Shane FM Limited iXBRL

Company Registration Number: NI700116

Shane FM Limited

Unaudited Financial Statements

for the financial year ended 31 August 2025

Shane FM Limited

DIRECTORS AND OTHER INFORMATION


Directors	Mr James McLaughlin
	Mr Gerard Flynn


Company Registration Number	NI700116


Business Address	26 Coast Road
	Cushendall
	Ballymena
	BT440RY


Accountants	MCI Chartered Accountants
	Sentinel House
	13 Pump Street
	Derry
	BT48 6JG

Shane FM Limited

Company Registration Number: NI700116

BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Current Assets

Debtors	4	39,181	-
Cash and cash equivalents		61	10
		─────────	─────────
		39,242	10
		─────────	─────────
Creditors: amounts falling due within one year	5	(38,963)	-
		─────────	─────────
Net Current Assets		279	10
		─────────	─────────
Total Assets less Current Liabilities		279	10
		═════════	═════════

Capital and Reserves

Called up share capital	10	10
Retained earnings	269	-
	─────────	─────────
Equity attributable to owners of the company	279	10
	═════════	═════════

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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 29 May 2026 and signed on its behalf by

Mr James McLaughlin

Director

Mr Gerard Flynn

Director

Shane FM Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Shane FM Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI700116. The registered office of the company is. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration receivable net of VAT and discounts. The policy adopted for the recognition of turnover is as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from mechanical engineering is recognised by reference to completion of the contract at the Balance Sheet date. The stage of completion is measured by reference to hours completed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

Taxation and deferred taxation

The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Provision is made at the rates expected to apply when the timing differences reverse. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in taxable profits in periods different from those in which they are recognised in the financial statements.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Employees

The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).


4.	Debtors	2025	2024
		£	£

	Trade debtors	29,173	-
	Taxation	10,008	-
		─────────	─────────
		39,181	-
		═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Taxation	463	-
	Accruals	38,500	-
		─────────	─────────
		38,963	-
		═════════	═════════