Company Registration No. NI622572 (Northern Ireland)
O'Kane Farms Limited
Unaudited accounts
for the year ended 31 January 2024
O'Kane Farms Limited
Unaudited accounts
Contents
O'Kane Farms Limited
Company Information
for the year ended 31 January 2024
Directors
Sean Vincent O'Kane
Maria R O'Kane
Company Number
NI622572 (Northern Ireland)
Registered Office
21 Anticur Road
Dunloy
Co Antrim
BT44 9DN
Northern Ireland
Accountants
TAG Accountants (N.I.) Ltd
81a Galgorm Road
Ballymena
Co Antrim
BT42 1AA
O'Kane Farms Limited
Statement of financial position
as at 31 January 2024
Tangible assets
17,422
21,777
Cash at bank and in hand
4,872
624
Creditors: amounts falling due within one year
(32,413)
(35,564)
Net current liabilities
(2,748)
(9,137)
Total assets less current liabilities
14,674
12,640
Provisions for liabilities
Deferred tax
(3,310)
(4,138)
Called up share capital
100
100
Profit and loss account
11,264
8,402
Shareholders' funds
11,364
8,502
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by
Sean Vincent O'Kane
Director
Company Registration No. NI622572
O'Kane Farms Limited
Notes to the Accounts
for the year ended 31 January 2024
O'Kane Farms Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI622572. The registered office is 21 Anticur Road, Dunloy, Co Antrim, BT44 9DN, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
O'Kane Farms Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,246
8,290
Obligations under finance leases and hire purchase contracts
4,168
6,168
Trade creditors
6,726
6,833
Loans from directors
13,023
13,023
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Average number of employees
During the year the average number of employees was 0 (2023: 0).