate Skelmersdale Lancashire England WN8 9PW

Accountants | McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

McShannon Trailer Sales Limited

(Registration number: 04363773)
Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,795,052 | 1,864,578
Current assets |  |  |
Stocks | 5 | 1,770,400 | 1,833,500
Debtors | 6 | 292,239 | 1,112,037
Cash at bank and in hand |  | 315,789 | 677,976
|  | 2,378,428 | 3,623,513
Creditors: Amounts falling due within one year | 7 | (157,769) | (619,139)
Net current assets |  | 2,220,659 | 3,004,374
Total assets less current liabilities |  | 4,015,711 | 4,868,952
Provisions for liabilities |  | (351,619) | (418,164)
Net assets |  | 3,664,092 | 4,450,788
Capital and reserves |  |  |
Called up share capital |  | 50,100 | 50,100
Retained earnings |  | 3,613,992 | 4,400,688
Shareholders' funds |  | 3,664,092 | 4,450,788

McShannon Trailer Sales Limited

(Registration number: 04363773)
Statement of Financial Position as at 31 December 2025 (continued)

For the financial year ending 31 December 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 Income Statement.

Approved and authorised by the Board on 14 May 2026 and signed on its behalf by:

......................................... Mr IC McShannon Company secretary and director

McShannon Trailer Sales Limited

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

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1A Potter Place
West Pimbo Industrial Estate
Skelmersdale
Lancashire
WN8 9PW
England

These financial statements were authorised for issue by the Board on 14 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.

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.

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Land and buildings | 2% on cost and at varying rates on cost
Plant and machinery | 25% on cost, 10% on cost and at varying rates on cost

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.

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

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 net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4 | Tangible assets

| Leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 January 2025 | 202,569 | 108,460 | 2,790,581 | 23,819 | 244,808
Additions | 110,390 | - | 12,081 | - | 93,502
Disposals | - | - | (95,250) | - | (29,167)
At 31 December 2025 | 312,959 | 108,460 | 2,707,412 | 23,819 | 309,143
Depreciation
At 1 January 2025 | 18,438 | 81,953 | 1,285,081 | 19,609 | 100,578
Charge for the year | 6,385 | 6,507 | 127,831 | 2,535 | 28,032
Eliminated on disposal | - | - | - | - | (10,208)
At 31 December 2025 | 24,823 | 88,460 | 1,412,912 | 22,144 | 118,402
Carrying amount
At 31 December 2025 | 288,136 | 20,000 | 1,294,500 | 1,675 | 190,741
At 31 December 2024 | 184,131 | 26,507 | 1,505,500 | 4,210 | 144,230

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4 | Tangible assets (continued)

| Total £
Cost or valuation
At 1 January 2025 | 3,370,237
Additions | 215,973
Disposals | (124,417)
At 31 December 2025 | 3,461,793
Depreciation
At 1 January 2025 | 1,505,659
Charge for the year | 171,290
Eliminated on disposal | (10,208)
At 31 December 2025 | 1,666,741
Carrying amount
At 31 December 2025 | 1,795,052
At 31 December 2024 | 1,864,578

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings, £Nil (2024 - £Nil) in respect of long leasehold land and buildings and £288,136 (2024 - £184,131) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 1,770,400 | 1,833,500

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 251,111 | 287,192
Prepayments | 15,126 | 14,362
Other debtors | 26,002 | 810,483
| 292,239 | 1,112,037

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 117,212 | 22,191
Taxation and social security | 9,622 | 567,252
Accruals and deferred income | 2,500 | 2,441
Other creditors | 28,435 | 27,255
| 157,769 | 619,139

8 | Related party transactions

McShannon Trailer Sales Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8 | Related party transactions (continued)

Summary of transactions with parent

MTS Holdings (North West) Limited The ultimate controlling party is MTS Holdings (North West) Limited.

Summary of transactions with entities with joint control or significant interest

Throstle Nest Properties Limited Throughout the year the company held a loan with the related party with the total owing from the company being £36 at the year end (2024 - £792,486). This is a short term loan, interest free and repayable upon demand.
MTS Holdings (North West) Limited Throughout the year the company held a loan balance with the related party, a company in which Mr & Mrs McShannon are directors. This is a short term loan, interest free and repayable upon demand. The balance at the year end was Nil (2024 - Nil).

Summary of transactions with other related parties

During the period the company paid rent on the business premises of £40,000 (2024 - £40,000) to Mr & Mrs McShannon. There is no formal lease in place.