Registration number: NI629798

W & A McMaster Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

W & A McMaster Ltd

(Registration number: NI629798)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,269,614	1,231,536
Other financial assets	5	42,676	-
		1,312,290	1,231,536
Current assets
Stocks	6	220,335	202,590
Debtors	7	197,405	187,520
Cash at bank and in hand		37,027	57,317
		454,767	447,427
Creditors: Amounts falling due within one year	8	(231,156)	(261,236)
Net current assets		223,611	186,191
Total assets less current liabilities		1,535,901	1,417,727
Creditors: Amounts falling due after more than one year	8	(147,822)	(187,016)
Provisions for liabilities		(230,964)	(167,323)
Net assets		1,157,115	1,063,388
Capital and reserves
Called up share capital	9	100	100
Retained earnings		1,157,015	1,063,288
Shareholders' funds		1,157,115	1,063,388

W & A McMaster Ltd

(Registration number: NI629798)
Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2026
 

......................................... Mr Wilson McMaster Company secretary and director

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
17 Roughan Road
Broughshane
Ballymena
Co Antrim
BT42 4QX

The principal place of business is:
17 Roughan Road
Broughshane
Ballymena
Co Antrim
BT42 4QX

These financial statements were authorised for issue by the director on 9 October 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.

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.

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Buildings	2% straight line basis
Plant and machinery	20% reducing balance basis
Motor vehicles	20% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 the director) during the year, was 4 (2025 - 3).

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Plant and Equipment £	Total £
Cost or valuation
At 1 April 2025	377,059	67,426	1,709,113	2,153,598
Additions	-	-	274,932	274,932
At 31 March 2026	377,059	67,426	1,984,045	2,428,530
Depreciation
At 1 April 2025	30,543	22,149	869,370	922,062
Charge for the year	4,864	9,055	222,935	236,854
At 31 March 2026	35,407	31,204	1,092,305	1,158,916
Carrying amount
At 31 March 2026	341,652	36,222	891,740	1,269,614
At 31 March 2025	346,516	45,277	839,743	1,231,536

Included within the net book value of land and buildings above is £341,652 (2025 - £346,516) in respect of freehold land and buildings.
 

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
Fair value adjustments	1,965	1,965
Additions	40,711	40,711
At 31 March 2026	42,676	42,676
Impairment
Carrying amount
At 31 March 2026	42,676	42,676

6

Stocks

	2026 £	2025 £
Stock	220,335	202,590

7

Debtors

Current	2026 £	2025 £
Trade debtors	149,652	152,640
Prepayments	7,400	6,869
Other debtors	40,353	28,011
	197,405	187,520

8

Creditors

Creditors: amounts falling due within one year

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	100,473	157,785
Trade creditors		69,382	62,178
Amounts due to related parties		716	986
Accruals		4,180	2,840
Income tax liability		56,405	37,447
		231,156	261,236
Due after one year
Loans and borrowings	10	147,822	187,016

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	147,822	187,016

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share of £1 each	100	100	100	100

W & A McMaster Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	108,040	146,755
Hire purchase contracts	39,782	40,261
	147,822	187,016

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	53,756	95,156
Bank overdrafts	-	24,774
Hire purchase contracts	46,717	37,855
	100,473	157,785