A. & A. O'Neill Ltd - Period Ending 2016-03-31

A. & A. O'Neill Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

A. & A. O'Neill Ltd

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A. & A. O'Neill Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A. & A. O'Neill Ltd for the year ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of A. & A. O'Neill Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A. & A. O'Neill Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. & A. O'Neill Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A. & A. O'Neill Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A. & A. O'Neill Ltd. You consider that A. & A. O'Neill Ltd 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 accounts of A. & A. O'Neill Ltd. 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 accounts.

......................................

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

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

Page 1

A. & A. O'Neill Ltd

(Registration number: 06813836)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	5,149	5,072
Current assets
Debtors		3,990	1,439
Cash at bank and in hand		34,922	12,424
		38,912	13,863
Creditors: Amounts falling due within one year		(20,118)	(7,758)
Net current assets		18,794	6,105
Total assets less current liabilities		23,943	11,177
Provisions for liabilities		(1,030)	(1,205)
Accruals and deferred income		(1,437)	(1,124)
Net assets		21,476	8,848
Capital and reserves
Called up share capital	3	800	800
Profit and loss account		20,676	8,048
Shareholders funds		21,476	8,848

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 December 2016 and signed on its behalf by:

.........................................
Mr AA O'Neill
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

A. & A. O'Neill Ltd

Notes to the Abbreviated Accounts

Accounting policies

Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on reducing balance
Fixtures and fittings	20% on reducing balance
Office equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	12,537	12,537
Additions	2,239	2,239
At 31 March 2016	14,776	14,776
Depreciation
At 1 April 2015	7,465	7,465
Charge for the year	2,162	2,162
At 31 March 2016	9,627	9,627
Net book value
At 31 March 2016	5,149	5,149
At 31 March 2015	5,072	5,072

Page 3

A. & A. O'Neill Ltd

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	800	800	800	800

Related party transactions

Transactions with directors

Other transactions with directors
The prior year overdrawn director's loan accounts have been repaid by both directors.

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4