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REGISTERED NUMBER: 06552313 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Simon O'Rourke Ltd

Simon O'Rourke Ltd (Registered number: 06552313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simon O'Rourke Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S J O'Rourke





REGISTERED OFFICE: Berwynfa
Mill Lane
Cefn Mawr
Wrexham
Flintshire
LL14 3NL





REGISTERED NUMBER: 06552313 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Simon O'Rourke Ltd (Registered number: 06552313)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 13,961 16,199
13,961 16,199

CURRENT ASSETS
Inventories 10,000 10,000
Debtors 6 6,361 38,250
Cash at bank 21,989 9,505
38,350 57,755
CREDITORS
Amounts falling due within one year 7 41,983 49,952
NET CURRENT (LIABILITIES)/ASSETS (3,633 ) 7,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,328

24,002

CREDITORS
Amounts falling due after more than one
year

8

(9,334

)

(17,334

)

PROVISIONS FOR LIABILITIES (2,653 ) (2,703 )
NET (LIABILITIES)/ASSETS (1,659 ) 3,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,759 ) 3,865
SHAREHOLDERS' FUNDS (1,659 ) 3,965

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

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

Simon O'Rourke Ltd (Registered number: 06552313)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





Mr S J O'Rourke - Director


Simon O'Rourke Ltd (Registered number: 06552313)

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

1. STATUTORY INFORMATION

Simon O'Rourke 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Freehold property - 3% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Simon O'Rourke Ltd (Registered number: 06552313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,679
AMORTISATION
At 1 April 2023
and 31 March 2024 35,679
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,915 28,224 1,597
DEPRECIATION
At 1 April 2023 597 23,628 923
Charge for year 327 1,149 169
At 31 March 2024 924 24,777 1,092
NET BOOK VALUE
At 31 March 2024 9,991 3,447 505
At 31 March 2023 10,318 4,596 674

Simon O'Rourke Ltd (Registered number: 06552313)

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

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 23,994 5,763 70,493
DEPRECIATION
At 1 April 2023 23,994 5,152 54,294
Charge for year - 593 2,238
At 31 March 2024 23,994 5,745 56,532
NET BOOK VALUE
At 31 March 2024 - 18 13,961
At 31 March 2023 - 611 16,199

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 23,994
DEPRECIATION
At 1 April 2023
and 31 March 2024 23,994
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,601 38,250
Amounts owed by associates 4,000 -
Other debtors 760 -
6,361 38,250

Simon O'Rourke Ltd (Registered number: 06552313)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,005 14,005
Hire purchase contracts - 8,717
Trade creditors 934 502
Taxation and social security 15,669 24,175
Other creditors 11,375 2,553
41,983 49,952

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 9,334 17,334

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 5 5
Hire purchase contracts - 8,717
5 8,722