Registration number: NI056783

S.E. McKay & Son Limited

(Registration number: NI056783)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	154,636	124,095
Current assets
Stocks	6	159,901	153,420
Debtors	7	170,576	248,982
Cash at bank and in hand		610,869	527,172
		941,346	929,574
Creditors: due within one year	8	(264,064)	(228,903)
Net current assets		677,282	700,671
Total assets less current liabilities		831,918	824,766
Creditors: due after more than one year	9	(540,895)	(560,172)
Provisions for liabilities		(30,100)	(31,024)
Net assets		260,923	233,570
Capital and reserves
Called up share capital	10	2	2
Retained earnings		260,921	233,568
Shareholders' funds		260,923	233,570

For the financial year ending 31 October 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.

S.E. McKay & Son Limited

(Registration number: NI056783)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 10 July 2026 and signed on its behalf by:
 

.............................................. S J McKay Director

.............................................. M D J McKay Director

S.E. McKay & Son Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 52 Tullynamullan Road, Shankbridge, Ballymena, Co. Antrim, BT42 2LR.

These financial statements were authorised for issue by the Board on 10 July 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.

Turnover

Turnover represents total invoiced sales for the accounting period net of value added tax and customer discounts. Revenue is recognised at the point of collection or delivery of the goods at which point the Company has generated its right to consideration.

Tax

Current tax is recognised as the amount of income tax payable in respect of the profit for the current and past periods. It is calculated using the tax rates that have been enacted or substantively enacted by the reporting date. 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.

Deferred tax is provided in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions of events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company’s taxable profit and its results stated in the financial statements. The deferred tax liability has not been discounted.

S.E. McKay & Son Limited

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

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
Plant and machinery	20% reducing balance basis
Fixture and fittings	20% straight line basis
Motor lorries	15% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% straight line basis

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.

Short-term debtors and creditors

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 are recognised in the income statement in other operating expenses.

Stock and work in progress

Stock and work in progress are valued at the lower of cost or net realisable value. Cost is determined on a first-in first-out basis and includes, where relevant, transport and handling costs. Net realisable value is calculated as anticipated selling price less costs to completion. Provision is made, where necessary, for obsolete or slow moving items.

S.E. McKay & Son Limited

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

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.

Pension costs

The Company operates a defined contribution pension scheme for Directors and employees. The
assets of the scheme are held separately from those of the Company in an independently administered
fund, and contributions are charged to profit and loss account as incurred.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	178,962	178,962
At 31 October 2025	178,962	178,962
Amortisation
At 1 November 2024	178,962	178,962
At 31 October 2025	178,962	178,962
Carrying amount
At 31 October 2025	-	-

S.E. McKay & Son Limited

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

5	Tangible assets

	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	324,026	336,131	660,157
Additions	36,583	15,265	51,848
At 31 October 2025	360,609	351,396	712,005
Depreciation
At 1 November 2024	241,842	294,220	536,062
Charge for the year	12,329	8,978	21,307
At 31 October 2025	254,171	303,198	557,369
Carrying amount
At 31 October 2025	106,438	48,198	154,636
At 31 October 2024	82,184	41,911	124,095

6

Stocks

	2025 £	2024 £
Work in progress	3,455	3,455
Finished goods and goods for resale	156,446	149,965
	159,901	153,420

7

Debtors

	2025 £	2024 £
Trade debtors	116,706	162,133
Prepayments	21,529	20,162
Other debtors	32,341	66,687
	170,576	248,982

S.E. McKay & Son Limited

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

8	Creditors: due within one year

	2025 £	2024 £
Trade creditors	185,485	158,932
Taxation and social security	21,522	15,795
Accruals and deferred income	23,729	21,858
Other creditors	33,328	32,318
	264,064	228,903

9	Creditors: due after more than one year

	2025 £	2024 £
Directors loan account	540,895	560,172