Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03497643 2023-04-01 2024-03-31 03497643 2022-04-01 2023-03-31 03497643 2024-03-31 03497643 2023-03-31 03497643 c:Director1 2023-04-01 2024-03-31 03497643 c:Director2 2023-04-01 2024-03-31 03497643 c:RegisteredOffice 2023-04-01 2024-03-31 03497643 d:PlantMachinery 2023-04-01 2024-03-31 03497643 d:PlantMachinery 2024-03-31 03497643 d:PlantMachinery 2023-03-31 03497643 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03497643 d:MotorVehicles 2023-04-01 2024-03-31 03497643 d:MotorVehicles 2024-03-31 03497643 d:MotorVehicles 2023-03-31 03497643 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03497643 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03497643 d:CurrentFinancialInstruments 2024-03-31 03497643 d:CurrentFinancialInstruments 2023-03-31 03497643 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03497643 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03497643 d:ShareCapital 2024-03-31 03497643 d:ShareCapital 2023-03-31 03497643 d:RetainedEarningsAccumulatedLosses 2024-03-31 03497643 d:RetainedEarningsAccumulatedLosses 2023-03-31 03497643 c:FRS102 2023-04-01 2024-03-31 03497643 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03497643 c:FullAccounts 2023-04-01 2024-03-31 03497643 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03497643 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 03497643







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


O’REILLY PLASTERING LIMITED






































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O’REILLY PLASTERING LIMITED
 


 
COMPANY INFORMATION


Directors
J M O'Reilly 
M O'Reilly 




Registered number
03497643



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

Surrey

TW18 4BP




Trading Address
101 Gore Road

Burnham

Buckinghamshire

SL1 7DF






Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


O’REILLY PLASTERING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 


O’REILLY PLASTERING LIMITED
REGISTERED NUMBER:03497643



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
583
6,059

  
583
6,059

Current assets
  

Stocks
  
108
712

Debtors: amounts falling due within one year
 5 
11,255
54,376

Cash at bank and in hand
  
12,947
-

  
24,310
55,088

Creditors: amounts falling due within one year
 6 
(63,312)
(45,320)

Net current (liabilities)/assets
  
 
 
(39,002)
 
 
9,768

Total assets less current liabilities
  
(38,419)
15,827

  

Net (liabilities)/assets
  
(38,419)
15,827


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(38,519)
15,727

  
(38,419)
15,827


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

M O'Reilly
Director
Date: 4 February 2025

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 


O’REILLY PLASTERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

O'Reilly Plastering Limited is a private company limited by shares and incorporated in England and Wales. The registered office address and trading address is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is generated through the provision of plastering services. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


Page 2

 


O’REILLY PLASTERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 


O’REILLY PLASTERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
1,985
16,983
18,968


Disposals
-
(16,983)
(16,983)



At 31 March 2024

1,985
-
1,985



Depreciation


At 1 April 2023
1,299
11,610
12,909


Charge for the year on owned assets
103
-
103


Disposals
-
(11,610)
(11,610)



At 31 March 2024

1,402
-
1,402



Net book value



At 31 March 2024
583
-
583



At 31 March 2023
686
5,373
6,059


5.


Debtors

2024
2023
£
£


Other debtors
10,685
38,381

Prepayments and accrued income
570
15,995

11,255
54,376



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
16,093

Trade creditors
11,393
25,352

Other creditors
45,954
-

Accruals and deferred income
5,965
3,875

63,312
45,320


Page 4

 


O’REILLY PLASTERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Transactions with directors

At the year end the company owed the directors £45,954 (2023: the directors owed the company £5,199). 

2024
2023
£
£
Balance at the start of the year

5,199

10,000
 
Amount advanced

8,927

14,149
 
Amount repaid

(60,080)

(18,950)
 
(45,954)

5,199
 

 
Page 5