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REGISTERED NUMBER: 10881386 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

O'CONNELL DEMOLITION LIMITED

O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


O'CONNELL DEMOLITION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr D P O'Connell





REGISTERED OFFICE: 2 Mountside
Stanmore
Middlesex
HA7 2DT





REGISTERED NUMBER: 10881386 (England and Wales)





ACCOUNTANTS: Mountsides Limited
Chartered Accountants
2 Mountside
Stanmore
Middlesex
HA7 2DT

O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 334,885 220,710

CURRENT ASSETS
Debtors 294,240 179,718
Cash at bank and in hand 72,316 447,633
366,556 627,351
CREDITORS
Amounts falling due within one year (107,748 ) (371,992 )
NET CURRENT ASSETS 258,808 255,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,693

476,069

CREDITORS
Amounts falling due after more than one
year

(172,817

)

(165,007

)

PROVISIONS FOR LIABILITIES (63,628 ) (41,935 )
NET ASSETS 357,248 269,127

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 357,148 269,027
SHAREHOLDERS' FUNDS 357,248 269,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed by:





Mr D P O'Connell - Director


O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

O'Connell Demolition Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the invoiced sales of services, excluding value added tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being accrued for.

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 etc - 25% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 286,356
Additions 296,045
Disposals (74,000 )
At 31 October 2023 508,401
DEPRECIATION
At 1 November 2022 65,646
Charge for year 120,203
Eliminated on disposal (12,333 )
At 31 October 2023 173,516
NET BOOK VALUE
At 31 October 2023 334,885
At 31 October 2022 220,710

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 November 2022 286,356
Additions 216,208
Disposals (74,000 )
At 31 October 2023 428,564
DEPRECIATION
At 1 November 2022 65,646
Charge for year 113,549
Eliminated on disposal (12,333 )
At 31 October 2023 166,862
NET BOOK VALUE
At 31 October 2023 261,702
At 31 October 2022 220,710

O'CONNELL DEMOLITION LIMITED (REGISTERED NUMBER: 10881386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 232,200 178,027

Obligations under hire purchase contracts are secured on the respective assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100