MJ Higgins Contracting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: NI047855 (Northern Ireland)

Financial Statements for the Year Ended 30 November 2025

for

MJ Higgins Contracting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Higgins

REGISTERED OFFICE:

618 Sligo Road

Belcoo East

Belcoo

Enniskillen

Co. Fermanagh

BT93 5FN

REGISTERED NUMBER:

NI047855 (Northern Ireland)

ACCOUNTANTS:

Dundas Gallagher

Chartered Accountants and Statutory Auditors

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

FIXED ASSETS

Tangible assets

4

569,083

546,490

Investment property

5

35,000

604,083

581,490

CURRENT ASSETS

Stocks

15,351

18,618

Debtors

6

38,840

105,143

Cash at bank

85,727

102,703

139,918

226,464

CREDITORS

Amounts falling due within one year

7

229,080

338,322

NET CURRENT LIABILITIES

(89,162

)

(111,858

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

514,921

469,632

CREDITORS

Amounts falling due after more than one
year

8

-

(2,188

)

PROVISIONS FOR LIABILITIES

(13,311

)

(14,026

)

NET ASSETS

501,610

453,418

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

501,609

453,417

501,610

453,418

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 director acknowledges his 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 director and authorised for issue on 21 August 2026 and were signed by:

M Higgins - Director

1.	STATUTORY INFORMATION

MJ Higgins Contracting 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

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 December 2024

506,621

227,163

733,784

Additions

-

45,900

Disposals

-

(6,100

)

(6,100

)

At 30 November 2025

506,621

266,963

773,584

DEPRECIATION

At 1 December 2024

16,399

170,895

187,294

Charge for year

-

19,808

Eliminated on disposal

-

(2,601

)

(2,601

)

At 30 November 2025

16,399

188,102

204,501

NET BOOK VALUE

At 30 November 2025

490,222

78,861

569,083

At 30 November 2024

490,222

56,268

546,490

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

35,000

NET BOOK VALUE

At 30 November 2025

35,000

At 30 November 2024

35,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

27,714

63,291

Other debtors

11,126

41,852

38,840

105,143

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

2,130

Trade creditors

16,574

20,016

Taxation and social security

6,888

27,441

Other creditors

203,488

288,735

229,080

338,322

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans

-

2,188