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Registered number: 07933918

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
DIRECTORS
J P O'Brien
K O'Brien
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07933918
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

O'Brien Engineering Consultancy Ltd

ACCOUNTS
FOR THEYEARENDED29/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

O'Brien Engineering Consultancy Ltd

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets234,30231,829
CURRENT ASSETS
Stock12,50012,700
Debtors435,82221,098
Cash at bank and in hand18,93218,737
67,25452,535
CREDITORS: Amounts falling due within one year542,30439,964
NET CURRENT ASSETS24,95012,571
TOTAL ASSETS LESS CURRENT LIABILITIES59,25244,400
CREDITORS: Amounts falling due after more than one year67,792-
PROVISIONS FOR LIABILITIES AND CHARGES86,5185,975
NET ASSETS44,94238,425
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account44,93238,415
SHAREHOLDERS' FUNDS44,94238,425
For the year ending 29/02/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/04/2024 and signed on their behalf by
.............................
J P O'Brien
Director

O'Brien Engineering Consultancy Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d.
1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

O'Brien Engineering Consultancy Ltd

1f. Financial Instrument
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/03/202313,03845,931-22,71881,687
Additions313-3,1107,83011,253
At 29/02/202413,35145,9313,11030,54892,940
Depreciation
At 01/03/20232,63832,927-14,29349,858
For the year2,6583,251722,7998,780
At 29/02/20245,29636,1787217,09258,638
Net Book Amounts
At 29/02/20248,0559,7533,03813,45634,302
At 28/02/202310,40013,004-8,42531,829
3. STOCK 20242023
££
Stock comprises:
Stock12,50012,700
12,50012,700
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors35,82221,098
35,82221,098

O'Brien Engineering Consultancy Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,545434
VAT1,8251,851
PAYE control138-
Directors current account - JP O'Brien29,20714,757
Directors current account - KA O'Brien3,142-
Loans5,50017,865
Trade creditors-4,110
Accruals947947
42,30439,964
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr7,792-
7,792-
7. EMPLOYEES
20242023
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation6,5185,975
6,5185,975

O'Brien Engineering Consultancy Ltd

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010