O'Connor P Ltd. - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07958873 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

O'Connor P Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P O'Connor

SECRETARY:

Mrs G Appleton

REGISTERED OFFICE:

38 Ladymead

Monk Bretton

Barnsley

South Yorkshire

S71 2QU

REGISTERED NUMBER:

07958873 (England and Wales)

ACCOUNTANTS:

Pocklington Accountancy Ltd

First Floor

14 Market Place

Pocklington

York

East Yorkshire

YO42 2AR

FIXED ASSETS

Tangible assets

4

20,469

CURRENT ASSETS

Stocks

102,265

Debtors

5

55,677

Cash at bank and in hand

19,878

177,820

CREDITORS

Amounts falling due within one year

6

159,310

NET CURRENT ASSETS

18,510

TOTAL ASSETS LESS CURRENT LIABILITIES

38,979

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

38,879

SHAREHOLDERS' FUNDS

38,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 30th November 2017 and were signed by:

P O'Connor - Director

1.	STATUTORY INFORMATION

O'Connor P Ltd. 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.

Turnover

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

value added tax and other sales taxes.

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

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2016

and 31st March 2017

4,628

1,200

46,196

1,284

53,308

DEPRECIATION

At 1st April 2016

1,322

658

25,306

820

28,106

Charge for year

331

108

4,178

116

4,733

At 31st March 2017

1,653

766

29,484

936

32,839

NET BOOK VALUE

At 31st March 2017

2,975

434

16,712

348

20,469

At 31st March 2016

3,306

542

20,890

464

25,202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

54,120

Other debtors

1,557

55,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

51,565

Taxation and social security

19,838

Other creditors

87,907

159,310