O'Conn Catering Ltd iXBRL

O'Conn Catering Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 August 2025

O'Conn Catering Ltd

Company Registration Number: NI690121

ABRIDGED BALANCE SHEET

as at 31 August 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

11,046

11,828

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Current Assets

Stocks

9,832

12,000

Debtors

32,683

23,640

Cash and cash equivalents

6,889

11,175

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49,404

46,815

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Creditors: amounts falling due within one year

(96,426)

(91,842)

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Net Current Liabilities

(47,022)

(45,027)

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Total Assets less Current Liabilities

(35,976)

(33,199)

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Capital and Reserves

Called up share capital

100

100

Retained earnings

(36,076)

(33,299)

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Equity attributable to owners of the company

(35,976)

(33,199)

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The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 18 May 2026



________________________________
Mr Ruairi O'Connor
Director

O'Conn Catering Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

O'Conn Catering Ltd is a private company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI690121. The registered office of the company is 26 Carquillan, Hilltown, Co Down, BT34 5UQ, Northern Ireland, the address for the principal place of business is 24 Main Street, Hilltown, Co Down, BT34 5UH, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The financial statements cover the individual entity for the financial year ended 31 August 2025.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods & services supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Reducing Balance

Fixtures, fittings and equipment

20% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The comparative figures relate to the 12 month period ended 31 August 2024.

Employees

The average monthly number of employees, including director, during the financial year was:

2025

2024

Number

Number

Employees

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5.	Tangible assets
		Plant and	Fixtures,	Total
		machinery	fittings and
			equipment
		£	£	£
	Cost
	At 1 September 2024	9,930	3,699	13,629
	Additions	-	766	766
		─────────	─────────	─────────
	At 31 August 2025	9,930	4,465	14,395
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	964	837	1,801
	Charge for the financial year	848	700	1,548
		─────────	─────────	─────────
	At 31 August 2025	1,812	1,537	3,349
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	8,118	2,928	11,046
		═════════	═════════	═════════
	At 31 August 2024	8,966	2,862	11,828
		═════════	═════════	═════════

Director's advances

During the financial year ended 31 August 2025, the director was in receipt of a loan from the company totalling £32,500. The loan was outstanding at the balance sheet date.

The loan is interest free, and is repayable on demand.

Going concern

At the balance sheet date, the company had accumulated losses of £35,976 (2024 - £33,199). The director has given assurances that he will continue to support the company until such times where it returns to profitability. On that basis, the accounts are prepared on the going concern basis.