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REGISTERED NUMBER: 11247470 (England and Wales)

















Obrien Roofing Ltd

Financial Statements

for the Year Ended 31 May 2023






Obrien Roofing Ltd (Registered number: 11247470)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Obrien Roofing Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: D J O'Brien
N Downton
K Crane





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 11247470 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

Obrien Roofing Ltd (Registered number: 11247470)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 133,593 107,493

CURRENT ASSETS
Stocks 62,026 99,277
Debtors 5 291,267 247,127
Cash at bank 280,468 339,445
633,761 685,849
CREDITORS
Amounts falling due within one year 6 419,800 461,652
NET CURRENT ASSETS 213,961 224,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,554

331,690

CREDITORS
Amounts falling due after more than one
year

7

(92,756

)

(77,193

)

PROVISIONS FOR LIABILITIES (32,062 ) (20,424 )
NET ASSETS 222,736 234,073

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 222,726 234,063
SHAREHOLDERS' FUNDS 222,736 234,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 16 February 2024 and were signed on its behalf by:




D J O'Brien - Director N Downton - Director




K Crane - Director


Obrien Roofing Ltd (Registered number: 11247470)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

Obrien Roofing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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.
Plant and machinery - 15% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 or other future taxable profits.

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.

Obrien Roofing Ltd (Registered number: 11247470)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2022 9,625 7,595 160,355 177,575
Additions 597 - 69,083 69,680
At 31 May 2023 10,222 7,595 229,438 247,255
DEPRECIATION
At 1 June 2022 3,094 4,167 62,821 70,082
Charge for year 1,069 857 41,654 43,580
At 31 May 2023 4,163 5,024 104,475 113,662
NET BOOK VALUE
At 31 May 2023 6,059 2,571 124,963 133,593
At 31 May 2022 6,531 3,428 97,534 107,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 73,988
Additions 65,000
At 31 May 2023 138,988
DEPRECIATION
At 1 June 2022 24,984
Charge for year 28,501
At 31 May 2023 53,485
NET BOOK VALUE
At 31 May 2023 85,503
At 31 May 2022 49,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 289,500 245,977
Other debtors 1,767 1,150
291,267 247,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 27,532 14,789
Trade creditors 251,106 277,006
Taxation and social security 111,401 150,353
Other creditors 19,761 9,504
419,800 461,652

Obrien Roofing Ltd (Registered number: 11247470)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 72,756 47,193
92,756 77,193

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 100,288 61,982

Hire purchase liabilities are secured on the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £4,354.