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REGISTERED NUMBER: 08713395 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

O'CONNELL BUILDING CONTRACTORS LTD

O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O'CONNELL BUILDING CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: D P O'Connell





REGISTERED OFFICE: The Old Church
89 Quicks Road
Wimbledon
London
SW19 1EX





REGISTERED NUMBER: 08713395 (England and Wales)





ACCOUNTANTS: UHA Limited T/A UH Accountants
Cole Street Studios
6-8 Cole Street
London
SE1 4YH

O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 713,575 745,775

CURRENT ASSETS
Debtors 6 861,888 503,030
Cash at bank 248,909 805,729
1,110,797 1,308,759
CREDITORS
Amounts falling due within one year 7 993,646 1,106,453
NET CURRENT ASSETS 117,151 202,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

830,726

948,081

CREDITORS
Amounts falling due after more than one
year

8

(397,825

)

(548,326

)

PROVISIONS FOR LIABILITIES (160,061 ) (145,146 )
NET ASSETS 272,840 254,609

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 272,740 254,509
SHAREHOLDERS' FUNDS 272,840 254,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 17 July 2025 and were signed by:





D P O'Connell - Director


O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

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


1. STATUTORY INFORMATION

O'Connell Building Contractors Ltd 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. 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. 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 preparing the financial statements
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.

Turnover represents the invoiced sales of services, excluding value added tax.

Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at the date, being accrued for.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 cost and 10% on cost

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.


O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

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


3. ACCOUNTING POLICIES - continued
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
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 are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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

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 are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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.

4. EMPLOYEES AND DIRECTORS

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

O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 1,491,465
Additions 168,480
Disposals (354,164 )
At 31 October 2024 1,305,781
DEPRECIATION
At 1 November 2023 745,690
Charge for year 115,657
Eliminated on disposal (269,141 )
At 31 October 2024 592,206
NET BOOK VALUE
At 31 October 2024 713,575
At 31 October 2023 745,775

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 865,566
Additions 91,230
Disposals (154,600 )
At 31 October 2024 802,196
DEPRECIATION
At 1 November 2023 174,775
Charge for year 89,553
Eliminated on disposal (71,217 )
At 31 October 2024 193,111
NET BOOK VALUE
At 31 October 2024 609,085
At 31 October 2023 690,791

O'CONNELL BUILDING CONTRACTORS LTD (REGISTERED NUMBER: 08713395)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 191,761 96,838
Amounts owed by group undertakings 35,609 -
Other debtors 634,518 406,192
861,888 503,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 90,955 90,968
Trade creditors 389,669 167,545
Amounts owed to group undertakings 363,598 500,000
Taxation and social security 18,762 64,112
Other creditors 120,662 273,828
993,646 1,106,453

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 7,500 17,500
Hire purchase contracts 390,325 530,826
397,825 548,326

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 481,280 621,794

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary 1 100 100

11. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary undertaking of Nippercove Limited, a company incorporated in Ireland.

The ultimate controlling party is Mr D P O'Connell.