Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 NI046440 Mr John O'Connell Mr Seamus O'Connell Mr John O'Connell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI046440 2023-03-31 NI046440 2024-03-31 NI046440 2023-04-01 2024-03-31 NI046440 frs-core:Non-currentFinancialInstruments 2024-03-31 NI046440 frs-core:ComputerEquipment 2023-04-01 2024-03-31 NI046440 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 NI046440 frs-core:MotorVehicles 2023-04-01 2024-03-31 NI046440 frs-core:PlantMachinery 2023-04-01 2024-03-31 NI046440 frs-core:ShareCapital 2024-03-31 NI046440 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI046440 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI046440 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 NI046440 frs-bus:SmallEntities 2023-04-01 2024-03-31 NI046440 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI046440 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI046440 frs-bus:Director1 2023-04-01 2024-03-31 NI046440 frs-bus:Director2 2023-04-01 2024-03-31 NI046440 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 NI046440 frs-countries:NorthernIreland 2023-04-01 2024-03-31 NI046440 2022-03-31 NI046440 2023-03-31 NI046440 2022-04-01 2023-03-31 NI046440 frs-core:Non-currentFinancialInstruments 2023-03-31 NI046440 frs-core:ShareCapital 2023-03-31 NI046440 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: NI046440
O'Connells Garage Ltd
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
J.A.McNicholl & Company Ltd
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: NI046440
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 742,351 709,837
742,351 709,837
CURRENT ASSETS
Stocks 498,070 426,250
Debtors 280,522 292,098
778,592 718,348
Creditors: Amounts Falling Due Within One Year (566,212 ) (520,869 )
NET CURRENT ASSETS (LIABILITIES) 212,380 197,479
TOTAL ASSETS LESS CURRENT LIABILITIES 954,731 907,316
Creditors: Amounts Falling Due After More Than One Year (38,832 ) (47,843 )
NET ASSETS 915,899 859,473
CAPITAL AND RESERVES
Called up share capital 5 600 600
Income Statement 915,299 858,873
SHAREHOLDERS' FUNDS 915,899 859,473
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John O'Connell
Director
25/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
O'Connells Garage Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI046440 . The registered office is 1 Kilrea Road, Garvagh, Coleraine, BT51 5LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 20%
Motor Vehicles 20%
Computer Equipment 20%
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 959,725
Additions 98,389
As at 31 March 2024 1,058,114
Depreciation
As at 1 April 2023 249,888
Provided during the period 65,875
As at 31 March 2024 315,763
Net Book Value
As at 31 March 2024 742,351
As at 1 April 2023 709,837
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
Page 4