Registered number
NI620589
Oran Oak Engineering Ltd
Report and Unaudited Accounts for the year ended
30 September 2024
Oran Oak Engineering Ltd
Company Information
Directors
Mark Kelly
Aidan Kelly
Patrick Kelly
Colm Kelly
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co. Tyrone
BT78 1DG
Bankers
Bank of Ireland
Campsie
Omagh
Co Tyrone
BT79 0AE
Registered office
33 Dreenan Road
Beragh
Sixmilecross
Co Tyrone
BT79 0SH
Registered number
NI620589
Oran Oak Engineering Ltd
Registered number: NI620589
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,308 7,885
Current assets
Stocks 15,000 21,000
Debtors 5 12,515 11,973
Cash at bank and in hand 6,102 607
33,617 33,580
Creditors: amounts falling due within one year 6 (92,690) (92,597)
Net current liabilities (59,073) (59,017)
Net liabilities (52,765) (51,132)
Capital and reserves
Called up, issued and fully paid share capital 100 100
Revaluation reserve 8 38,324 38,324
Profit and loss account (91,189) (89,556)
Shareholders' funds 10 (52,765) (51,132)
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 under section 444 of the Companies Act 2006.
The notes on pages 6 to 9 form an integral part of the accounts.
Aidan Kelly
Director
Approved by the board on 18 March 2025
Oran Oak Engineering Ltd
Notes to the Accounts
for the year ended 30 September 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.
The financial statements are presented in UK Sterling pounds (£)
Going concern
In carrying out their duties in respect of going concern, the directors have carried out a review of the company's financial position and cash flow forecast for a period of 12 months from the date of signing these financial statements. These have been a comprehensive review of revenue, expenditure and cash flows, taking into consideration business risks and uncertainties brought about by the current economic environment.

Having taken all of the above factors into consideration, the directors have reached the conclusion that the company will continue to meet its day-to-day working capital requirements and continue to adapt the going concern basis of accounting in preparing the annual financial statements.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. 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.
Government grants
Grants are recognised using the accruals basis. Capital grants received and receivable are treated as deferred income and amortised to the profit and loss account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the profit and loss account in the period in which they become receivable.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 45,000
At 30 September 2024 45,000
Amortisation
At 1 October 2023 45,000
At 30 September 2024 45,000
Net book value
At 30 September 2024 -
The patents were written off in equal annual instalments over their estimated economic life of 5 years. No Amortisation has been charged.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 22,238
At 30 September 2024 22,238
Depreciation
At 1 October 2023 14,353
Charge for the year 1,577
At 30 September 2024 15,930
Net book value
At 30 September 2024 6,308
At 30 September 2023 7,885
5 Debtors 2024 2023
£ £
Deferred tax asset 12,357 11,973
Other debtors 158 -
12,515 11,973
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,517 5,090
Trade creditors 1,098 348
Taxes and social security costs - 732
Other creditors 88,075 86,427
92,690 92,597
7 Provision for liabilities
Deferred Taxation
£
At 1 October 2023 (11,973)
Charged to the profit and loss (384)
At 30 September 2024 (12,357)
The provision for deferred taxation is made up as follows:
2024 2023
£ £
Accelerated capital allowances and Corporation Tax losses 384 1,761
384 1,761
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 38,324 38,324
At 30 September 2024 38,324 38,324
9 Directors' advances, credits and guarantees
During the year the directors advanced £1,648, and the company repaid £0 leaving a balance owed to the directors at the year end of £73,125.

The balances are interest free and repayable on demand.
10 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
11 Other information
Oran Oak Engineering Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
33 Dreenan Road
Beragh
Sixmilecross
Co Tyrone
BT79 0SH
Oran Oak Engineering Ltd NI620589 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 No description of principal activity NI620589 2022-10-01 2023-09-30 NI620589 core:WithinOneYear 2023-09-30 NI620589 core:ShareCapital 2023-09-30 NI620589 core:OtherReservesSubtotal 2023-09-30 NI620589 core:RetainedEarningsAccumulatedLosses 2023-09-30 NI620589 core:RevaluationReserve 2022-09-30 NI620589 2023-10-01 2024-09-30 NI620589 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI620589 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI620589 bus:Director1 2023-10-01 2024-09-30 NI620589 bus:Director2 2023-10-01 2024-09-30 NI620589 bus:Director3 2023-10-01 2024-09-30 NI620589 bus:Director4 2023-10-01 2024-09-30 NI620589 1 2023-10-01 2024-09-30 NI620589 2 2023-10-01 2024-09-30 NI620589 core:PlantMachinery 2023-10-01 2024-09-30 NI620589 countries:England 2023-10-01 2024-09-30 NI620589 bus:FRS102 2023-10-01 2024-09-30 NI620589 bus:FilletedAccounts 2023-10-01 2024-09-30 NI620589 2024-09-30 NI620589 core:WithinOneYear 2024-09-30 NI620589 core:ShareCapital 2024-09-30 NI620589 core:OtherReservesSubtotal 2024-09-30 NI620589 core:RetainedEarningsAccumulatedLosses 2024-09-30 NI620589 core:Goodwill 2024-09-30 NI620589 core:PlantMachinery 2024-09-30 NI620589 core:RevaluationReserve 2024-09-30 NI620589 2023-09-30 NI620589 core:Goodwill 2023-09-30 NI620589 core:PlantMachinery 2023-09-30 NI620589 core:RevaluationReserve 2023-09-30 iso4217:GBP xbrli:pure