Vince O'Brien Plastering Contractors Limited


VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026



































Company Registration Number: 03072565

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026


DIRECTOR

V B O'Brien


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Unit 4, Wychwood Business Centre
Milton Road
Shipton-Under-Wychwood
Chipping Norton
Oxon
OX7 6XU


COMPANY REGISTRATION NUMBER

03072565 England and Wales

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	5		386,890		405,134

CURRENT ASSETS
Stock		672,112		517,343
Debtors	6	107,618		486,341
Cash at bank and in hand		167		25,644


		779,897		1,029,328

CREDITORS: Amounts falling due within one year	7	470,365		415,149
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			309,532		614,179


TOTAL ASSETS LESS CURRENT LIABILITIES			696,422		1,019,313

CREDITORS: Amounts falling due after more than one year	8		212,041		196,821
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			13,815		16,429


NET ASSETS			470,566		806,063


CAPITAL AND RESERVES
Called up share capital			10		10
Distributable profit and loss account			470,556		806,053


SHAREHOLDER'S FUNDS			470,566		806,063

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




V B O'Brien
Director

Date approved by the board: 8 October 2026

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Vince O'Brien Plastering Contractors Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit 4, Wychwood Business Centre
	Milton Road
	Shipton-Under-Wychwood
	Chipping Norton
	Oxon
	OX7 6XU

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover represents the fair value of consideration received or receivable and represents the provision of plastering services, stated net of trade discounts and value added tax. Revenue is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. Revenue is reported in the period in which the services were rendered and reflects the partial performance of the company's contractual obligations where this can be measured reliably. Where recorded revenue exceeds amounts invoiced to clients, the excess is classified as income.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Buildings					Straight line basis at 2% per annum
	Plant and machinery					Reducing balance basis at 25% per annum
	Motor vehicles					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Work in progress

	Work in progress has been valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises the cost of materials and direct labour relevant to the stage of construction.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Loans receivable are measured initially at fair value, net of transaction costs, and subsequently at amortised cost, less any impairment.


	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Long term contracts

	Long term contracts have been assessed on a contract-by-contract basis and reflected in the profit and loss account by recording revenue and related costs as contract activity progresses. Revenue is ascertained in a manner appropriate to the stage of completion of the contract, calculated by reference to the costs incurred at the balance sheet date, the business and the industry in which it operates. Profit is taken on long term contracts on a prudent basis and only when the final outcome of the project is reasonably certain.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Employee benefits

	Short term employee benefits are recognised as an expense in the period in which they are incurred.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

				2026	2025
	Average number of employees			12	13


5	TANGIBLE ASSETS
		Buildings	Plant and machinery	Motor vehicles	Total
		£	£	£	£
	Cost
	At 1 April 2025	389,388	145,575	299,005	833,968

	Additions	-	3,395	4,000	7,395

	Disposals	-	(4,071)	-	(4,071)


	At 31 March 2026	389,388	144,899	303,005	837,292


	Accumulated depreciation and impairments
	At 1 April 2025	69,092	113,830	245,912	428,834

	Charge for year	7,788	8,480	8,993	25,261

	Disposals	-	(3,693)	-	(3,693)


	At 31 March 2026	76,880	118,617	254,905	450,402


	Net book value
	At 1 April 2025	320,296	31,745	53,093	405,134


	At 31 March 2026	312,508	26,282	48,100	386,890


6	DEBTORS
				2026	2025
				£	£
	Prepayments and accrued income			16,605	14,084
	Other debtors			91,013	472,257


				107,618	486,341

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


7	CREDITORS: Amounts falling due within one year
					2026	2025
					£	£
	Bank loans and overdrafts				115,378	53,000
	Trade creditors				136,953	87,206
	Taxation and social security				49,082	100,536
	Other creditors				168,952	174,407


					470,365	415,149


8	CREDITORS: Amounts falling due after more than one year
					2026	2025
					£	£
	Bank loans and overdrafts				-	4,519
	Other creditors				212,041	192,302


					212,041	196,821


9	SECURED DEBTS

	The company's bankers hold fixed and floating charges over all the property and assets of the company.

10	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 March 2026
		£	£	£	£	£
	V B O'Brien	390,942	-	390,942	-	-

	Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

VINCE O'BRIEN PLASTERING CONTRACTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026

11	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	VOB Holdings Ltd	Parent undertaking
	VOB Homes Ltd	Group member

	During the year, the following transactions with related parties took place:
			2026	2025
			£	£
	V B O'Brien
	Director and shareholder

	Advances to company	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:	67	-


			2026	2025
			£	£
	VOB The Crescent Ltd
	Connected undertaking

	Advances by company	Amount owed by connected undertaking at year end:	55,016	55,016