O'Sullivan Roofing Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13942903

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,590		19,644

			14,590		19,644
CURRENT ASSETS
Stocks	5	-		12,086
Debtors	6	41,672		11,906
Cash at bank and in hand		2,042		1,900

		43,714		25,892
Creditors: Amounts Falling Due Within One Year	7	(32,678 )		(30,883 )

NET CURRENT ASSETS (LIABILITIES)			11,036		(4,991 )

TOTAL ASSETS LESS CURRENT LIABILITIES			25,626		14,653

Creditors: Amounts Falling Due After More Than One Year	8		(22,926 )		(11,223 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,571 )		(3,330 )

NET ASSETS			129		100

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			128		99

SHAREHOLDERS' FUNDS			129		100

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O'Sullivan Roofing Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 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

N O'Sullivan

Director

1 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

O'Sullivan Roofing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13942903 . The registered office is C/O BWBCA Limited Office 44, A30 Business Centre, Okehampton, Devon, EX20 1BG.

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

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, excluding discounts, rebates, value added tax and other sales taxes.

2.3. 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 cost
Motor Vehicles	20% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 enactedor substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all material 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 period 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.

3. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

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O'Sullivan Roofing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 March 2024	5,271	20,495	1,632	27,398
Additions	835	-	109	944

As at 28 February 2025	6,106	20,495	1,741	28,342

Depreciation
As at 1 March 2024	2,335	4,782	637	7,754
Provided during the period	1,466	4,099	433	5,998

As at 28 February 2025	3,801	8,881	1,070	13,752

Net Book Value
As at 28 February 2025	2,305	11,614	671	14,590

As at 1 March 2024	2,936	15,713	995	19,644

5. Stocks

	2025	2024
	£	£
Stock	-	12,086

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	41,672	11,906

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	3,347	2,898
Trade creditors	4,007	9,385
Other creditors	10,589	5,886
Taxation and social security	14,735	12,714

	32,678	30,883

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,876	11,223
Other creditors	15,050	-

	22,926	11,223

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O'Sullivan Roofing Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,347	2,898
Later than one year and not later than five years	7,876	11,223

	11,223	14,121

	11,223	14,121

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 0.01 each	1	1

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 March 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 28 February 2025
	£	£	£	£	£
Mrs Aimie O'Sullivan	5,287	32,042	17,004	-	20,325
Mr Nicholas O'Sullivan	5,287	32,042	17,004	-	20,325

Interest has been charged on overdrawn directors loan account balances at the approved HMRC rates.

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