Registered number
09551892
J W O'DOWD LTD
Filleted Accounts
30 April 2024
J W O'DOWD LTD
Registered number: 09551892
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 61,994 52,629
Investment property 4 12,945 -
74,939 52,629
Current assets
Stocks 11,200 10,000
Debtors 5 3,729 7,566
Cash at bank and in hand 276,154 237,900
291,083 255,466
Creditors: amounts falling due within one year 6 (92,456) (83,612)
Net current assets 198,627 171,854
Total assets less current liabilities 273,566 224,483
Provisions for liabilities (15,120) (9,999)
Net assets 258,446 214,484
Capital and reserves
Called up share capital 100 100
Profit and loss account 258,346 214,384
Shareholders' funds 258,446 214,484
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.
J O'Dowd
Director
Approved by the board on 25 October 2024
J W O'DOWD LTD
Notes to the Accounts
for the year ended 30 April 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 (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 26,030 78,996 105,026
Additions 1,191 29,300 30,491
Disposals - (10,300) (10,300)
At 30 April 2024 27,221 97,996 125,217
Depreciation
At 1 May 2023 7,554 44,843 52,397
Charge for the year 3,933 15,420 19,353
On disposals - (8,527) (8,527)
At 30 April 2024 11,487 51,736 63,223
Net book value
At 30 April 2024 15,734 46,260 61,994
At 30 April 2023 18,476 34,153 52,629
4 Investment property
Freehold
Investment
Property
£
Cost
Additions 12,945
At 30 April 2024 12,945
On the 30 April 2024 the directors valued the investment property at £12,945 on an open market value for existing use basis.
5 Debtors 2024 2023
£ £
Trade debtors 2,896 7,566
Other debtors 833 -
3,729 7,566
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,863
Trade creditors 18,506 17,862
Taxation and social security costs 71,140 59,684
Other creditors 2,810 3,203
92,456 83,612
7 Related party transactions
There is an amount owed to the director being the director's loan account of £360 (2023 £803)
8 Other information
J W O'DOWD LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7
36-38 Woodbridge Road
Rushmere St Andrew
Ipswich
IP5 1BH
J W O'DOWD LTD 09551892 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 J O'Dowd No description of principal activity 09551892 2022-05-01 2023-04-30 09551892 core:WithinOneYear 2023-04-30 09551892 core:ShareCapital 2023-04-30 09551892 core:RetainedEarningsAccumulatedLosses 2023-04-30 09551892 2023-05-01 2024-04-30 09551892 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09551892 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09551892 bus:Director40 2023-05-01 2024-04-30 09551892 1 2023-05-01 2024-04-30 09551892 2 2023-05-01 2024-04-30 09551892 core:PlantMachinery 2023-05-01 2024-04-30 09551892 core:Vehicles 2023-05-01 2024-04-30 09551892 countries:England 2023-05-01 2024-04-30 09551892 bus:FRS102 2023-05-01 2024-04-30 09551892 bus:FilletedAccounts 2023-05-01 2024-04-30 09551892 2024-04-30 09551892 core:WithinOneYear 2024-04-30 09551892 core:ShareCapital 2024-04-30 09551892 core:RetainedEarningsAccumulatedLosses 2024-04-30 09551892 core:PlantMachinery 2024-04-30 09551892 core:Vehicles 2024-04-30 09551892 core:AdditionsToInvestments 2024-04-30 09551892 2023-04-30 09551892 core:PlantMachinery 2023-04-30 09551892 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure