ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: NI011287

Sammy Mellon and Sons Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2025

Sammy Mellon and Sons Limited

Registered number: NI011287

Balance Sheet

As at 30 September 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		690,442		709,202
			690,442		709,202
Current assets
Stocks	6	1,772,764		1,210,426
Debtors: amounts falling due within one year	7	572,531		711,677
Cash at bank and in hand	8	209,669		294,364
		2,554,964		2,216,467
Creditors: amounts falling due within one year	9	(2,832,656)		(2,462,354)
Net current liabilities			(277,692)		(245,887)
Total assets less current liabilities			412,750		463,315
Creditors: amounts falling due after more than one year	10		(57,058)		(81,255)

Net assets			355,692		382,060

Capital and reserves
Called up share capital	12	20,100	20,100
Revaluation reserve		288,000	294,000
Profit and loss account		47,592	67,960
		355,692	382,060

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Sammy Mellon and Sons Limited

Registered number: NI011287

Balance Sheet (continued)

As at 30 September 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2026.

Gordon Mellon

Director

The notes on pages 3 to 12 form part of these financial statements.

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

1.	General information

Sammy Mellon and Sons Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements.

The presentation currency is that of Sterling (£). There is no rounding applied to the accounts.

2.	Going Concern

The directors of the company have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

3.Accounting policies (continued)

3.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

3.Accounting policies (continued)

3.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

3.Accounting policies (continued)

3.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property	-	2%	straight line
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	20%	reducing balance
Other fixed assets	-	20%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

3.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

3.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

3.Accounting policies (continued)

3.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 17 (2024 - 18).

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

5.	Tangible fixed assets

	Freehold property	Motor vehicles	Fixtures and fittings	Other fixed assets	Total
	£	£	£	£	£
Cost or valuation
At 1 October 2024	700,000	9,773	68,615	351,328	1,129,716
At 30 September 2025	700,000	9,773	68,615	351,328	1,129,716
Depreciation
At 1 October 2024	14,000	7,348	63,330	335,836	420,514
Charge for the year on owned assets	14,000	606	1,056	3,098	18,760
At 30 September 2025	28,000	7,954	64,386	338,934	439,274
Net book value
At 30 September 2025	672,000	1,819	4,229	12,394	690,442
At 30 September 2024	686,000	2,425	5,285	15,492	709,202

Property included in freehold property was revalued in September 2022 by Neill Estate Agents at £600,000 on an open market value for existing use basis.

The directors reviewed this valuation and believe that the value the property is carried at in the financial statements for the year ended 30 September 2025 is appropriate.

If freehold property had not been included at valuation, they would be included under historical cost convention as follows:


		2025	2024
		£	£

Cost	-	400,000
Accumulated Depreciation	-	(8,000)
	-	392,000

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

6.	Stocks
		2025	2024
		£	£

Finished goods and goods for resale	1,772,764	1,210,426
	1,772,764	1,210,426

Debtors

					2025	2024
					£	£


Trade debtors	415,232	535,077
Other debtors	157,299	176,600
	572,531	711,677

8.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	209,669	294,364
	209,669	294,364

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

9.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	5,971	23,494
Trade creditors	2,099,225	1,773,557
Corporation tax	55,490	36,081
Other taxation and social security	36,209	153,942
Other creditors	535,887	379,871
Accruals and deferred income	99,874	95,409
	2,832,656	2,462,354

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

10.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	23,493	29,690
Corporation tax	33,565	51,565
	57,058	81,255

Amounts falling due within one year
Bank loans	5,971	23,494
	5,971	23,494
Amounts falling due 1-2 years
Bank loans	6,117	5,971
	6,117	5,971
Amounts falling due 2-5 years
Bank loans	17,376	23,719
	17,376	23,719

	29,464	53,184

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Sammy Mellon and Sons Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

12.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

20,000 (2024 - 20,000) Ordinary shares of £1.00 each	20,000	20,000
100 (2024 - 100) Ordinary B shares of £1.00 each	100	100

	20,100	20,100

13.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £11,667 (2024: £11,887).
Contributions of £2,180 (2024: £2,348) were payable to the fund at the balance sheet date.

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