IRIS Accounts Production v24.3.2.46 NI059986 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0599862023-09-30NI0599862024-09-30NI0599862023-10-012024-09-30NI0599862022-09-30NI0599862022-10-012023-09-30NI0599862023-09-30NI059986ns15:NorthernIreland2023-10-012024-09-30NI059986ns14:PoundSterling2023-10-012024-09-30NI059986ns10:Director12023-10-012024-09-30NI059986ns10:Director22023-10-012024-09-30NI059986ns10:PrivateLimitedCompanyLtd2023-10-012024-09-30NI059986ns10:SmallEntities2023-10-012024-09-30NI059986ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-30NI059986ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-30NI059986ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-30NI059986ns10:FullAccounts2023-10-012024-09-30NI05998612023-10-012024-09-30NI059986ns10:OrdinaryShareClass12023-10-012024-09-30NI059986ns10:RegisteredOffice2023-10-012024-09-30NI059986ns5:CurrentFinancialInstruments2024-09-30NI059986ns5:CurrentFinancialInstruments2023-09-30NI059986ns5:Non-currentFinancialInstruments2024-09-30NI059986ns5:Non-currentFinancialInstruments2023-09-30NI059986ns5:ShareCapital2024-09-30NI059986ns5:ShareCapital2023-09-30NI059986ns5:RetainedEarningsAccumulatedLosses2024-09-30NI059986ns5:RetainedEarningsAccumulatedLosses2023-09-30NI059986ns5:NetGoodwill2023-10-012024-09-30NI059986ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30NI059986ns5:NetGoodwill2023-09-30NI059986ns5:NetGoodwill2024-09-30NI059986ns5:NetGoodwill2023-09-30NI059986ns5:LandBuildings2023-09-30NI059986ns5:PlantMachinery2023-09-30NI059986ns5:FurnitureFittings2023-09-30NI059986ns5:LandBuildings2023-10-012024-09-30NI059986ns5:PlantMachinery2023-10-012024-09-30NI059986ns5:FurnitureFittings2023-10-012024-09-30NI059986ns5:LandBuildings2024-09-30NI059986ns5:PlantMachinery2024-09-30NI059986ns5:FurnitureFittings2024-09-30NI059986ns5:LandBuildings2023-09-30NI059986ns5:PlantMachinery2023-09-30NI059986ns5:FurnitureFittings2023-09-30NI059986ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-30NI059986ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30NI059986ns5:CurrentFinancialInstruments2023-10-012024-09-30NI059986ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: NI059986 (Northern Ireland)















B-P OLB LTD

Unaudited Financial Statements for the Year Ended 30 September 2024






B-P OLB LTD (REGISTERED NUMBER: NI059986)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B-P OLB LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Patrick O'Loughlin
Bernard O'Loughlin





REGISTERED OFFICE: 166 Glen Road
Maghera
Co. Derry
BT46 5JN





REGISTERED NUMBER: NI059986 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

B-P OLB LTD (REGISTERED NUMBER: NI059986)

Statement of Financial Position
30 SEPTEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 91,321 94,461
91,321 94,461

CURRENT ASSETS
Inventories 7 1,122,121 1,073,584
Receivables: amounts falling due within
one year

8

87,760

91,312
Cash at bank 37,160 12,290
1,247,041 1,177,186
PAYABLES
Amounts falling due within one year 9 (606,719 ) (604,521 )
NET CURRENT ASSETS 640,322 572,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,643

667,126

PAYABLES
Amounts falling due after more than
one year

10

(8,142

)

(18,449

)

PROVISIONS FOR LIABILITIES (22,830 ) (23,615 )
NET ASSETS 700,671 625,062

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 700,571 624,962
SHAREHOLDERS' FUNDS 700,671 625,062

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 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.

B-P OLB LTD (REGISTERED NUMBER: NI059986)

Statement of Financial Position - continued
30 SEPTEMBER 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 3 April 2025 and were signed on its behalf by:




Bernard O'Loughlin - Director



Patrick O'Loughlin - Director


B-P OLB LTD (REGISTERED NUMBER: NI059986)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

B-P OLB Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation.
Cost includes expenditure that is directly attributable to bringing the asset to the location and
condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant
and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery - 10% Reducing Balance
Fixtures and fittings - 15% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in
periods if events or changes in circumstances indicate the carrying value may not be
recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.

Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.


B-P OLB LTD (REGISTERED NUMBER: NI059986)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued
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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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 the Income Statement in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2023
and 30 September 2024 250,000
AMORTISATION
At 1 October 2023
and 30 September 2024 250,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

B-P OLB LTD (REGISTERED NUMBER: NI059986)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST
At 1 October 2023 59,660 26,622 40,328 126,610
Additions - - 1,387 1,387
At 30 September 2024 59,660 26,622 41,715 127,997
DEPRECIATION
At 1 October 2023 - 12,109 20,040 32,149
Charge for year - 1,452 3,075 4,527
At 30 September 2024 - 13,561 23,115 36,676
NET BOOK VALUE
At 30 September 2024 59,660 13,061 18,600 91,321
At 30 September 2023 59,660 14,513 20,288 94,461

7. INVENTORIES
2024 2023
£ £
Inventories 1,122,121 1,073,584

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 1,173 2,098
Amounts owed by group undertakings 62,905 54,854
Other receivables 23,682 34,360
87,760 91,312

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 179,262 199,413
Trade payables 114,316 97,209
Taxation and social security 46,065 40,071
Other payables 267,076 267,828
606,719 604,521

The bank overdraft disclosed above is secured by the company.

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 8,142 18,449

B-P OLB LTD (REGISTERED NUMBER: NI059986)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary 1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £189,796 (2023 - £202,622 ) was due to the Directors in respect of monies advanced to the company.