Eamonn O'Rourke Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09920336 (England and Wales)

Unaudited Financial Statements

For The Year Ended

31 December 2017

for

EAMONN O'ROURKE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

E P O'Rourke

REGISTERED OFFICE:

8 Eastway

Sale

Cheshire

M33 4DX

REGISTERED NUMBER:

09920336 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Tangible assets

4

3,034

3,795

CURRENT ASSETS

Stocks

13,050

-

Debtors

5

1,148

2,696

Cash at bank

767

17,356

14,965

20,052

CREDITORS

Amounts falling due within one year

6

18,232

18,398

NET CURRENT (LIABILITIES)/ASSETS

(3,267

)

1,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

(233

)

5,449

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(333

)

5,349

SHAREHOLDERS' FUNDS

(233

)

5,449

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 17 August 2018 and were signed by:

E P O'Rourke - Director

1.	STATUTORY INFORMATION

Eamonn O'Rourke 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.	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.

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the

customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have

been invoiced the sale is recognised within deferred income in current liabilities until such time a right to

consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken with

the United Kingdom.

Tangible fixed assets

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

Computer equipment

-

25% on cost

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

Carrying amounts of fixed assets in the company's balance sheet are shown net of depreciation charges and,

where applicable, provisions for impairment. Residual values of fixed assets are calculated on prices prevailing

at the balance sheet date if the assets where of the age and condition expected at the end of their useful

economic lives. Profits or losses on the disposal of fixed assets are included in the calculation of profit for the

period.

Stocks and work in progress

Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated based on the charge-out rates of the staff and an estimate of other costs likely to be incurred

in completing the transaction. Work in progress represents amounts which cannot be billed due to failing to

meet the revenue recognition criteria in FRS 102.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual

provisions of the financial instrument.

Cash and Cash equivalents

These comprise cash at bank and other short-term, highly liquid bank deposits with an original maturity of three

months or less.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated

irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the

asset is impaired. Prepayments do not meet the definition of a financial instrument.

Trade Creditors

Amounts in respect of taxation, social security and accrued expenses do not meet the definition of a financial

instrument.

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.

Going concern

As at 31st December 2017 the company sustained a loss of £6,751 and had net liabilities of £1,302. During the

year the director has introduced funds in order to support the company’s working capital requirements. The

director has given assurances that the director’s current account will not be drawn down to the detriment of the

company’s creditors or cash flow and the director considers that the company is a going concern for at least 12

months from the date the financial statements are issued. On this basis, the financial statements have been

prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

5,060

Additions

672

At 31 December 2017

5,732

DEPRECIATION

At 1 January 2017

1,265

Charge for year

1,433

At 31 December 2017

2,698

NET BOOK VALUE

At 31 December 2017

3,034

At 31 December 2016

3,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

-

2,696

Other debtors

79

-

Tax

1,069

-

1,148

2,696

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Tax

-

1,923

Social security and other taxes

8

701

Directors' current accounts

16,546

14,154

Accrued expenses

1,678

1,620

18,232

18,398

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

80

Ordinary A

£1

80

10

Ordinary B

£1

10

Ordinary C

£1

10

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to its directors of £17,481 and received credits of £19,873 from

the directors. The rate of interest charged on these advances was 0% and there were no terms attached to the

advances. At 31 December 2017 the company was indebted to its directors in the sum of £16,546 (2016

indebted to its directors in the sum of £14,154). This loan is repayable on demand.

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements

and the Report of the Director 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 Eamonn O'Rourke Limited for the year ended 31 December 2017 which comprise the Profit and

loss account, 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 director of Eamonn O'Rourke Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eamonn O'Rourke Limited and state those matters that we have agreed to state to the director of Eamonn O'Rourke Limited 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 director for our work or for this report.

It is your duty to ensure that Eamonn O'Rourke 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 loss of Eamonn O'Rourke Limited. You consider that Eamonn O'Rourke 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 Eamonn O'Rourke 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.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................

Eamonn O'Rourke Limited - Accounts to registrar (filleted) - small 18.2

Eamonn O'Rourke Limited - Accounts to registrar (filleted) - small 18.2