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Registered number: 07486210
O'Brien Ductwork Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
R Best & Co Ltd
Office 6
7 - 11 High Street
Reigate
Surrey
RH2 9AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07486210
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,566 -
Tangible Assets 5 33,304 10,764
34,870 10,764
CURRENT ASSETS
Debtors 6 733,494 810,552
Cash at bank and in hand 61,148 95,127
794,642 905,679
Creditors: Amounts Falling Due Within One Year 7 (682,230 ) (785,313 )
NET CURRENT ASSETS (LIABILITIES) 112,412 120,366
TOTAL ASSETS LESS CURRENT LIABILITIES 147,282 131,130
Creditors: Amounts Falling Due After More Than One Year 8 (30,130 ) (36,137 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,326 ) (2,691 )
NET ASSETS 108,826 92,302
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 108,726 92,202
SHAREHOLDERS' FUNDS 108,826 92,302
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A Clue
Director
T O'Brien
Director
16 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O'Brien Ductwork Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07486210 . The registered office is Office 6, 7 - 11 High Street, Reigate, Surrey, RH2 9AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are crypotassets held. It is held at cost. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 -
Additions 1,566
As at 31 March 2025 1,566
Net Book Value
As at 31 March 2025 1,566
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 9,837 25,938 17,081 52,856
Additions - 22,413 14,495 36,908
As at 31 March 2025 9,837 48,351 31,576 89,764
Depreciation
As at 1 April 2024 4,320 24,485 13,287 42,092
Provided during the period 1,379 6,120 6,869 14,368
As at 31 March 2025 5,699 30,605 20,156 56,460
Net Book Value
As at 31 March 2025 4,138 17,746 11,420 33,304
As at 1 April 2024 5,517 1,453 3,794 10,764
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 406,964 341,839
Prepayments and accrued income 11,595 2,260
Retentions Withheld 125,395 184,534
OCS Holdings Limited 147,702 222,576
O'Brien Multiservices Limited 107 107
VAT 33,532 57,417
Other taxes and social security - 1,819
Directors' loan accounts 8,199 -
733,494 810,552
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 392,374 492,149
Bank loans and overdrafts 5,793 5,522
Corporation tax 87,133 61,505
Other taxes and social security 10,434 -
CIS 39,179 19,507
Pension Control 370 327
Retentions on hold 19,968 19,350
Accruals and deferred income 125,395 184,534
Directors' loan accounts 1,584 2,419
682,230 785,313
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 30,130 36,137
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Alex Clue (535 ) 9,047 312 - 8,199
The above loan is unsecured, interest free and repayable on demand. The loan was repaid on the 5th April 2025.
Page 5