PP O'Connor Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10444830 (England and Wales)

PP O'CONNOR CONSTRUCTION LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2019 TO 31 OCTOBER 2019

Page

Company Information

1

Report of the Directors

2

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

J P O'Connor

P P O'Connor

Ms C M O'Connor

REGISTERED OFFICE:

The Exchange

5 Bank Street

Bury

BL9 0DN

REGISTERED NUMBER:

10444830 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

Chartered Accountants

The Exchange

5 Bank Street

Bury

BL9 0DN

The directors present their report with the financial statements of the company for the period 1 May 2019 to 31 October 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of minor construction works providing a full

construction service from conception to completion.

REVIEW OF BUSINESS

Following poor trading results to April 2019 and problems with the control and delivery of projects the directors

changed the operating model in April 2019.

In April 2019 the directors brought the project management of the individual contracts under their direct control and

used employees from another of their business to run the projects through to completion. The business has won and

delivered a number of successful projects since and is now performing in line with the directors' expectations.

This self-delivery model will be used for all projects going forward and the expectation is that the businesses will

continue to make generate a positive return.

In light of the above and given the support of other related companies under the directors' control, the directors remain

satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2019 to the date of this report.

J P O'Connor

P P O'Connor

Ms C M O'Connor

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

P P O'Connor - Director

29 January 2020

CURRENT ASSETS

Debtors

4

836,661

840,435

Cash at bank

1,446

77,323

838,107

917,758

CREDITORS

Amounts falling due within one year

5

(1,332,700

)

(1,703,382

)

NET CURRENT LIABILITIES

(494,593

)

(785,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(494,593

)

(785,624

)

CAPITAL AND RESERVES

Called up share capital

99

99

Retained earnings

(494,692

)

(785,723

)

(494,593

)

(785,624

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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 on 29 January 2020 and were signed on its behalf by:

P P O'Connor - Director

1.	STATUTORY INFORMATION

PP O'Connor Construction Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 10444830 and registered office is The Exchange, 5 Bank Street, Bury,

United Kingdom, BL9 0DN.

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.

Critical judgements and estimates

In the application of the company's accounting policies, the directors are required to make estimates and

judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ

from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which

the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying

amount of assets and liabilities are outlined below.

Determining the expected outcome of long-term contracts prior to their conclusion and calculating the

attributable profit that should be recognised in a manner appropriate to the stage of completion.

Revenue

Revenue represents the value of the sale of services provided, net of value added tax and after taking into

account retentions on contracts and expected remedial works.

Financial instruments

The company only 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 and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost,

being the transaction price less any amounts settled.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2019 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2019

£

£

Trade debtors

-

27,517

Other debtors

836,661

812,918

836,661

840,435

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2019

£

£

Trade creditors

4,363

42,462

Taxation and social security

30,990

79,863

Other creditors

1,297,347

1,581,057

1,332,700

1,703,382