REGISTERED NUMBER: NI011269 (Northern Ireland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

RAD COCHRANE BROTHERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Cochrane

Mr I R S Cochrane

Mr N Morris

REGISTERED OFFICE:

10 Craigavon Road

FINTONA

Co. Tyrone

BT78 2BN

REGISTERED NUMBER:

NI011269 (Northern Ireland)

ACCOUNTANTS:

R Cathers & Co

Chartered Accountants & Registered Auditors

107 Main Street

FINTONA

Co. Tyrone

BT78 2AH

BANKERS:

Danske Bank

5-7 Market Street

OMAGH

Co. Tyrone

BT78 1BN

SOLICITORS:

McConnell & Fyffe

The Old Rectory

21 church Road

OMAGH

Co Tyrone

BT78 1DG

FIXED ASSETS

Tangible assets

4

268,044

345,765

Investments

5

46,899

71,899

314,943

417,664

CURRENT ASSETS

Stocks

949,955

871,845

Debtors

6

293,315

165,263

1,243,270

1,037,108

CREDITORS

Amounts falling due within one year

7

523,332

544,311

NET CURRENT ASSETS

719,938

492,797

TOTAL ASSETS LESS CURRENT LIABILITIES

1,034,881

910,461

CREDITORS

Amounts falling due after more than one year

8

(103,143

)

(60,960

)

PROVISIONS FOR LIABILITIES

(50,928

)

(42,837

)

NET ASSETS

880,810

806,664

CAPITAL AND RESERVES

Called up share capital

8,888

8,888

Revaluation reserve

9

165,395

165,395

Other reserves

17,654

17,654

Retained earnings

688,873

614,727

880,810

806,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr M Cochrane - Director

Mr N T Cochrane - Director

1.	STATUTORY INFORMATION

RAD Cochrane Brothers 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

270,588

836,236

1,106,824

Additions

-

125,813

125,813

Disposals

(270,588

)

(8,500

)

(279,088

)

At 31 July 2025

-

953,549

953,549

DEPRECIATION

At 1 August 2024

150,282

610,777

761,059

Charge for year

-

82,590

82,590

Eliminated on disposal

(150,282

)

(7,862

)

(158,144

)

At 31 July 2025

-

685,505

685,505

NET BOOK VALUE

At 31 July 2025

-

268,044

268,044

At 31 July 2024

120,306

225,459

345,765

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

71,899

Disposals

(25,000

)

At 31 July 2025

46,899

NET BOOK VALUE

At 31 July 2025

46,899

At 31 July 2024

71,899

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

55,951

79,459

Other debtors

237,364

85,804

293,315

165,263

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

98,430

126,802

Hire purchase contracts

22,483

9,900

Trade creditors

357,532

359,810

Taxation and social security

31,828

23,194

Other creditors

13,059

24,605

523,332

544,311

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

31,639

37,835

Hire purchase contracts

71,504

23,125

103,143

60,960

9.

RESERVES

Revaluation

reserve

£

At 1 August 2024

and 31 July 2025

165,395