F. O'Donnell & Sons (Painters and Decorators) Limited

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

Registered number: 01234278

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		147,965		96,349

			147,965		96,349
CURRENT ASSETS
Stocks	5	3,470		4,040
Debtors	6	592,207		539,404
Cash at bank and in hand		206,219		292,059

		801,896		835,503
Creditors: Amounts Falling Due Within One Year		(342,828 )		(324,296 )

NET CURRENT ASSETS (LIABILITIES)			459,068		511,207

TOTAL ASSETS LESS CURRENT LIABILITIES			607,033		607,556

Creditors: Amounts Falling Due After More Than One Year	7		(137,000 )		(155,939 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,270 )		(21,470 )

NET ASSETS			452,763		430,147

CAPITAL AND RESERVES
Called up share capital	8		15,000		15,000
Profit and Loss Account			437,763		415,147

SHAREHOLDERS' FUNDS			452,763		430,147

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F. O'Donnell & Sons (Painters and Decorators) Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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

Mr Peter O'Donnell Director	Mr Mark O'Donnell Director
24/06/2026

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

1. General Information

F. O'Donnell & Sons (Painters and Decorators) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01234278 . The registered office is 18 Coronation Street, Tunstall, Stoke-on-Trent, ST6 6BU.

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 a reducing balance basis as follows:

Freehold	n/a
Plant & Machinery	15% per annum
Motor Vehicles	20% per annum
Fixtures & Fittings	15% per annum

2.4. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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F. O'Donnell & Sons (Painters and Decorators) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 19)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 October 2024	-	9,837	273,786	16,113	299,736
Additions	69,234	-	-	-	69,234

As at 30 September 2025	69,234	9,837	273,786	16,113	368,970

Depreciation
As at 1 October 2024	-	9,652	178,389	15,346	203,387
Provided during the period	-	185	17,318	115	17,618

As at 30 September 2025	-	9,837	195,707	15,461	221,005

Net Book Value
As at 30 September 2025	69,234	-	78,079	652	147,965

As at 1 October 2024	-	185	95,397	767	96,349

5. Stocks

	2025	2024
	£	£
Materials	3,470	4,040

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	383,003	300,983
Prepayments and accrued income	5,094	5,502
Other debtors	22,389	26,419
Amount due from Related Companies	138,057	138,407
Value Added Tax Recoverable	28,291	15,775
CIS Recoverable	15,373	52,318

	592,207	539,404

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F. O'Donnell & Sons (Painters and Decorators) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

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

	2025	2024
	£	£
Lease Purchase Commitment	-	18,939
Sums due to Related Companies	137,000	137,000

	137,000	155,939

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	15,000	15,000

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