REGISTERED NUMBER: NI003900 (Northern Ireland)

Financial Statements

for the Year Ended 30 June 2026

for

Hugh J. O'Boyle Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Henning

K Fitzsimmons

D McCormick

H R O'Boyle

SECRETARY:

D McCormick

REGISTERED OFFICE:

1 The Green

Irish Street

Downpatrick

Co. Down

BT30 6DA

REGISTERED NUMBER:

NI003900 (Northern Ireland)

AUDITORS:

M.B.Mc Grady & Co

Chartered Accountants

Statutory Auditors

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Tangible assets

4

279,959

308,014

Investments

5

5,084

5,084

Investment property

6

144,211

144,211

429,254

457,309

CURRENT ASSETS

Stocks

2,418,380

1,378,046

Debtors

1,802,006

1,884,569

Cash at bank

1,226,968

1,126,755

5,447,354

4,389,370

CREDITORS

Amounts falling due within one year

3,733,694

2,803,802

NET CURRENT ASSETS

1,713,660

1,585,568

TOTAL ASSETS LESS CURRENT LIABILITIES

2,142,914

2,042,877

CREDITORS

Amounts falling due after more than one year

12,970

48,551

NET ASSETS

2,129,944

1,994,326

CAPITAL AND RESERVES

Called up share capital

3,370

3,370

Capital redemption reserve

59,132

59,132

Retained earnings

2,067,442

1,931,824

SHAREHOLDERS' FUNDS

2,129,944

1,994,326

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2026 and were signed on its behalf by:

H R O'Boyle - Director

1.	STATUTORY INFORMATION

Hugh J. O'Boyle Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Hugh J. O'Boyle Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Judgements and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

Going Concern

The directors have prepared budgets and cash flows for a period of at least twelve months from the date of the approval of the financial statements which demonstrate that there is no material uncertainty regarding the company's ability to meet its liabilities as they fall due, and to continue as a going concern.

On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. Accordingly, these financial statements do not include any adjustments to the carrying amounts and classification of assets and liabilities that may arise if the company was unable to continue as a going concern.

Performance of Long-Term Contracts

Recognized amounts of construction contract revenues and related receivables reflect the directors' best estimates of long term contracts outcome and stage of completion. This includes the assessment of the profitability of the long-term contracts. Costs to complete and contract profitability are subject to significant estimation uncertainty. However, management has established internal controls to review and ensure the appropriateness of estimates made on an individual contract basis, including any necessary contract provisions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation of fixed assets is provided on a basis calculated to write off the cost of the assets, less estimated residual value over their estimated useless lives. The rates at present in use are as follows:

Plant & machinery - 12.5% on cost

Motor vehicles - 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Long-term contract balances in stock are stated at net cost, less foreseeable losses and payments on account. The excess of recorded turnover over payments on account for the same contracts are included in debtors as amounts recoverable on contracts.

Financial instruments

The company 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in proft and loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2025 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2025

1,025,140

Additions

7,850

Disposals

(6,600

)

At 30 June 2026

1,026,390

DEPRECIATION

At 1 July 2025

717,126

Charge for year

35,905

Eliminated on disposal

(6,600

)

At 30 June 2026

746,431

NET BOOK VALUE

At 30 June 2026

279,959

At 30 June 2025

308,014

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 July 2025

and 30 June 2026

191,139

DEPRECIATION

At 1 July 2025

34,503

Charge for year

28,239

At 30 June 2026

62,742

NET BOOK VALUE

At 30 June 2026

128,397

At 30 June 2025

156,636

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 July 2025

and 30 June 2026

5,084

NET BOOK VALUE

At 30 June 2026

5,084

At 30 June 2025

5,084

The investments relate to shares held in the subsidiary companies, Hugh J. O' Boyle Training Limited and Hugh J. O' Boyle (Ireland) Limited and are measured at cost.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2025

and 30 June 2026

144,211

NET BOOK VALUE

At 30 June 2026

144,211

At 30 June 2025

144,211

Investment property comprises one property held at fair value. This property was previously held within Freehold Property but reclassified as an investment property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors of the company. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.

7.	SECURED DEBTS

The following secured debts are included within creditors:

30/6/26

30/6/25

£

£

Bank overdrafts

393,535

167,749

The Ulster Bank holds a Debenture and Freehold 1st legal charge over Commercial Premises at 1 The Green Irish Street and 114-116 Irish Street Downpatrick as security for group facilities held.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Malachy Bernard Thomas McGrady (Senior Statutory Auditor)

for and on behalf of M.B.Mc Grady & Co