Joe O'Hare Construction Ltd - Filleted accounts

Registered number

NI650430

Joe O'Hare Construction Ltd

Filleted Accounts

31 January 2026

Joe O'Hare Construction Ltd
Registered number:		NI650430
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		154,542			125,436
Investments	4		673,444			366,174
			827,986			491,610

Current assets
Debtors	5	427,416			175,265
Cash at bank and in hand		1,304,517			1,316,871
		1,731,933			1,492,136

Creditors: amounts falling due within one year	6	(690,216)			(616,614)

Net current assets			1,041,717			875,522

Total assets less current liabilities			1,869,703			1,367,132

Creditors: amounts falling due after more than one year	7		(10,956)			(21,604)



Net assets			1,858,747			1,345,528

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,858,647			1,345,428

Shareholders' funds			1,858,747			1,345,528

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Joe O'Hare
Director
Approved by the board on 12 October 2026

Joe O'Hare Construction Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	138,441		97,411		235,852
	Additions	7,600		78,190		85,790
	Disposals	-		(28,166)		(28,166)
	At 31 January 2026	146,041		147,435		293,476

	Depreciation
	At 1 February 2025	66,720		43,696		110,416
	Charge for the year	15,864		22,794		38,658
	On disposals	-		(10,140)		(10,140)
	At 31 January 2026	82,584		56,350		138,934

	Net book value
	At 31 January 2026	63,457		91,085		154,542
	At 31 January 2025	71,721		53,715		125,436


4	Investments

Other
investments
£
	Cost
	At 1 February 2025					366,174
	Additions					307,270

	At 31 January 2026					673,444


5	Debtors			2026		2025
£					£

	Trade debtors			409,757		138,184
	Other debtors			17,659		37,081
				427,416		175,265


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			353,298		289,726
	Taxation and social security costs			98,290		130,705
	Other creditors			238,628		196,183
				690,216		616,614


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			10,956		21,604


8	Other information

	Joe O'Hare Construction Ltd is a private company limited by shares and incorporated in Nothern Ireland. Its registered office is:
	4 Moor Hill Road
	Newry
	County Down
	BT34 2QJ