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REGISTERED NUMBER: 02590791 (England and Wales)















O'BOYLE CIVIL ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






O'BOYLE CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 02590791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


O'BOYLE CIVIL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: R J O'Boyle





SECRETARY: R J O'Boyle





REGISTERED OFFICE: Unit 1 Riverside Enterprise Park
Skellingthorpe Road
Saxilby
Lincoln
Lincolnshire
LN1 2FU





REGISTERED NUMBER: 02590791 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

O'BOYLE CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 02590791)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 343,131 406,159

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 423,731 379,693
Cash at bank and in hand 62,842 182,457
487,573 563,150
CREDITORS
Amounts falling due within one year 6 103,201 129,189
NET CURRENT ASSETS 384,372 433,961
TOTAL ASSETS LESS CURRENT LIABILITIES 727,503 840,120

CREDITORS
Amounts falling due after more than one year 7 (25,766 ) (22,851 )

PROVISIONS FOR LIABILITIES (72,683 ) (100,248 )
NET ASSETS 629,054 717,021

CAPITAL AND RESERVES
Called up share capital 8 430 430
Retained earnings 628,624 716,591
SHAREHOLDERS' FUNDS 629,054 717,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 March 2025 and were signed by:





R J O'Boyle - Director


O'BOYLE CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 02590791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

O'Boyle Civil Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from the provision of civil engineering services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the degree of completion.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses incurred that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 2% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and and estimated selling price less costs to complete and sell. Cost includes all costs of purchases, costs of conversion and all other costs incurred in bringing work in progress to its present condition. Cost is calculated using the first-in, first-out formula.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

O'BOYLE CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 02590791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases re depreciated over their estimated useful lives of the lease term, whichever is the shorter

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of future payments is treated as a liability.

Rental paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 982,489
Additions 138,880
Disposals (121,094 )
At 30 November 2024 1,000,275
DEPRECIATION
At 1 December 2023 576,330
Charge for year 109,823
Eliminated on disposal (29,009 )
At 30 November 2024 657,144
NET BOOK VALUE
At 30 November 2024 343,131
At 30 November 2023 406,159

The net book value of tangible fixed assets includes £ 78,223 (2023 - £ 54,350 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,230 -
Amounts recoverable on contract 5,285 19,164
Other debtors 346,216 360,529
423,731 379,693

O'BOYLE CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 02590791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 19,775 17,838
Trade creditors 18,095 67,894
Taxation and social security 50,886 14,218
Other creditors 4,445 19,239
103,201 129,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,000 15,000
Hire purchase contracts 20,766 7,851
25,766 22,851

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
33,000 Class E £0.01 330 330
430 430

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have a directors' loan accounts totalling £152,041 overdrawn brought forward (2023: £204,200 overdrawn). During the year, the directors of the company borrowed £160,681 (2023: £145,396) from the company and repaid £178,580 (2023: £197,555). The balance at the end of the year totalled £134,142 overdrawn (2023: £152,041 overdrawn).