Company Registration No. NI611846 (Northern Ireland)
Oes Engineering Solutions Ltd
Unaudited accounts
for the year ended 31 March 2025
Oes Engineering Solutions Ltd
Unaudited accounts
Contents
Oes Engineering Solutions Ltd
Company Information
for the year ended 31 March 2025
Director
Francis Martin McGuigan
Company Number
NI611846 (Northern Ireland)
Registered Office
60 Tullydraw Road
Dungannon
County Tyrone
BT70 3LT
Northern Ireland
Accountants
NRG Accountancy Services
16E Corlea Road
Omagh
County Tyrone
BT78 5PT
Oes Engineering Solutions Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
500,771
537,575
Inventories
270,278
305,000
Cash at bank and in hand
21,094
29,908
Creditors: amounts falling due within one year
(549,283)
(643,702)
Net current assets/(liabilities)
18,565
(27,637)
Total assets less current liabilities
519,336
509,938
Creditors: amounts falling due after more than one year
(296,799)
(286,086)
Net assets
222,537
223,852
Called up share capital
1
1
Profit and loss account
222,536
223,851
Shareholders' funds
222,537
223,852
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2025 and were signed on its behalf by
Francis Martin McGuigan
Director
Company Registration No. NI611846
Oes Engineering Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
Oes Engineering Solutions Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI611846. The registered office is 60 Tullydraw Road, Dungannon, County Tyrone, BT70 3LT, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% Straight Line
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
131,599
495,651
175,686
20,570
823,506
Additions
-
66,113
-
5,464
71,577
Disposals
-
(30,095)
(40,690)
-
(70,785)
At 31 March 2025
131,599
531,669
134,996
26,034
824,298
At 1 April 2024
-
202,039
72,898
10,994
285,931
Charge for the year
-
51,246
22,566
3,961
77,773
On disposals
-
(12,011)
(28,166)
-
(40,177)
At 31 March 2025
-
241,274
67,298
14,955
323,527
At 31 March 2025
131,599
290,395
67,698
11,079
500,771
At 31 March 2024
131,599
293,612
102,788
9,576
537,575
Oes Engineering Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
276,476
281,157
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
36,556
80,510
Obligations under finance leases and hire purchase contracts
49,813
51,631
Trade creditors
412,218
438,253
Taxes and social security
9,989
7,740
Other creditors
10,854
11,593
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
112,499
152,441
Other creditors
111,590
35,730
Loans from directors
42,947
52,000
8
Average number of employees
During the year the average number of employees was 19 (2024: 38).