J M O'Connor Building Contractors Limited 04598378 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is that of building contractors Digita Accounts Production Advanced 6.30.9574.0 true 04598378 2023-12-01 2024-11-30 04598378 2024-11-30 04598378 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-11-30 04598378 core:RetainedEarningsAccumulatedLosses 2024-11-30 04598378 core:ShareCapital 2024-11-30 04598378 core:CurrentFinancialInstruments 2024-11-30 04598378 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 04598378 core:MotorVehicles 2024-11-30 04598378 core:PlantMachinery 2024-11-30 04598378 bus:SmallEntities 2023-12-01 2024-11-30 04598378 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04598378 bus:FilletedAccounts 2023-12-01 2024-11-30 04598378 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 04598378 bus:RegisteredOffice 2023-12-01 2024-11-30 04598378 bus:Director1 2023-12-01 2024-11-30 04598378 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-12-01 2024-11-30 04598378 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04598378 core:MotorVehicles 2023-12-01 2024-11-30 04598378 core:PlantMachinery 2023-12-01 2024-11-30 04598378 countries:England 2023-12-01 2024-11-30 04598378 2023-11-30 04598378 core:MotorVehicles 2023-11-30 04598378 core:PlantMachinery 2023-11-30 04598378 2022-12-01 2023-11-30 04598378 2023-11-30 04598378 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-11-30 04598378 core:RetainedEarningsAccumulatedLosses 2023-11-30 04598378 core:ShareCapital 2023-11-30 04598378 core:CurrentFinancialInstruments 2023-11-30 04598378 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 04598378 core:MotorVehicles 2023-11-30 04598378 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04598378

J M O'Connor Building Contractors Limited

Information for Filing with The Registrar

30 November 2024

 

J M O'Connor Building Contractors Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Accounts

3 to 6

 

J M O'Connor Building Contractors Limited

(Registration number: 04598378)

Balance Sheet

30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,751

9,294

Current assets

 

Stocks

5

275,215

123,215

Debtors

6

16,454

34,325

Cash at bank and in hand

 

782,890

868,900

 

1,074,559

1,026,440

Creditors: Amounts falling due within one year

7

(51,545)

(53,147)

Net current assets

 

1,023,014

973,293

Total assets less current liabilities

 

1,027,765

982,587

Provisions for liabilities

(1,093)

(2,045)

Net assets

 

1,026,672

980,542

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

1,026,671

980,541

Shareholders' funds

 

1,026,672

980,542

 

J M O'Connor Building Contractors Limited

(Registration number: 04598378)

Balance Sheet

30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025.
 

.........................................
J.M. O'Connor
Director

 

J M O'Connor Building Contractors Limited

Notes to the Unaudited Accounts

Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20 Kirkgate
Sherburn in Elmet
Leeds
North Yorkshire
LS25 6BL

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are recognised as income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises corporation and deferred tax.

The current corporation 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

J M O'Connor Building Contractors Limited

Notes to the Unaudited Accounts

Year Ended 30 November 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

4 years straight line basis

Plant & machinery

10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

J M O'Connor Building Contractors Limited

Notes to the Unaudited Accounts

Year Ended 30 November 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year, was 6 (2023 - 6).

4

Tangible assets

Plant and machinery
£

Motor
vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

9,798

86,722

96,520

At 30 November 2024

9,798

86,722

96,520

Depreciation

At 1 December 2023

8,025

79,201

87,226

Charge for the year

620

3,923

4,543

At 30 November 2024

8,645

83,124

91,769

Carrying amount

At 30 November 2024

1,153

3,598

4,751

At 30 November 2023

1,773

7,521

9,294

5

Stocks

2024
£

2023
£

Other inventories

275,215

123,215

 

J M O'Connor Building Contractors Limited

Notes to the Unaudited Accounts

Year Ended 30 November 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,220

32,251

Prepayments

2,234

2,074

 

16,454

34,325

7

Creditors

2024
£

2023
£

Due within one year

 

Trade creditors

 

12,021

6,492

Amounts due to related parties

1,699

61

Taxation and social security

 

34,237

43,506

Other creditors

 

3,588

3,088

 

51,545

53,147

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1