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REGISTERED NUMBER: SC507527 (Scotland)















Abridged Financial Statements for the Year Ended 30 June 2024

for

A & D O'Donnell Ltd.

A & D O'Donnell Ltd. (Registered number: SC507527)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


A & D O'Donnell Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A O'Donnell
Mrs D O'Donnell





REGISTERED OFFICE: 14 Rutland Square
Edinburgh
Midlothian
EH1 2BD





REGISTERED NUMBER: SC507527 (Scotland)





ACCOUNTANT: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

A & D O'Donnell Ltd. (Registered number: SC507527)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
£    £   
CURRENT ASSETS
Stocks - 950
Debtors 43 60,538
Cash at bank and in hand 341,407 352,754
341,450 414,242
CREDITORS
Amounts falling due within one year 50,310 140,153
NET CURRENT ASSETS 291,140 274,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,140

274,089

PROVISIONS FOR LIABILITIES 2,158 1,744
NET ASSETS 288,982 272,345

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,882 272,245
SHAREHOLDERS' FUNDS 288,982 272,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2024 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





A O'Donnell - Director


A & D O'Donnell Ltd. (Registered number: SC507527)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

A & D O'Donnell Ltd. is a private company, limited by shares , registered in Scotland. 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. 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. Turnover is attributable to the company's principal activity of catering and catering facilities management.

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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and payables, loans from banks and other third
parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the
Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the
impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount
does not exceed what the carrying amount would have been had the impairment not previously been recognised.
The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire
or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to
another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities
are derecognised when the liability is extinguished, that is when the contractual obligation is discharged,
cancelled or expires.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A & D O'Donnell Ltd. (Registered number: SC507527)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
A O'Donnell and Mrs D O'Donnell
Balance outstanding at start of year (31,806 ) (1,216 )
Amounts advanced 92,043 105,343
Amounts repaid (80,391 ) (135,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,154 ) (31,806 )

There were no advances over £10,000 to Mr & Mrs O'Donnell during the year.

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2023 - £20,000) were paid to the directors .