Registered number
09673935
O'Brien Moran and Company Limited
Report and Accounts
30 June 2024
O'Brien Moran and Company Limited
Registered number: 09673935
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 114,366 65,269
Current assets
Debtors 5 996,875 1,625,182
Cash at bank and in hand 1,515,804 684,839
2,512,679 2,310,021
Creditors: amounts falling due within one year 6 (1,414,911) (1,135,806)
Net current assets 1,097,768 1,174,215
Total assets less current liabilities 1,212,134 1,239,484
Creditors: amounts falling due after more than one year 7 (42,401) (19,609)
Net assets 1,169,733 1,219,875
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,169,731 1,219,873
Shareholders' funds 1,169,733 1,219,875
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David O Brien
Director
Approved by the board on 4 November 2024
O'Brien Moran and Company Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 10,000
At 30 June 2024 10,000
Amortisation
At 1 July 2023 10,000
At 30 June 2024 10,000
Net book value
At 30 June 2024 -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 1,860 102,369 104,229
Additions - 123,101 123,101
Disposals - (73,874) (73,874)
At 30 June 2024 1,860 151,596 153,456
Depreciation
At 1 July 2023 1,344 37,616 38,960
Charge for the year 103 28,488 28,591
On disposals - (28,461) (28,461)
At 30 June 2024 1,447 37,643 39,090
Net book value
At 30 June 2024 413 113,953 114,366
At 30 June 2023 516 64,753 65,269
5 Debtors 2024 2023
£ £
Trade debtors 888,303 1,554,531
Other debtors 108,572 70,651
996,875 1,625,182
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,998 29,850
Trade creditors 533,484 704,586
Directors account 538 3,491
Corporation tax 234,345 143,488
Other taxes and social security costs 348,230 199,050
Other creditors 282,316 55,341
1,414,911 1,135,806
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 42,401 19,609
8 Other information
O'Brien Moran and Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
71 - 75 Shelton Street,
Covent Garden
London
WC2H 9JQ
O'Brien Moran and Company Limited 09673935 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 David O Brien No description of principal activity 09673935 2022-07-01 2023-06-30 09673935 core:WithinOneYear 2023-06-30 09673935 core:AfterOneYear 2023-06-30 09673935 core:ShareCapital 2023-06-30 09673935 core:RetainedEarningsAccumulatedLosses 2023-06-30 09673935 2023-07-01 2024-06-30 09673935 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09673935 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09673935 bus:Director40 2023-07-01 2024-06-30 09673935 1 2023-07-01 2024-06-30 09673935 2 2023-07-01 2024-06-30 09673935 core:PlantMachinery 2023-07-01 2024-06-30 09673935 core:Vehicles 2023-07-01 2024-06-30 09673935 countries:England 2023-07-01 2024-06-30 09673935 bus:FRS102 2023-07-01 2024-06-30 09673935 bus:FilletedAccounts 2023-07-01 2024-06-30 09673935 2024-06-30 09673935 core:WithinOneYear 2024-06-30 09673935 core:AfterOneYear 2024-06-30 09673935 core:ShareCapital 2024-06-30 09673935 core:RetainedEarningsAccumulatedLosses 2024-06-30 09673935 core:Goodwill 2024-06-30 09673935 core:PlantMachinery 2024-06-30 09673935 core:Vehicles 2024-06-30 09673935 2023-06-30 09673935 core:Goodwill 2023-06-30 09673935 core:PlantMachinery 2023-06-30 09673935 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure