REGISTERED NUMBER: 05523292 (England and Wales)

Obrien Building Ltd

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J O'Brien

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

05523292 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

70,511

142,859

70,511

142,859

CURRENT ASSETS

Stocks

5,225

113,739

Debtors

6

157,241

229,133

Cash at bank and in hand

119,290

71,150

281,756

414,022

CREDITORS

Amounts falling due within one year

7

246,925

299,485

NET CURRENT ASSETS

34,831

114,537

TOTAL ASSETS LESS CURRENT LIABILITIES

105,342

257,396

CREDITORS

Amounts falling due after more than one year

8

(85,923

)

(180,127

)

PROVISIONS FOR LIABILITIES

(6,957

)

(14,522

)

NET ASSETS

12,462

62,747

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

12,461

62,746

SHAREHOLDERS' FUNDS

12,462

62,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 5 September 2025 and were signed by:

D J O'Brien - Director

1.	STATUTORY INFORMATION

Obrien Building 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.

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, 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 2011, 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.

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.

Short leasehold

-

Straight line over 5 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

25% on reducing balance

An agreement is in place to sell scaffolding equipment over a period of years at original cost. Residual value is consequently equal to cost and the depreciation charge is nil.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

45,000

AMORTISATION

At 1 January 2024

and 31 December 2024

45,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

2,477

122,066

35,947

167,221

327,711

Additions

-

-

1,035

-

1,035

Disposals

-

(71,350

)

-

(2,700

)

(74,050

)

At 31 December 2024

2,477

50,716

36,982

164,521

254,696

DEPRECIATION

At 1 January 2024

2,477

60,292

35,069

87,014

184,852

Charge for year

-

1,875

1,223

19,733

22,831

Eliminated on disposal

-

(22,074

)

-

(1,424

)

(23,498

)

At 31 December 2024

2,477

40,093

36,292

105,323

184,185

NET BOOK VALUE

At 31 December 2024

-

10,623

690

59,198

70,511

At 31 December 2023

-

61,774

878

80,207

142,859

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

72,026

146,793

218,819

Disposals

(68,150

)

-

(68,150

)

At 31 December 2024

3,876

146,793

150,669

DEPRECIATION

At 1 January 2024

22,283

73,385

95,668

Charge for year

402

18,352

18,754

Eliminated on disposal

(21,084

)

-

(21,084

)

At 31 December 2024

1,601

91,737

93,338

NET BOOK VALUE

At 31 December 2024

2,275

55,056

57,331

At 31 December 2023

49,743

73,408

123,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

138,204

198,712

Amounts recoverable on contracts

2,547

-

Other debtors

16,490

30,421

157,241

229,133

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

27,419

47,001

Trade creditors

115,896

102,119

Taxation and social security

65,805

51,876

Other creditors

27,805

88,489

246,925

299,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,167

14,167

Hire purchase contracts

24,503

82,795

Other creditors

57,253

83,165

85,923

180,127

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

51,922

129,796

Lease and hire purchase liabilities are secured on the assets concerned.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Obriens Group Ltd, incorporated in England & Wales, number 10667333.