N.A & O'Neill Ltd - Accounts

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Registered Number: 09953790

England and Wales

Filleted Accounts

for the year ended 31 January 2020

for

N.A & O'NEILL LTD

N.A & O'Neill Ltd
Statement of Financial Position
As at 31 January 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	4,573	4,778
		4,573	4,778
Current assets
Stocks	3	15,000	35,000
Debtors	4	75,908	25,669
Cash at bank and in hand		47,397	40,225
		138,305	100,894
Creditors: amount falling due within one year	5	(139,495)	(197,917)
Net current assets		(1,190)	(97,023)

Total assets less current liabilities		3,383	(92,245)
Net assets		3,383	(92,245)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		3,283	(92,345)
Shareholders funds		3,383	(92,245)

For the year ended 31 January 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
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

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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 15 May 2020 and were signed on its behalf by:

--------------------------------
Daniel Dempsey
Director

N.A & O'Neill Ltd
Notes to the Financial Statements
For the year ended 31 January 2020

General Information

N.A & O'Neill Ltd is a private company, limited by shares, registered in England and Wales, registration number 09953790, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

Accounting Policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 February 2019	6,370	-	6,370
Additions	-	1,385	1,385
Disposals	-	-	-
At 31 January 2020	6,370	1,385	7,755
Depreciation
At 01 February 2019	1,592	-	1,592
Charge for year	1,195	395	1,590
On disposals	-	-	-
At 31 January 2020	2,787	395	3,182
Net book values
Closing balance as at 31 January 2020	3,583	990	4,573
Opening balance as at 01 February 2019	4,778	-	4,778

Stocks

	2020 £		2019 £
Stocks	15,000		35,000
	15,000		35,000

Debtors: amounts falling due within one year

	2020 £	2019 £
Other Debtors	75,908	329
VAT	-	25,340
	75,908	25,669

Creditors: amount falling due within one year

	2020 £	2019 £
Trade Creditors	70,237	75,061
Bank Loans & Overdrafts	-	47,000
Corporation Tax	14,827	-
PAYE & Social Security	14,581	1,258
Accrued Expenses	360	360
Directors' Current Accounts	39,490	74,238
	139,495	197,917

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted	2020 £		2019 £
100 Ordinary shares of £1.00 each	100		100
	100		100

7.	Average No.of Employees Average number of persons employed by the company in 2020 was 8. Average number of persons employed by the company in 2019 was 5.