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COMPANY REGISTRATION NUMBER: 12524734
OAKLAND HOMES (RIBBLE VALLEY) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2022
OAKLAND HOMES (RIBBLE VALLEY) LTD
STATEMENT OF FINANCIAL POSITION
31 May 2022
31 May 22
31 Mar 21
Note
£
£
£
£
CURRENT ASSETS
Stocks
500,466
Debtors
4
227,629
Cash at bank and in hand
273,124
---------
---------
273,124
728,095
CREDITORS: amounts falling due within one year
5
204,732
756,905
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
68,392
( 28,810)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
68,392
( 28,810)
--------
--------
NET ASSETS/(LIABILITIES)
68,392
( 28,810)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
68,292
( 28,910)
--------
--------
SHAREHOLDERS FUNDS/(DEFICIT)
68,392
( 28,810)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
OAKLAND HOMES (RIBBLE VALLEY) LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2022
These financial statements were approved by the board of directors and authorised for issue on 10 August 2022 , and are signed on behalf of the board by:
W. Thompson
Director
Company registration number: 12524734
OAKLAND HOMES (RIBBLE VALLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 APRIL 2021 TO 31 MAY 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Guardian House, 42 Preston New Road, Blackburn, Lancashire, BB2 6AH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
(c) Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(e) Financial instruments
Basic financial instruments are recognised at amortised cost.
4. DEBTORS
31 May 22
31 Mar 21
£
£
Other debtors
227,629
----
---------
5. CREDITORS: amounts falling due within one year
31 May 22
31 Mar 21
£
£
Bank loans and overdrafts
325,237
Accruals and deferred income
7,119
900
Corporation tax
17,192
Director loan accounts
3,320
1,110
Other creditors
177,101
429,658
---------
---------
204,732
756,905
---------
---------
6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
There are no transactions with directors that require disclosure under FRS 102 Section 1A.
7. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A.