REGISTERED NUMBER: NI651164 (Northern Ireland)

MCAULEY FL LIFTS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J McAuley

R McAuley

REGISTERED OFFICE:

21 Ballymena Road

Ballymoney

Co. Antrim

BT53 7EX

REGISTERED NUMBER:

NI651164 (Northern Ireland)

AUDITORS:

McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

BANKERS:

Danske Bank

18 Ballymoney Road

Ballymena

Antrim

BT43 5BY

FIXED ASSETS

Tangible assets

4

19,865

17,829

CURRENT ASSETS

Stocks

372,968

335,188

Debtors

5

427,992

426,636

Cash at bank

359,091

81,693

1,160,051

843,517

CREDITORS

Amounts falling due within one year

6

434,372

258,802

NET CURRENT ASSETS

725,679

584,715

TOTAL ASSETS LESS CURRENT LIABILITIES

745,544

602,544

PROVISIONS FOR LIABILITIES

300,156

241,001

NET ASSETS

445,388

361,543

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

445,288

361,443

SHAREHOLDERS' FUNDS

445,388

361,543

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 10 July 2026 and were signed on its behalf by:

J McAuley - Director

1.	STATUTORY INFORMATION

McAuley FL Lifts 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.

The financial statements are prepared in sterling which is the functional currency of the Company.

Significant judgements and estimates

Warranty provision

Products are sold with a warranty covering parts and labour for any manufacturing defects. A provision is recognised at the time of sale for the expected costs to be incurred in respect of warranty claims. The amount of the provision is based on management's best estimate of the expenditure required to settle existing and future claims arising from sales made before the reporting date.

The estimate is based on historical claim rates, the nature of products sold, and the terms of the warranty. The actual costs may differ from those estimates, depending on future claim experience, changes in manufacturing quality, and other factors. Any difference between estimated and actual costs is recognised in the income statement in the period when the difference becomes known.

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

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & equipment - 15% straight line

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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefit in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Company statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the Statement of Comprehensive Income unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant &

equipment

£

COST

At 1 January 2025

20,577

Additions

4,975

At 31 December 2025

25,552

DEPRECIATION

At 1 January 2025

2,748

Charge for year

2,939

At 31 December 2025

5,687

NET BOOK VALUE

At 31 December 2025

19,865

At 31 December 2024

17,829

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

350,068

347,759

Other debtors

77,924

78,877

427,992

426,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,652

1,909

Trade creditors

183,019

33,227

Amounts owed to group undertakings

146,688

204,406

Taxation and social security

68,683

-

Other creditors

33,330

19,260

434,372

258,802

7.	SECURED DEBTS

Bank facilities are secured by way of a fixed & floating charge over the book debts of this company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MICHAEL BARNETT (Senior Statutory Auditor)

for and on behalf of McAleer Jackson Ltd

9.	CONTINGENT LIABILITIES

The company acts as a guarantor in respect of bank loans to McAuley Fabrication Ltd and has provided security by means of a fixed and floating charge over the company's assets.

10.	CAPITAL COMMITMENTS

At 31 December 2025 the company had capital commitments of £Nil (2024: £Nil).

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions contained in Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 33 Related Party Disclosures and has not disclosed details of transactions with its parent or fellow subsidiary entities.

12.	POST BALANCE SHEET EVENTS

There have been no significant post balance sheet events affecting the company since the year end.

13.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Leumas Holdings Ltd, a company incorporated in Northern Ireland, which owns 100% of the issued share capital of McAuley FL Lifts Ltd.

The smallest and largest group of undertakings for which group financial statements are drawn up and for which the company is a member is Leumas Holdings Ltd. Copies of group financial statements are available from Companies House.

The ultimate controlling parties are Jonathan and Ruth McAuley by virtue of their controlling interest in Leumas Holdings Ltd.