O'Riordan Construction Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06891259 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

O'Riordan Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D O'Riordan

REGISTERED OFFICE:

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

REGISTERED NUMBER:

06891259 (England and Wales)

ACCOUNTANTS:

Johal & Company

Chartered Certified Accountants

Spectrum House

2B Suttons Lane

Hornchurch

Essex

RM12 6RJ

FIXED ASSETS

Intangible assets

4

18,000

19,500

Tangible assets

5

10,315

13,127

28,315

32,627

CURRENT ASSETS

Debtors

6

110,099

53,372

Cash at bank

117,601

125,539

227,700

178,911

CREDITORS

Amounts falling due within one year

7

82,706

107,576

NET CURRENT ASSETS

144,994

71,335

TOTAL ASSETS LESS CURRENT LIABILITIES

173,309

103,962

CREDITORS

Amounts falling due after more than one year

8

50,000

50,000

NET ASSETS

123,309

53,962

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

123,308

53,961

SHAREHOLDERS' FUNDS

123,309

53,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 28 February 2018 and were signed by:

N D O'Riordan - Director

1.	STATUTORY INFORMATION

O'Riordan Construction Limited is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 September 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

30,000

AMORTISATION

At 1 September 2016

10,500

Amortisation for year

1,500

At 31 August 2017

12,000

NET BOOK VALUE

At 31 August 2017

18,000

At 31 August 2016

19,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2016

5,063

2,137

22,378

29,578

Additions

-

592

-

592

At 31 August 2017

5,063

2,729

22,378

30,170

DEPRECIATION

At 1 September 2016

4,387

1,698

10,366

16,451

Charge for year

169

232

3,003

3,404

At 31 August 2017

4,556

1,930

13,369

19,855

NET BOOK VALUE

At 31 August 2017

507

799

9,009

10,315

At 31 August 2016

676

439

12,012

13,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

3,979

53,372

Other debtors

106,120

-

110,099

53,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade creditors

1,449

8,032

Taxation and social security

20,785

20,908

Other creditors

60,472

78,636

82,706

107,576

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Other creditors

50,000

50,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and

31 August 2016:

31.8.17

31.8.16

£

£

N D O'Riordan

Balance outstanding at start of year

(76,136

)

-

Amounts advanced

53,708

-

Amounts repaid

(35,044

)

(76,136

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(57,472

)

(76,136

)