J.L. O'Rourke & Sons Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01015341 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

J.L. O'ROURKE & SONS LIMITED

Page

Company Information

1

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

646,865

145,263

CURRENT ASSETS

Debtors

6

1,351,442

1,261,744

Cash at bank and in hand

685,843

100,677

2,037,285

1,362,421

CREDITORS

Amounts falling due within one year

7

1,873,836

1,100,077

NET CURRENT ASSETS

163,449

262,344

TOTAL ASSETS LESS CURRENT LIABILITIES

810,314

407,607

CREDITORS

Amounts falling due after more than one year

8

2,214

15,274

NET ASSETS

808,100

392,333

CAPITAL AND RESERVES

Called up share capital

10

3,000

3,000

Retained earnings

805,100

389,333

SHAREHOLDERS' FUNDS

808,100

392,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 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 Board of Directors on 21 March 2018 and were signed on its behalf by:

J L 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 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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 30 June 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 July 2015.

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 50 per cent provision for 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

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 25 .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2016

-

309,871

309,871

Additions

462,910

83,048

545,958

At 30 June 2017

462,910

392,919

855,829

DEPRECIATION

At 1 July 2016

-

164,608

164,608

Charge for year

-

44,356

44,356

At 30 June 2017

-

208,964

208,964

NET BOOK VALUE

At 30 June 2017

462,910

183,955

646,865

At 30 June 2016

-

145,263

145,263

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

Plant and

machinery

etc

£

COST

At 1 July 2016

113,055

Transfer to ownership

(19,650

)

At 30 June 2017

93,405

DEPRECIATION

At 1 July 2016

41,430

Charge for year

17,906

Transfer to ownership

(15,966

)

At 30 June 2017

43,370

NET BOOK VALUE

At 30 June 2017

50,035

At 30 June 2016

71,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

1,203,946

1,144,552

Other debtors

147,496

117,192

1,351,442

1,261,744

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

-

94,480

Hire purchase contracts

16,558

24,638

Trade creditors

225,740

194,477

Taxation and social security

416,578

314,046

Other creditors

1,214,960

472,436

1,873,836

1,100,077

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Hire purchase contracts

2,214

15,274

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.17

30.6.16

£

£

Bank overdraft

-

93,066

Bank loans

-

1,414

Hire purchase contracts

18,772

39,912

18,772

134,392

Bank loans and overdrafts are secured by way of a legal charge over the assets of the company.

Hire purchase agreements are secured over the assets to which the agreements relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

2,100

A Ordinary

£1

2,100

2,100

900

B Ordinary

£1

900

900

3,000

3,000

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and

30 June 2016:

30.6.17

30.6.16

£

£

J L O'Rourke and L J O'Rourke

Balance outstanding at start of year

44,679

10,329

Amounts advanced

568,650

739,900

Amounts repaid

(908,136

)

(705,550

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(294,807

)

44,679

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 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 2017 which

comprise the Statement of Comprehensive Income, Balance Sheet, 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

21 March 2018