R.M. O'NEILL LIMITED

Company Registration Number:
SC393078 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

R.M. O'NEILL LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

R.M. O'NEILL LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 391 318
Total fixed assets: 391 318
Current assets
Debtors:   163,182 180,262
Cash at bank and in hand: 2,685 5,408
Total current assets: 165,867 185,670
Creditors: amounts falling due within one year: 4 (44,897) (39,192)
Net current assets (liabilities): 120,970 146,478
Total assets less current liabilities: 121,361 146,796
Creditors: amounts falling due after more than one year: 5 (9,039) (15,159)
Provision for liabilities: (74) (60)
Total net assets (liabilities): 112,248 131,577
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 112,246 131,575
Shareholders funds: 112,248 131,577

The notes form part of these financial statements

R.M. O'NEILL LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: Richard Mackay O'Neill
Status: Director

The notes form part of these financial statements

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 3,865
Additions 586
At 31 January 2024 4,451
Depreciation
At 01 February 2023 3,547
Charge for year 513
At 31 January 2024 4,060
Net book value
At 31 January 2024 391
At 31 January 2023 318

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

Bank loans 2024 - £6,000 2023 - £6,000 Taxation and soc sec 37,497 31,365 Other creditors 1,400 1,827 Total 44,897 39,192

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

Bank loan 2024 - £9,039 2023 - £15,159

R.M. O'NEILL LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Loans to directors

Included within other debtors is a loan to the directors of £163,182 (2023 - £180,136). The loan is unsecured, interest free and repayable on demand. During the year dividends of £59,000 were paid to the directors.