REGISTERED NUMBER: NI634826 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

McKee Engineering Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

9

DIRECTORS:

W McKee

Mrs G R McKee

REGISTERED OFFICE:

Unit 25

Glenavy Road Business Park

20 Glenavy Road

Moira

BT67 0LT

REGISTERED NUMBER:

NI634826 (Northern Ireland)

ACCOUNTANTS:

Drake Wells Stewart Limited

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Armagh

BT67 0LE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

493,783

391,972

493,783

391,972

CURRENT ASSETS

Stocks

7

142,191

62,266

Debtors

8

388,115

461,490

Cash at bank

4,673

69

534,979

523,825

CREDITORS

Amounts falling due within one year

9

548,916

480,171

NET CURRENT (LIABILITIES)/ASSETS

(13,937

)

43,654

TOTAL ASSETS LESS CURRENT LIABILITIES

479,846

435,626

CREDITORS

Amounts falling due after more than one year

10

(366,340

)

(219,900

)

PROVISIONS FOR LIABILITIES

13

(66,982

)

(73,610

)

NET ASSETS

46,524

142,116

CAPITAL AND RESERVES

Called up share capital

14

10

10

Retained earnings

46,514

142,106

SHAREHOLDERS' FUNDS

46,524

142,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 June 2026 and were signed on its behalf by:

W McKee - Director

Mrs G R McKee - Director

1.	STATUTORY INFORMATION

McKee Engineering Solutions Ltd is a private company, limited by shares , registered in Northern Ireland. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 2015, is being amortised evenly over its estimated useful life of five 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 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

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 19 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

10,800

AMORTISATION

At 1 December 2024

and 30 November 2025

10,800

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

562,169

4,010

57,344

623,523

Additions

133,322

-

50,630

183,952

Disposals

-

-

(2,238

)

(2,238

)

At 30 November 2025

695,491

4,010

105,736

805,237

DEPRECIATION

At 1 December 2024

184,130

2,750

44,671

231,551

Charge for year

66,642

1,260

14,072

81,974

Eliminated on disposal

-

-

(2,071

)

(2,071

)

At 30 November 2025

250,772

4,010

56,672

311,454

NET BOOK VALUE

At 30 November 2025

444,719

-

49,064

493,783

At 30 November 2024

378,039

1,260

12,673

391,972

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2024

422,689

39,410

462,099

Additions

133,322

50,630

183,952

At 30 November 2025

556,011

90,040

646,051

DEPRECIATION

At 1 December 2024

113,675

29,570

143,245

Charge for year

64,611

13,406

78,017

At 30 November 2025

178,286

42,976

221,262

NET BOOK VALUE

At 30 November 2025

377,725

47,064

424,789

At 30 November 2024

309,014

9,840

318,854

7.

STOCKS

30.11.25

30.11.24

£

£

Stocks

62,460

62,266

Work-in-progress

79,731

-

142,191

62,266

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

388,115

461,490

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts (see note 11)

97,891

44,660

Hire purchase contracts

84,995

63,645

Trade creditors

152,120

137,555

McKee Investments Ltd

10,154

15,904

Tax

-

53

Social security and other taxes

57,632

17,051

VAT

91,816

96,258

Other loans

-

53,829

Company credit card

13,126

6,150

Directors' current accounts

24,189

36,014

Accrued expenses

16,993

9,052

548,916

480,171

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans (see note 11)

109,800

15,051

Hire purchase contracts

256,540

204,849

366,340

219,900

11.

LOANS

An analysis of the maturity of loans is given below:

30.11.25

30.11.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

38,720

22,154

Bank loans

59,171

22,506

97,891

44,660

Amounts falling due between one and two years:

Bank loans - 1-2 years

47,663

15,051

Amounts falling due between two and five years:

Bank loans - 2-5 years

62,137

-

12.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

341,535

268,494

13.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

66,982

73,610

Deferred

tax

£

Balance at 1 December 2024

73,610

Provided during year

(6,628

)

Balance at 30 November 2025

66,982

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

10

Ordinary

10

10

10

15.	ULTIMATE CONTROLLING PARTY

Willie and Guinevere McKee are the directors and shareholders in the company and are the ultimate controlling party of the company.