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Registered number: 07933918

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
J P O'Brien
K O'Brien
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07933918
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

O'Brien Engineering Consultancy Ltd

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets231,82925,400
CURRENT ASSETS
Stock12,700-
Debtors421,09822,721
Cash at bank and in hand18,73728,896
52,53551,617
CREDITORS: Amounts falling due within one year539,96440,321
NET CURRENT ASSETS12,57111,296
TOTAL ASSETS LESS CURRENT LIABILITIES44,40036,696
PROVISIONS FOR LIABILITIES AND CHARGES75,9754,826
NET ASSETS38,42531,870
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account38,41531,860
SHAREHOLDERS' FUNDS38,42531,870
For the year ending 28/02/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/07/2023 and signed on their behalf by
.............................
J P O'Brien
Director

O'Brien Engineering Consultancy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d.
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

O'Brien Engineering Consultancy Ltd

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/03/20222,21945,93119,65367,803
Additions10,820-3,06513,885
At 28/02/202313,03945,93122,71881,688
Depreciation
At 01/03/20221,92028,59211,89142,403
For the year7194,3352,4027,456
At 28/02/20232,63932,92714,29349,859
Net Book Amounts
At 28/02/202310,40013,0048,42531,829
At 28/02/202229917,3397,76225,400
3. STOCK 20232022
££
Stock comprises:
Stock12,700-
12,700-
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors21,09821,762
VAT-959
21,09822,721

O'Brien Engineering Consultancy Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4342,752
VAT1,851-
Directors current account14,75712,648
Loans17,86523,909
Trade creditors4,110-
Accruals9471,012
39,96440,321
6. EMPLOYEES
20232022
No.No.
Average number of employees22
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation5,9754,826
5,9754,826
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010