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Registration number: 12278870

O'Neills (Hull) Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 October 2025

O'Neills (Hull) Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Abridged Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Abridged Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Abridged Financial Statements | 8 to 12

O'Neills (Hull) Limited

Company Information

Director | Miss Sally Ann Clegg

Registered office | 7 Bromley Street Hull HU2 0PY

Accountants | MTS Accountancy 1 Dunswell Road Cottingham East Yorkshire HU16 4JA

O'Neills (Hull) Limited

Director's Report for the Year Ended 31 October 2025

The director presents her report and the abridged financial statements for the year ended 31 October 2025.

Director of the company

The director who held office during the year was as follows:

Miss Sally Ann Clegg

Principal activity

The principal activity of the company is the sale of domestic ironmongery.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 November 2025

......................................... Miss Sally Ann Clegg Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
O'Neills (Hull) Limited
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of O'Neills (Hull) Limited for the year ended 31 October 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of O'Neills (Hull) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of O'Neills (Hull) Limited and state those matters that we have agreed to state to the Board of Directors of O'Neills (Hull) Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O'Neills (Hull) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that O'Neills (Hull) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of O'Neills (Hull) Limited. You consider that O'Neills (Hull) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of O'Neills (Hull) Limited. 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 statutory accounts.

......................................
MTS Accountancy
1 Dunswell Road
Cottingham
East Yorkshire
HU16 4JA

14 November 2025

O'Neills (Hull) Limited

Abridged Profit and Loss Account for the Year Ended 31 October 2025

| Note | 2025 £ | 2024 £
Gross profit |  | 19,372 | 25,064
Administrative expenses |  | (16,971) | (16,165)
Interest payable and similar expenses |  | (95) | (688)
Profit before tax | 4 | 2,306 | 8,211
Tax on profit |  | (531) | (1,653)
Profit for the financial year |  | 1,775 | 6,558

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

O'Neills (Hull) Limited

Statement of Comprehensive Income for the Year Ended 31 October 2025

| 2025 £ | 2024 £
Profit for the year | 1,775 | 6,558
Total comprehensive income for the year | 1,775 | 6,558

O'Neills (Hull) Limited

(Registration number: 12278870)
Abridged Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1,000 | 1,489
Current assets |  |  |
Stocks | 6 | 6,000 | 6,000
Debtors |  | 9,149 | 9,542
Cash at bank and in hand |  | 1,084 | 1,661
|  | 16,233 | 17,203
Creditors: Amounts falling due within one year |  | (10,901) | (9,507)
Net current assets |  | 5,332 | 7,696
Total assets less current liabilities |  | 6,332 | 9,185
Creditors: Amounts falling due after more than one year |  | (438) | (2,663)
Accruals and deferred income |  | (294) | (197)
Net assets |  | 5,600 | 6,325
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 5,500 | 6,225
Shareholders' funds |  | 5,600 | 6,325

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 14 November 2025

......................................... Miss Sally Ann Clegg Director

O'Neills (Hull) Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

| Share capital £ | Retained earnings £ | Total £
At 1 November 2024 | 100 | 6,225 | 6,325
Profit for the year | - | 1,775 | 1,775
Dividends | - | (2,500) | (2,500)
At 31 October 2025 | 100 | 5,500 | 5,600

| Share capital £ | Retained earnings £ | Total £
At 1 November 2023 | 100 | 167 | 267
Profit for the year | - | 6,558 | 6,558
Dividends | - | (500) | (500)
At 31 October 2024 | 100 | 6,225 | 6,325

O'Neills (Hull) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Bromley Street
Hull
HU2 0PY

These financial statements were authorised for issue by the director on 14 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

O'Neills (Hull) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

O'Neills (Hull) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 489 | 487

O'Neills (Hull) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 November 2024 | 450 | 2,500 | 2,950
At 31 October 2025 | 450 | 2,500 | 2,950
Depreciation
At 1 November 2024 | 336 | 1,125 | 1,461
Charge for the year | 114 | 375 | 489
At 31 October 2025 | 450 | 1,500 | 1,950
Carrying amount
At 31 October 2025 | - | 1,000 | 1,000
At 31 October 2024 | 114 | 1,375 | 1,489

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 6,000 | 6,000

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £25 (2024 - £5) per each Ordinary shares |  | 2,500 |  | 500

9 | Related party transactions

O'Neills (Hull) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,750 | 12,750
Contributions paid to money purchase schemes | 221 | 196
| 12,971 | 12,946