REGISTERED NUMBER: NI053316 (Northern Ireland)

QUINN BUILDING SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Sean Quinn

Mary Sarah Quinn

REGISTERED OFFICE:

78 Kilmascally Road

Clunto Airfield

Ardboe

Dungannon

Co. Tyrone

BT71 5BJ

REGISTERED NUMBER:

NI053316 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

1,809,442

1,961,883

1,809,442

1,961,883

CURRENT ASSETS

Inventories

7

1,628,954

1,252,828

Receivables

8

620,600

761,752

Cash at bank and in hand

510,819

549,963

2,760,373

2,564,543

PAYABLES

Amounts falling due within one year

9

(1,699,006

)

(1,799,006

)

NET CURRENT ASSETS

1,061,367

765,537

TOTAL ASSETS LESS CURRENT LIABILITIES

2,870,809

2,727,420

PAYABLES

Amounts falling due after more than one year

10

(906,796

)

(1,028,287

)

PROVISIONS FOR LIABILITIES

(62,297

)

(141,771

)

GOVERNMENT GRANTS

(4,564

)

(4,755

)

NET ASSETS

1,897,152

1,552,607

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

1,897,150

1,552,605

SHAREHOLDERS' FUNDS

1,897,152

1,552,607

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 24 September 2026 and were signed on its behalf by:

Sean Quinn - Director

1.	STATUTORY INFORMATION

Quinn Building Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Freehold property

- 4% Straight Line

Plant and machinery

- 10% Reducing Balance

Fixtures and fittings

- 10% Reducing Balance

Motor vehicles

- 15% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.

Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Property, plant and equipment held under leasing and Hire Purchases arrangements which transfer

substantially all the risks and rewards of ownership to the company are capitalised and included in

the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding

commitments are recorded as liabilities. Payments in respect of these obligations are treated as

consisting of capital and interest elements, with interest charged to the Income Statement.

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 Income Statement in the period to which they relate.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital

Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 45 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

450,441

AMORTISATION

At 1 January 2025

and 31 December 2025

450,441

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

397,820

2,769,994

217,583

244,655

3,630,052

Additions

-

28,179

12,827

-

41,006

At 31 December 2025

397,820

2,798,173

230,410

244,655

3,671,058

DEPRECIATION

At 1 January 2025

140,534

1,203,079

124,015

200,541

1,668,169

Charge for year

19,617

157,112

10,101

6,617

193,447

At 31 December 2025

160,151

1,360,191

134,116

207,158

1,861,616

NET BOOK VALUE

At 31 December 2025

237,669

1,437,982

96,294

37,497

1,809,442

At 31 December 2024

257,286

1,566,915

93,568

44,114

1,961,883

7.	INVENTORIES

2025

2024

£

£

Inventories

1,628,954

1,252,828

8.	RECEIVABLES

2025

2024

£

£

Trade receivables

620,600

761,752

9.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,289

10,165

Hire purchase contracts

265,113

240,397

Trade payables

820,105

831,504

Amounts owed to group undertakings

430,125

515,037

Taxation and social security

152,388

178,588

Other payables

25,986

23,315

1,699,006

1,799,006

10.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans

-

5,506

Hire purchase contracts

406,796

522,781

Amounts owed to group undertakings

500,000

500,000

906,796

1,028,287

The bank loan and overdrafts are secured by the company by a fixed and floating charge over company assets.

Hire purchase liabilities are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary Shares

1

2

2

12.	RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.