REGISTERED NUMBER: 10416516 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

O'NEILL & HOLMAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G B Holman

Mr R J O'Neill

REGISTERED OFFICE:

105a Winner Street

Paignton

Devon

TQ3 3BP

REGISTERED NUMBER:

10416516 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

Santander

3-5 Queen Street

Newton Abbot

Devon

TQ12 2AG

FIXED ASSETS

Tangible assets

4

57,191

59,283

CURRENT ASSETS

Stocks

5

800

600

Debtors

6

118,179

106,904

Cash at bank and in hand

29,579

10

148,558

107,514

CREDITORS

Amounts falling due within one year

7

124,584

86,227

NET CURRENT ASSETS

23,974

21,287

TOTAL ASSETS LESS CURRENT LIABILITIES

81,165

80,570

CREDITORS

Amounts falling due after more than one year

8

(65,412

)

(67,951

)

PROVISIONS FOR LIABILITIES

(14,298

)

(11,264

)

NET ASSETS

1,455

1,355

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

455

355

SHAREHOLDERS' FUNDS

1,455

1,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mr R J O'Neill - Director

Mr G B Holman - Director

1.	STATUTORY INFORMATION

O'Neill & Holman Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 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 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 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

5,619

102,186

118

107,923

Additions

-

16,874

-

16,874

At 31 October 2025

5,619

119,060

118

124,797

DEPRECIATION

At 1 November 2024

3,742

44,808

90

48,640

Charge for year

376

18,562

28

18,966

At 31 October 2025

4,118

63,370

118

67,606

NET BOOK VALUE

At 31 October 2025

1,501

55,690

-

57,191

At 31 October 2024

1,877

57,378

28

59,283

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

Motor

vehicles

£

COST

At 1 November 2024

102,186

Additions

16,874

At 31 October 2025

119,060

DEPRECIATION

At 1 November 2024

44,808

Charge for year

18,562

At 31 October 2025

63,370

NET BOOK VALUE

At 31 October 2025

55,690

At 31 October 2024

57,378

5.

STOCKS

2025

2024

£

£

Stocks

800

600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,278

23,817

Amounts recoverable on contract

23,167

17,350

Other debtors

6,247

2,807

Directors' current accounts

16,419

57,721

Prepayments

9,068

5,209

118,179

106,904

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,151

9,183

Hire purchase contracts

17,382

22,447

Trade creditors

31,903

12,915

Tax

27,390

9,391

Social security and other taxes

918

4,671

VAT

6,345

8,918

Other creditors

26,482

16,533

Directors' current accounts

6,787

-

Accrued expenses

2,226

2,169

124,584

86,227

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

18,457

23,607

Hire purchase contracts

46,955

44,344

65,412

67,951

9.	OTHER FINANCIAL COMMITMENTS

At 31/10/2025 the company had total commitments under non-cancellable operating leases over the

remaining life of the those leases of £4,780 (2024: £12,573)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

Mr R J O'Neill

Balance outstanding at start of year

29,942

9,540

Amounts advanced

42,527

43,164

Amounts repaid

(56,050

)

(22,762

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,419

29,942

Mr G B Holman

Balance outstanding at start of year

27,779

9,540

Amounts advanced

63,984

51,901

Amounts repaid

(98,550

)

(33,662

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,787

)

27,779

Interest are charged at a rate of 2.25%

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £81,100 (2024 - £40,000) were paid to the directors .

12.	BOUNCE BACK LOAN

The bank loan is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to May 2026.