Registered number: 08400333 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
O'Sullivan & Edmonds Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Stoke on Trent | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08400333 | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
O'Sullivan & Edmonds Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 |
O'Sullivan & Edmonds Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
197,012 | 112,235 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 98,601 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 60,655 | 71,388 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Capital redemption reserve | 9 | |||||||||
Profit and loss account | 221,134 | 169,135 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
O'Sullivan & Edmonds Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Philip Edmonds | ||||||||||
Director | ||||||||||
O'Sullivan & Edmonds Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
O'Sullivan & Edmonds Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2022 | 231,389 | 67,555 | 580 | 299,524 | ||||
Additions | 42,785 | 19,245 | - | 62,030 | ||||
Disposals | (33,150) | (21,000) | - | (54,150) | ||||
At 31/03/2023 | 241,024 | 65,800 | 580 | 307,404 | ||||
Depreciation | ||||||||
At 01/04/2022 | 110,754 | 12,849 | 579 | 124,182 | ||||
Disposals | (15,816) | (5,250) | - | (21,066) | ||||
For the year | 27,610 | 10,541 | - | 38,151 | ||||
At 31/03/2023 | 122,548 | 18,140 | 579 | 141,267 | ||||
Net Book Amounts | ||||||||
At 31/03/2023 | 166,137 | |||||||
At 31/03/2022 | 175,342 | |||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 13,774 | 26,087 | ||||||
UK corporation tax | - | 3,161 | ||||||
PAYE control | 34,537 | 35,727 | ||||||
Prepayments | 5,878 | 3,342 | ||||||
54,189 | 68,317 | |||||||
O'Sullivan & Edmonds Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 18,223 | - | ||||||
VAT | 1,149 | 822 | ||||||
Directors current account - P Edmonds | 3,655 | 3,135 | ||||||
Directors current account - L O'Sullivan | 4,020 | 3,501 | ||||||
Bank Loan | 7,290 | 4,050 | ||||||
Trade creditors | 609 | - | ||||||
Other creditors | 12,614 | - | ||||||
Accruals | 2,129 | 2,126 | ||||||
49,689 | 13,634 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 20,655 | 31,388 | ||||||
Other creditors > 1yr | 40,000 | 40,000 | ||||||
60,655 | 71,388 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 31,566 | 33,315 | ||||||
31,566 | 33,315 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
O'Sullivan & Edmonds Limited | ||||||||
9. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Capital redemption reserve | 5 | 5 | ||||
5 | 5 | |||||