Registered number
NI051168
O4O Cookstown Limited
Unaudited Abridged Report and Accounts
31 March 2024
Limited by guarantee and not having a share capital
Registered Charity Number: NIC103340
Accepted as a Charity by H M Revenue & Customs
O4O Cookstown Limited
Registered number: NI051168
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be to facilitate the interest of Social Welfare for the older people in the Cookstown area.
Directors
The following persons served as directors during the year:
Johnston Leslie Cairns - Chairperson
Laura Ringland - Treasurer
Elizabeth Stewart - Secretary
Cyril Gilbert
Jean Donaghy - Appointed 31.01.23
Thomas Alan McClung
Colin Goodman
Hazel Ferguson - Resigned 09.05.23
Margaret Bryson -Appointed 12.09.23
Lillian Jane Ringland - Appointed 12.09.23
Third party indemnity provisions
The directors consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available. On this basis, they consider that it is appropriate to prepare the financial statements on the going concern basis. This assumes that either the funding application is awarded to the charity or that the directors' alternative plans are successful. The financial statements do not include any adjustments that would result if the application were not awarded to the charity and the directors' alternative plans were not successful.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 May 2024 and signed on its behalf.
Johnston Leslie Cairns
Director
O4O Cookstown Limited
Registered number: NI051168
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,551 8,820
Current assets
Stocks 1,655 1,745
Debtors 4 2,975 9,714
Cash at bank and in hand 43,184 9,975
47,814 21,434
Creditors: amounts falling due within one year 5 (13,199) (13,093)
Net current assets/(liabilities) 34,615 8,341
Net Assets/(Liabilities) 55,166 17,161
Capital and reserves
Profit and loss account 55,166 17,161
Shareholders' funds 55,166 17,161
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Laura Ringland
Director
Approved by the board on 15 May 2024
O4O Cookstown Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, donations, membership fees and grants.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated value of items to be used in the cooking and distribution of meals and crafts to the members.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 59,654 15,100 74,754
Additions 1,639 15,000 16,639
Disposals - (3,400) (3,400)
At 31 March 2024 61,293 26,700 87,993
Depreciation
At 1 April 2023 53,765 12,169 65,934
Charge for the year 1,129 2,497 3,626
On disposals - (2,118) (2,118)
At 31 March 2024 54,894 12,548 67,442
Net book value
At 31 March 2024 6,399 14,152 20,551
At 31 March 2023 5,889 2,931 8,820
4 Debtors 2024 2023
£ £
Trade debtors 2,975 9,486
Other debtors - 228
2,975 9,714
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 980 1,000
Taxation and social security costs 126 -
Other creditors 12,093 12,093
13,199 13,093
6 Other information
O4O Cookstown Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
Unit 18-20 Cookstown Enterprise Centre
Derryloran Industrial Estate
Cookstown
Co Tyrone
BT80 9LU
O4O Cookstown Limited NI051168 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 Johnston Leslie Cairns Laura Ringland NI051168 2022-04-01 2023-03-31 NI051168 core:WithinOneYear 2023-03-31 NI051168 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI051168 2023-04-01 2024-03-31 NI051168 bus:RegisteredCharity 2023-04-01 2024-03-31 NI051168 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 NI051168 bus:Director6 2023-04-01 2024-03-31 NI051168 bus:Director4 2023-04-01 2024-03-31 NI051168 bus:Director2 2023-04-01 2024-03-31 NI051168 bus:Director3 2023-04-01 2024-03-31 NI051168 bus:Director5 2023-04-01 2024-03-31 NI051168 bus:Director8 2023-04-01 2024-03-31 NI051168 bus:Director1 2023-04-01 2024-03-31 NI051168 bus:Director40 2023-04-01 2024-03-31 NI051168 bus:Director39 2023-04-01 2024-03-31 NI051168 2 2023-04-01 2024-03-31 NI051168 core:PlantMachinery 2023-04-01 2024-03-31 NI051168 core:Vehicles 2023-04-01 2024-03-31 NI051168 countries:England 2023-04-01 2024-03-31 NI051168 bus:FRS102 2023-04-01 2024-03-31 NI051168 bus:FullAccounts 2023-04-01 2024-03-31 NI051168 2024-03-31 NI051168 core:WithinOneYear 2024-03-31 NI051168 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI051168 core:PlantMachinery 2024-03-31 NI051168 core:Vehicles 2024-03-31 NI051168 2023-03-31 NI051168 core:PlantMachinery 2023-03-31 NI051168 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure