Company Registration No. NI632114 (Northern Ireland)
Patrick F O'Reilly Ltd
Unaudited accounts
for the year ended 31 May 2024
Patrick F O'Reilly Ltd
Unaudited accounts
Contents
Patrick F O'Reilly Ltd
Company Information
for the year ended 31 May 2024
Company Number
NI632114 (Northern Ireland)
Registered Office
4A Abbey Yard
Newry
County Down
BT34 2EG
Northern Ireland
Patrick F O'Reilly Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
58,547
48,424
Cash at bank and in hand
60,417
144,969
Creditors: amounts falling due within one year
46,801
(114,056)
Net current assets
276,078
251,835
Net assets
334,625
300,259
Called up share capital
1
1
Profit and loss account
334,624
300,258
Shareholders' funds
334,625
300,259
For the year ending 31 May 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 19 November 2024 and were signed on its behalf by
Patrick O'Reilly
Director
Company Registration No. NI632114
Patrick F O'Reilly Ltd
Notes to the Accounts
for the year ended 31 May 2024
Patrick F O'Reilly Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI632114. The registered office is 4A Abbey Yard, Newry, County Down, BT34 2EG, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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
Fixtures & fittings
20% Reducing Balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Patrick F O'Reilly Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Total
Charge for the year
12,307
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 9 (2023: 9).