Registration number: NI050744

James McNeill Grocery Limited

(Registration number: NI050744)
Balance Sheet as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	-
Tangible assets	5	164,059	171,334
		164,059	171,334
Current assets
Stocks	6	106,621	106,020
Debtors	7	25,595	24,865
Cash at bank and in hand		553,193	369,785
		685,409	500,670
Creditors: Amounts falling due within one year	8	(444,728)	(299,111)
Net current assets		240,681	201,559
Total assets less current liabilities		404,740	372,893
Provisions for liabilities		(39,532)	(41,025)
Net assets		365,208	331,868
Capital and reserves
Called up share capital	9	100	100
Retained earnings		365,108	331,768
Shareholders' funds		365,208	331,868

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

James McNeill Grocery Limited

(Registration number: NI050744)
Balance Sheet as at 30 June 2026

Approved and authorised by the Board on 29 September 2026 and signed on its behalf by:
 

......................................... Alistair McNeill Director

James McNeill Grocery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 71 - 73 Main Street, Broughshane, Ballymena, Co Antrim, BT42 4JP.

These financial statements were authorised for issue by the Board on 29 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

James McNeill Grocery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Motor vehicles	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

James McNeill Grocery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2025 - 25).

James McNeill Grocery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2025	355,500	355,500
At 30 June 2026	355,500	355,500
Amortisation
At 1 July 2025	355,500	355,500
At 30 June 2026	355,500	355,500
Carrying amount
At 30 June 2026	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2025	386,292	7,250	393,542
Additions	30,978	-	30,978
Disposals	(77,707)	-	(77,707)
At 30 June 2026	339,563	7,250	346,813
Depreciation
At 1 July 2025	217,334	4,874	222,208
Charge for the year	28,618	475	29,093
Eliminated on disposal	(68,547)	-	(68,547)
At 30 June 2026	177,405	5,349	182,754
Carrying amount
At 30 June 2026	162,158	1,901	164,059
At 30 June 2025	168,958	2,376	171,334

James McNeill Grocery Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

6

Stocks

	2026 £	2025 £
Stocks	106,621	106,020

7

Debtors

	2026 £	2025 £
Prepayments	21,130	20,400
Other debtors	4,465	4,465
	25,595	24,865

8

Creditors

	2026 £	2025 £
Trade creditors	189,189	150,084
Taxation and social security	22,677	11,411
Accruals and deferred income	13,703	12,689
Other creditors	219,159	124,927
	444,728	299,111