Company Registration No. 08535425 (England and Wales)
L O'NEILL CARPENTRY LTD
Unaudited accounts
for the year ended 31 May 2026
L O'NEILL CARPENTRY LTD
Statement of financial position
as at 31 May 2026
Tangible assets
167,620
70,968
Cash at bank and in hand
258,376
79,717
Creditors: amounts falling due within one year
(135,659)
(433,880)
Net current assets
467,948
309,842
Total assets less current liabilities
635,568
380,810
Creditors: amounts falling due after more than one year
(73,271)
(26,543)
Provisions for liabilities
Deferred tax
(41,905)
(17,741)
Net assets
520,392
336,526
Called up share capital
100
100
Profit and loss account
520,292
336,426
Shareholders' funds
520,392
336,526
For the year ending 31 May 2026 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 16 August 2026 and were signed on its behalf by
Lee O'Neill
Director
Company Registration No. 08535425
L O'NEILL CARPENTRY LTD
Notes to the Accounts
for the year ended 31 May 2026
L O'NEILL CARPENTRY LTD is a private company, limited by shares, registered in England and Wales, registration number 08535425. The registered office is eFinance Corp Ltd, 60 Hinckley Road, Leicester, Leicestershire, LE3 0RB, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
L O'NEILL CARPENTRY LTD
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2025
3,104
186,182
189,286
Additions
122,028
-
122,028
At 31 May 2026
125,132
186,182
311,314
At 1 June 2025
1,988
116,330
118,318
Charge for the year
7,913
17,463
25,376
At 31 May 2026
9,901
133,793
143,694
At 31 May 2026
115,231
52,389
167,620
At 31 May 2025
1,116
69,852
70,968
Amounts falling due within one year
Trade debtors
143,122
126,920
Other debtors
116,090
495,958
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
-
10,126
Obligations under finance leases and hire purchase contracts
16,179
13,843
Trade creditors
2,050
3,300
Taxes and social security
69,582
381,614
Other creditors
44,348
21,747
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
73,271
25,786
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
L O'NEILL CARPENTRY LTD
Notes to the Accounts
for the year ended 31 May 2026
9
Average number of employees
During the year the average number of employees was 9 (2025: 6).