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OHAGAN TRADING LTD

Registered Number
NI665807
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 December 2023

OHAGAN TRADING LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Damien O'Hagan

Registered Address

18 Creggan Road
Londonderry
BT48 9BX

Registered Number

NI665807 (Northern Ireland)
OHAGAN TRADING LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets339,79637,573
39,79637,573
Current assets
Stocks6,6006,455
Debtors11,5499,794
Cash at bank and on hand2,4462,757
20,59519,006
Creditors amounts falling due within one year(5,908)(7,179)
Net current assets (liabilities)14,68711,827
Total assets less current liabilities54,48349,400
Creditors amounts falling due after one year(45,871)(48,744)
Net assets8,612656
Capital and reserves
Called up share capital11
Profit and loss account8,611655
Shareholders' funds8,612656
The financial statements were approved and authorised for issue by the Director on 23 September 2024, and are signed on its behalf by:
Damien O'Hagan
Director
Registered Company No. NI665807
OHAGAN TRADING LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures & Fittings -20% Straight Line
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2360,586
Additions8,406
At 31 December 2368,992
Depreciation and impairment
At 01 January 2323,014
Charge for year6,182
At 31 December 2329,196
Net book value
At 31 December 2339,796
At 31 December 2237,573