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REGISTERED NUMBER: NI047437 (Northern Ireland)















LIAM O'NEILL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LIAM O'NEILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr L O'Neill
Mrs G O'Neill



SECRETARY: Mrs G O'Neill



REGISTERED OFFICE: 48A Derry Road
STRABANE
Co. Tyrone
BT82 8LD



REGISTERED NUMBER: NI047437 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



SOLICITORS: Babingtons
74 Railway Street
STRABANE
Co. Tyrone
BT82 8EQ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LIAM O'NEILL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


Date: .............................................

LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 306,183 345,295
Debtors 5 4,229 9,993
Cash at bank 44,669 43,690
355,081 398,978
CREDITORS
Amounts falling due within one year 6 163,382 181,854
NET CURRENT ASSETS 191,699 217,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,699

217,124

CREDITORS
Amounts falling due after more than one
year

7

727,058

789,066
NET LIABILITIES (535,359 ) (571,942 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (535,559 ) (572,142 )
SHAREHOLDERS' FUNDS (535,359 ) (571,942 )

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

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

The directors acknowledge their 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.

LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)

BALANCE SHEET - continued
31 AUGUST 2024


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 Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





Mrs G O'Neill - Director


LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)

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

1. STATUTORY INFORMATION

Liam O'Neill Limited is a private company, limited by shares , registered in Northern Ireland. 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.

The financial statements are prepared in sterling which is the functional currency of the company.

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
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

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

Plant & machinery - 15% straight line

Stock and work-in-progress
Stocks are valued at the lower of cost and net realisable value.

Net realisable value has been determined by the directors of the company.

Taxation
Taxation for the year comprises current 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
At 1 September 2023
and 31 August 2024 173,405
DEPRECIATION
At 1 September 2023
and 31 August 2024 173,405
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,880 2,880
Other debtors 1,349 7,113
4,229 9,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 29,147 18,809
Taxation and social security 1,172 30
Other creditors 133,063 163,015
163,382 181,854

LIAM O'NEILL LIMITED (REGISTERED NUMBER: NI047437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 727,058 789,066

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 727,058 789,066

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 100,000 100,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company had a loan amounting to £727,058 from members of key management personnel (£789,066 at 1 September 2023).

There is no repayment date for this loan and interest is not currently being charged.

The loan is presented within creditors: amounts falling due after more than one year.

10. RELATED PARTY DISCLOSURES

Liam O'Neill Builders Limited

2024 2023


Amount due to related party at the balance sheet date £ 23,186 £ 52,787