O'Kane Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI049720 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

O'Kane Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

GJ O'Kane

SECRETARY:

McNicholl Ltd

REGISTERED OFFICE:

18 Market Road

Ballymena

BT43 6EL

REGISTERED NUMBER:

NI049720 (Northern Ireland)

ACCOUNTANTS:

J A McNicholl & Company Limited

18 Market Road

Ballymena

BT43 6EL

FIXED ASSETS

Intangible assets

2

32,900

35,250

Tangible assets

3

4,474

5,592

37,374

40,842

CURRENT ASSETS

Stocks

35,243

25,245

Debtors

4,718

7,954

39,961

33,199

CREDITORS

Amounts falling due within one year

74,297

69,737

NET CURRENT LIABILITIES

(34,336

)

(36,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,038

4,304

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

2,738

4,004

SHAREHOLDERS' FUNDS

3,038

4,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 November 2015 and were signed by:

GJ O'Kane - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

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

Plant and machinery etc

-

20% on 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

35,250

AMORTISATION

Amortisation for year

2,350

At 31 March 2015

2,350

NET BOOK VALUE

At 31 March 2015

32,900

At 31 March 2014

35,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

13,950

DEPRECIATION

At 1 April 2014

8,358

Charge for year

1,118

At 31 March 2015

9,476

NET BOOK VALUE

At 31 March 2015

4,474

At 31 March 2014

5,592

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

300

Ordinary

£1

300

300