REGISTERED NUMBER: NI032369 (Northern Ireland)

A.R.G. Limited

Unaudited Financial Statements

for the Year Ended 31 May 2026

Page

Company information

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

10

Directors:

Mr A Graham

Mr R Graham

Mrs G Canavan

Mr G Balfour

Mr I Devlin

Secretary:

Mrs D Graham

Registered office:

27 Annesborough Ind Estate

Lurgan

Co Armagh

BT67 9JD

Registered number:

NI032369 (Northern Ireland)

Accountants:

Wylie Ruddell

Chartered Accountants

Armagh Business Centre

2 Loughgall Road

Armagh

BT61 7NH

Fixed assets

Intangible assets

4

-

-

Property, plant and equipment

5

1,123,272

1,173,663

1,123,272

1,173,663

Current assets

Inventories

6

165,156

186,576

Receivables

7

741,590

1,048,550

Cash at bank

809,625

427,891

1,716,371

1,663,017

Payables

Amounts falling due within one year

8

(763,517

)

(909,969

)

Net current assets

952,854

753,048

Total assets less current liabilities

2,076,126

1,926,711

Payables

Amounts falling due after more than one year

9

(92,539

)

(169,577

)

Provisions for liabilities

11

(153,814

)

(164,273

)

Net assets

1,829,773

1,592,861

Capital and reserves

Called up share capital

12

100

100

Share premium

13

59,990

59,990

Revaluation reserve

13

211,997

202,426

Retained earnings

13

1,557,686

1,330,345

Shareholders' funds

1,829,773

1,592,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 15 October 2026 and were signed on its behalf by:

Mr A Graham - Director

1.	Statutory information

A.R.G. Limited 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.	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 as modified by the revaluation of certain assets.

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 2014, is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment

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.

Land and buildings

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Land and buildings are stated at revalued amount. All other property, plant and equipment is stated at historical cost less accumulated depreciation and impairment losses. Depreciation is provided to write off the cost of assets over their estimated useful lives. Land is not depreciated.

Inventories

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Receivables

Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments:

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Payables

Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

Useful economic lives of tangible assets

The annual depreciation charges for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

3.	Employees and directors

The average number of employees during the year was 43 (2025 - 40 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 June 2025

and 31 May 2026

250,000

Amortisation

At 1 June 2025

and 31 May 2026

250,000

Net book value

At 31 May 2026

-

At 31 May 2025

-

5.	Property, plant and equipment

Fixtures,

fittings

Land and

Plant and

and

Motor

buildings

machinery

equipment

vehicles

Totals

£

£

£

£

£

Cost or valuation

At 1 June 2025

600,000

1,082,145

48,384

207,353

1,937,882

Additions

-

22,247

5,389

27,486

55,122

Disposals

-

-

-

(18,246

)

(18,246

)

At 31 May 2026

600,000

1,104,392

53,773

216,593

1,974,758

Depreciation

At 1 June 2025

-

611,882

28,193

124,144

764,219

Charge for year

9,571

72,798

3,658

24,727

110,754

Eliminated on disposal

-

-

-

(13,916

)

(13,916

)

Revaluation adjustments

(9,571

)

-

-

-

(9,571

)

At 31 May 2026

-

684,680

31,851

134,955

851,486

Net book value

At 31 May 2026

600,000

419,712

21,922

81,638

1,123,272

At 31 May 2025

600,000

470,263

20,191

83,209

1,173,663

Cost or valuation at 31 May 2026 is represented by:

Fixtures,

fittings

Land and

Plant and

and

Motor

buildings

machinery

equipment

vehicles

Totals

£

£

£

£

£

Valuation in 2014

113,900

-

-

-

113,900

Valuation in 2016

(5,886

)

-

-

-

(5,886

)

Valuation in 2017

(12,313

)

-

-

-

(12,313

)

Valuation in 2022

175,787

-

-

-

175,787

Valuation in 2025

(150,000

)

-

-

-

(150,000

)

Cost

478,512

1,104,392

53,773

216,593

1,853,270

600,000

1,104,392

53,773

216,593

1,974,758

If land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

478,512

478,512

Aggregate depreciation

(112,555

)

(102,984

)

Value of land in freehold land and buildings

365,957

375,528

Land and buildings were valued on an open market basis on 4 February 2026 by Maneely & Co Ltd.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost or valuation

At 1 June 2025

387,528

70,500

458,028

Additions

-

20,490

20,490

At 31 May 2026

387,528

90,990

478,518

Depreciation

At 1 June 2025

130,151

29,332

159,483

Charge for year

38,607

14,134

52,741

At 31 May 2026

168,758

43,466

212,224

Net book value

At 31 May 2026

218,770

47,524

266,294

At 31 May 2025

257,377

41,168

298,545

6.	Inventories

2026

2025

£

£

Raw materials

90,000

93,500

Work in progress

75,156

93,076

165,156

186,576

7.

Receivables: amounts falling due within one year

2026

2025

£

£

Trade receivables

738,543

1,044,565

Other receivables

3,047

3,985

741,590

1,048,550

8.

Payables: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

854

41,186

Hire purchase contracts (see note 10)

85,401

100,812

Trade payables

239,002

284,417

Taxation and social security

238,003

266,490

Other payables

200,257

217,064

763,517

909,969

Within other payables there is a balance of £48,336 owing to Mrs D Graham who is a shareholder of the company (2025: £39,977). This loan is interest free and repayable on demand.

9.

Payables: amounts falling due after more than one year

2026

2025

£

£

Bank loans

-

2,968

Hire purchase contracts (see note 10)

92,539

166,609

92,539

169,577

10.	Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2026

2025

£

£

Net obligations repayable:

Within one year

85,401

100,812

Between one and five years

92,539

166,609

177,940

267,421

11.	Provisions for liabilities

2026

2025

£

£

Deferred tax

Land and buildings revaluation

22,046

22,046

Plant and machinery

131,768

142,227

153,814

164,273

Deferred tax

£

Balance at 1 June 2025

164,273

Credit to Income statement during year

(10,459

)

Balance at 31 May 2026

153,814

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

NIL

Ordinary Shares

£1

-

100

100

Ordinary A, B, C and D class

shares

£1

100

-

100

100

During the year 100 Ordinary £1 shares were redesignated to Class A, Class B, Class C and Class D £1 Ordinary shares. The redesignation did not result in any change to the total number of shares in issue or the aggregate nominal value of the company's issued share capital.

13.

Reserves

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 June 2025

1,330,345

59,990

202,426

1,592,761

Profit for the year

303,341

303,341

Dividends

(76,000

)

(76,000

)

Revaluation of land and

buildings

-

-

9,571

9,571

At 31 May 2026

1,557,686

59,990

211,997

1,829,673

14.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

£

Mr A Graham

Balance outstanding at start of year

(36,279

)

(48,644

)

Amounts advanced

24,900

37,365

Amounts repaid

(25,000

)

(25,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(36,379

)

(36,279

)

Mrs G Canavan

Balance outstanding at start of year

(11,161

)

(11,269

)

Amounts advanced

16,577

16,608

Amounts repaid

(16,500

)

(16,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,084

)

(11,161

)

Mr R Graham

Balance outstanding at start of year

(3,371

)

(1,436

)

Amounts advanced

600

2,565

Amounts repaid

(4,500

)

(4,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,271

)

(3,371

)