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Registration number: NI685160

A O'Callaghan Contracts Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

A O'Callaghan Contracts Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

A O'Callaghan Contracts Ltd

Company Information

Director | Adrian O' Callaghan

Registered office | 9 Francis Hughes Park Belleeks Newry BT35 7PJ

Accountants | SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

A O'Callaghan Contracts Ltd

(Registration number: NI685160)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,915 | 6,144
Current assets |  |  |
Debtors | 5 | 54,004 | 64,620
Cash at bank and in hand |  | 14,434 | 16,298
|  | 68,438 | 80,918
Creditors: Amounts falling due within one year | 6 | (9,806) | (10,523)
Net current assets |  | 58,632 | 70,395
Total assets less current liabilities |  | 63,547 | 76,539
Creditors: Amounts falling due after more than one year | 6 | - | (1,500)
Provisions for liabilities |  | (934) | (1,167)
Net assets |  | 62,613 | 73,872
Capital and reserves |  |  |
Called up share capital | 7 | 10 | 10
Retained earnings |  | 62,603 | 73,862
Shareholders' funds |  | 62,613 | 73,872

For the financial year ending 31 January 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 his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 December 2025

......................................... Adrian O' Callaghan Director |  |

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
9 Francis Hughes Park
Belleeks
Newry
BT35 7PJ

These financial statements were authorised for issue by the director on 9 December 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 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 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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:

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.

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

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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).

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 February 2024 | 9,600 | - | 9,600
At 31 January 2025 | 9,600 | - | 9,600
Depreciation
At 1 February 2024 | 3,456 | - | 3,456
Charge for the year | 1,229 | - | 1,229
At 31 January 2025 | 4,685 | - | 4,685
Carrying amount
At 31 January 2025 | 4,915 | - | 4,915
At 31 January 2024 | - | 6,144 | 6,144

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 9,424 | -
Other debtors | 44,580 | 64,620
| 54,004 | 64,620

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 1,500 | 2,532
Trade creditors |  | 1,455 | 1,122
Taxation and social security |  | 4,896 | 4,905
Accruals and deferred income |  | 1,955 | 1,964
|  | 9,806 | 10,523

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | - | 1,500

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 10 | 10 | 10 | 10

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | - | 1,500

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,500 | 2,532

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £2,000.00 (2024 - £Nil) per each Ordinary share |  | 20,000 |  | -

10 | Related party transactions

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Transactions with the director

2025 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | At 31 January 2025 £
Adrian O' Callaghan
Directors loan | 57,711 | 31,371 | (57,746) | 31,336

2024 | At 1 February 2023 £ | Advances to director £ | Repayments by director £ | At 31 January 2024 £
Adrian O' Callaghan
Directors loan | 40,534 | 71,457 | (54,280) | 57,711

A O'Callaghan Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

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

| 2025 £ | 2024 £
Remuneration | 12,570 | 12,570
Contributions paid to money purchase schemes | 2,029 | -
| 14,599 | 12,570

Dividends paid to the director

|  | 2025 £ |  | 2024 £
Adrian O' Callaghan |  |  |  |
Dividends issued at 31.01.2025 |  | 20,000 |  | -

Other transactions with the director