J. L. O'Rourke & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01015341 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

J. L. O'ROURKE & SONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

9

DIRECTORS:

J L O'Rourke

L J O'Rourke

REGISTERED OFFICE:

337 Bath Road

Slough

Berkshire

SL1 5PR

BUSINESS ADDRESS:

120 Albert Street

Slough

Berkshire

SL1 2AU

REGISTERED NUMBER:

01015341 (England and Wales)

ACCOUNTANTS:

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

FIXED ASSETS

Tangible assets

5

715,761

707,098

CURRENT ASSETS

Debtors

1,572,469

1,341,519

Cash at bank and in hand

354,873

568,241

1,927,342

1,909,760

CREDITORS

Amounts falling due within one year

1,944,990

1,735,141

NET CURRENT (LIABILITIES)/ASSETS

(17,648

)

174,619

TOTAL ASSETS LESS CURRENT LIABILITIES

698,113

881,717

CREDITORS

Amounts falling due after more than one year

6,833

-

NET ASSETS

691,280

881,717

CAPITAL AND RESERVES

Called up share capital

7

3,000

3,000

Retained earnings

688,280

878,717

SHAREHOLDERS' FUNDS

691,280

881,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2020 and were signed on its behalf by:

J L O'Rourke - Director

L J O'Rourke - Director

1.	STATUTORY INFORMATION

J. L. O'Rourke & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Management make estimates and assumptions concerning the future. The resulting accounting

estimates and judgements by definition, seldom equal the related actual results. There are no estimates

and assumptions that have a significant risk of causing material adjustment to the carrying amounts of

assets and liabilities within the next financial period.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Turnover includes retentions receivable less a provision for the non recoverability of retentions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost of buildings

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial

assets and liabilities.

Short term debtors are measured at transaction price, less any impairment. Long term debtors and loan

receivable are measured initially at transaction price, net of transaction costs and are subsequently

measured at fair value using the effective interest method, less any impairment.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty

on notice of withdrawal. Cash equivalents are readily convertible to known amounts of cash with

insignificant risk of change in value.

Short term creditors are measured at transaction price. Long term creditors and loans are measured

initially at transaction price, net of transaction costs and are subsequently measured at fair value using

the effective interest method.

Debt instruments (other than those wholly repayable or receivable within one year), including loans

and other accounts receivable and payable, are initially measured at present value of the future cash

flows and subsequently at amortised cost using the effective interest method.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2018 - 34 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

863,168

Additions

104,190

Disposals

(37,298

)

At 30 June 2019

930,060

DEPRECIATION

At 1 July 2018

156,070

Charge for year

78,293

Eliminated on disposal

(20,064

)

At 30 June 2019

214,299

NET BOOK VALUE

At 30 June 2019

715,761

At 30 June 2018

707,098

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

Totals

£

COST

At 1 July 2018

25,000

Additions

30,500

Disposals

(25,000

)

At 30 June 2019

30,500

DEPRECIATION

At 1 July 2018

11,523

Charge for year

5,142

Eliminated on disposal

(13,488

)

At 30 June 2019

3,177

NET BOOK VALUE

At 30 June 2019

27,323

At 30 June 2018

13,477

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.19

30.6.18

£

£

Hire purchase contracts

17,083

4,583

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

2,100

A Ordinary

£1

2,100

2,100

900

B Ordinary

£1

900

900

3,000

3,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2019 and

30 June 2018:

30.6.19

30.6.18

£

£

J L O'Rourke and L J O'Rourke

Balance outstanding at start of year

156,120

(294,807

)

Amounts advanced

-

1,004,222

Amounts repaid

(67,635

)

(553,295

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

88,485

156,120

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Abridged Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of J. L. O'Rourke & Sons Limited for the year ended 30 June 2019 which

comprise the Abridged Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes

in Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of J. L. O'Rourke & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. L. O'Rourke & Sons Limited and state those matters that we have agreed to state to the Board of Directors of J. L. O'Rourke & Sons Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. L. O'Rourke & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. L. O'Rourke & Sons Limited. You consider that J. L. O'Rourke & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. L. O'Rourke & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

8 June 2020