O'Neill Vegetables Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: NI693777

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,538		18,172

			14,538		18,172
CURRENT ASSETS
Debtors		1,879		140
Cash at bank and in hand		7,264		5,033

		9,143		5,173
Creditors: Amounts Falling Due Within One Year		(12,521 )		(6,287 )

NET CURRENT ASSETS (LIABILITIES)			(3,378 )		(1,114 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,160		17,058

Creditors: Amounts Falling Due After More Than One Year			(6,065 )		(11,664 )

NET ASSETS			5,095		5,394

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			5,094		5,393

SHAREHOLDERS' FUNDS			5,095		5,394

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O'Neill Vegetables Ltd

Abridged Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Eamon O'Neill

Director

30/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

O'Neill Vegetables Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI693777 . The registered office is 44 Drumlee Road, Dungannon, Co. Tyrone, BT71 7QD.

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 the following bases:

Motor Vehicles

20% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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O'Neill Vegetables Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Total
	£
Cost
As at 1 February 2025	28,394

As at 31 January 2026	28,394

Depreciation
As at 1 February 2025	10,222
Provided during the period	3,634

As at 31 January 2026	13,856

Net Book Value
As at 31 January 2026	14,538

As at 1 February 2025	18,172

5. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,599	5,599
Later than one year and not later than five years	6,065	11,664

	11,664	17,263

	11,664	17,263

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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