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REGISTERED NUMBER: 04983885 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Oakright Ltd

Oakright Ltd (Registered number: 04983885)

Contents of the Financial Statements
for the Year Ended 30 November 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oakright Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: Mr J J Berkeley





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 36 Rayfield Close
Barnston
Dunmow
Essex
CM6 1PL





REGISTERED NUMBER: 04983885 (England and Wales)

Oakright Ltd (Registered number: 04983885)

Balance Sheet
30 November 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 6 2,491 2,327

CREDITORS
Amounts falling due within one year 7 2,486 2,319
NET CURRENT ASSETS 5 8
TOTAL ASSETS LESS CURRENT
LIABILITIES

5

8

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4 7
SHAREHOLDERS' FUNDS 5 8

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 August 2022 and were signed by:





Mr J J Berkeley - Director


Oakright Ltd (Registered number: 04983885)

Notes to the Financial Statements
for the Year Ended 30 November 2021


1. STATUTORY INFORMATION

Oakright 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten years.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Oakright Ltd (Registered number: 04983885)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021


3. ACCOUNTING POLICIES - continued
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.

Covid-19
The Company has been effected by the restrictions imposed by the UK government in response to the COVID-19 pandemic. This has resulted in a loss of income for the Company.

The Directors consider that the resources available to the Company will be sufficient for it to be able to continue as a going concern as the restrictions have been lifted. The financial statements do not contain any adjustments that would be required if the Company was not able to continue as a going concern.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 6,000
AMORTISATION
At 1 December 2020
and 30 November 2021 6,000
NET BOOK VALUE
At 30 November 2021 -
At 30 November 2020 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 2,491 2,327

Included within other debtors disclosed above is a balance of £2,491 (2020 - £2,327) in relation to director's loan account.

Oakright Ltd (Registered number: 04983885)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 2,486 2,319

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its director. Amounts advanced to the director totalled £42,664 (2020 - £40,291), amounts repaid to the company totalled £42,505 (2020 - £40,133) and interest charged on the loan at a rate of 12.3% totalled £5 (2020 - £11). The balance owed to the company at the year end totalled £2,491 (2020 - £2,327) and is repayable on demand.