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REGISTERED NUMBER: NI674641 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

O'Reilly Mechanical Installations Ltd

O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'Reilly Mechanical Installations Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D O'Reilly





REGISTERED OFFICE: 19 Drummanmore Road
Kilkeel
Co. Down
BT34 4LU





REGISTERED NUMBER: NI674641 (Northern Ireland)





ACCOUNTANT: E M Sheehan Limited
Chartered Certified Accountants
T/A E M Sheehan & Co
30A Greencastle Street
Kilkeel
Co. Down
BT34 4BH

O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,323 30,439

CURRENT ASSETS
Debtors 5 27,863 25,882
Cash at bank 12,510 21,550
40,373 47,432
CREDITORS
Amounts falling due within one year 6 18,923 32,630
NET CURRENT ASSETS 21,450 14,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,773

45,241

CREDITORS
Amounts falling due after more than
one year

7

21,958

5,550
NET ASSETS 48,815 39,691

O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,715 39,591
48,815 39,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 July 2024 and were signed by:





D O'Reilly - Director


O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

O'Reilly Mechanical Installations Ltd 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.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

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.


O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 44,297 - 44,297
Additions 26,441 617 27,058
At 31 January 2024 70,738 617 71,355
DEPRECIATION
At 1 February 2023 13,858 - 13,858
Charge for year 8,054 120 8,174
At 31 January 2024 21,912 120 22,032
NET BOOK VALUE
At 31 January 2024 48,826 497 49,323
At 31 January 2023 30,439 - 30,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Trade debtors 13,294 4,658
Other debtors 14,569 21,224
27,863 25,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 6,345 8,606
Trade creditors 580 544
Taxation and social security 10,369 11,975
Other creditors 1,629 11,505
18,923 32,630

O'Reilly Mechanical Installations Ltd (Registered number: NI674641)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 21,958 5,550