IRIS Accounts Production v24.2.0.383 04482841 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044828412023-04-30044828412024-04-30044828412023-05-012024-04-30044828412022-04-30044828412022-05-012023-04-30044828412023-04-3004482841ns15:EnglandWales2023-05-012024-04-3004482841ns14:PoundSterling2023-05-012024-04-3004482841ns10:Director12023-05-012024-04-3004482841ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004482841ns10:SmallEntities2023-05-012024-04-3004482841ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3004482841ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004482841ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004482841ns10:FullAccounts2023-05-012024-04-3004482841ns10:Director22023-05-012024-04-3004482841ns10:Director32023-05-012024-04-3004482841ns10:CompanySecretary12023-05-012024-04-3004482841ns10:RegisteredOffice2023-05-012024-04-3004482841ns5:CurrentFinancialInstruments2024-04-3004482841ns5:CurrentFinancialInstruments2023-04-3004482841ns5:ShareCapital2024-04-3004482841ns5:ShareCapital2023-04-3004482841ns5:RetainedEarningsAccumulatedLosses2024-04-3004482841ns5:RetainedEarningsAccumulatedLosses2023-04-3004482841ns5:PlantMachinery2023-05-012024-04-3004482841ns5:FurnitureFittings2023-05-012024-04-3004482841ns5:MotorVehicles2023-05-012024-04-3004482841ns5:ComputerEquipment2023-05-012024-04-3004482841ns5:PlantMachinery2023-04-3004482841ns5:PlantMachinery2024-04-3004482841ns5:PlantMachinery2023-04-3004482841ns5:CostValuation2023-04-3004482841ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004482841ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 04482841 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

OFFALY HOLDINGS LIMITED

OFFALY HOLDINGS LIMITED (REGISTERED NUMBER: 04482841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

OFFALY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: L Chivers
L A Chivers
M R Chivers





SECRETARY: M Chivers





REGISTERED OFFICE: Forest Springs
5 The Nightingales
BIDDENDEN
Kent
TN27 8HN





REGISTERED NUMBER: 04482841 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

OFFALY HOLDINGS LIMITED (REGISTERED NUMBER: 04482841)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,546 79,684
Investments 5 2 2
61,548 79,686

CURRENT ASSETS
Debtors 6 824,259 529
Cash at bank 423,665 1,267,206
1,247,924 1,267,735
CREDITORS
Amounts falling due within one year 7 75,738 190,665
NET CURRENT ASSETS 1,172,186 1,077,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,233,734

1,156,756

PROVISIONS FOR LIABILITIES 5,846 9,771
NET ASSETS 1,227,888 1,146,985

CAPITAL AND RESERVES
Called up share capital 2,010 2,010
Retained earnings 1,225,878 1,144,975
SHAREHOLDERS' FUNDS 1,227,888 1,146,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




L Chivers - Director


OFFALY HOLDINGS LIMITED (REGISTERED NUMBER: 04482841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Offaly Holdings 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.

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 directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

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

Turnover is recognised when the company receives the right to consideration.

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 cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Group accounts
The company is entitled to the exemption under section 248 of Companies Act 1985 from the obligation to prepare group accounts. The accounts therefore present information about the company as an individual undertaking and not about the group.

OFFALY HOLDINGS LIMITED (REGISTERED NUMBER: 04482841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 307,275
DEPRECIATION
At 1 May 2023 227,591
Charge for year 18,138
At 30 April 2024 245,729
NET BOOK VALUE
At 30 April 2024 61,546
At 30 April 2023 79,684

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 824,075 -
VAT 184 529
824,259 529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 64,226 134,405
Directors' current accounts 9,413 54,160
Accrued expenses 2,099 2,100
75,738 190,665

8. RELATED PARTY DISCLOSURES

As at the date of the balance sheet, Mr L Chivers was owed £9,413 by the company. There are no terms attached and the loan is repayable on demand. During the year the company invoiced a subsidiary company £517,200 for management charges and plant hire.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OFFALY HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Offaly Holdings Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Offaly Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Offaly Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Offaly Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Offaly Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Offaly Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Offaly Holdings Limited. You consider that Offaly Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Offaly Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ


22 August 2024