REGISTERED NUMBER: 04962834 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2024

for

O'Donnell Site Services (NE) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B O'Donnell

SECRETARY:

Ms L Smitheringale

REGISTERED OFFICE:

Willow View

Aislaby Road

Eaglescliffe

STOCKTON-ON-TEES

TS16 0JJ

REGISTERED NUMBER:

04962834 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Tangible assets

4

332,204

439,306

CURRENT ASSETS

Debtors

5

240,215

311,132

Cash at bank and in hand

776,368

186,192

1,016,583

497,324

CREDITORS

Amounts falling due within one year

6

(417,718

)

(78,263

)

NET CURRENT ASSETS

598,865

419,061

TOTAL ASSETS LESS CURRENT LIABILITIES

931,069

858,367

CREDITORS

Amounts falling due after more than one year

7

(28,554

)

(34,647

)

NET ASSETS

902,515

823,720

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

902,511

823,716

902,515

823,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd April 2025 and were signed by:

B O'Donnell - Director

1.	STATUTORY INFORMATION

O'Donnell Site Services (NE) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2023

975,661

Additions

4,308

Disposals

(36,041

)

At 31st March 2024

943,928

DEPRECIATION

At 1st April 2023

536,355

Charge for year

84,379

Eliminated on disposal

(9,010

)

At 31st March 2024

611,724

NET BOOK VALUE

At 31st March 2024

332,204

At 31st March 2023

439,306

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

197,507

120,932

Other debtors

42,708

190,200

240,215

311,132

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,706

5,706

Taxation and social security

93,848

27,045

Other creditors

318,164

45,512

417,718

78,263

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,554

34,647

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,248

10,341

8.	RELATED PARTY DISCLOSURES

At the year end, O'Donnell Site Services owed £315,000 (2023: £0) to Harreb Properties Ltd, an entity over which the director has control. This balance is included within other creditors (note 7).