Company Registration No. 8680060 (England and Wales)
OAKWELL (LEEDS) LTD
Unaudited accounts
for the year ended 31 March 2022
OAKWELL (LEEDS) LTD
Unaudited accounts
Contents
OAKWELL (LEEDS) LTD
Company Information
for the year ended 31 March 2022
Company Number
8680060 (England and Wales)
Registered Office
23 COPGROVE ROAD
LEEDS
LS8 2SP
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
OAKWELL (LEEDS) LTD
Statement of financial position
as at 31 March 2022
Tangible assets
581,989
499,915
Cash at bank and in hand
83,702
168,395
Creditors: amounts falling due within one year
(606,296)
(628,050)
Net current liabilities
(522,494)
(459,555)
Total assets less current liabilities
59,495
40,360
Creditors: amounts falling due after more than one year
(25,000)
(25,000)
Called up share capital
100
100
Profit and loss account
34,395
15,260
Shareholders' funds
34,495
15,360
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 July 2022 and were signed on its behalf by
M Iqbal
Director
Company Registration No. 8680060
OAKWELL (LEEDS) LTD
Notes to the Accounts
for the year ended 31 March 2022
OAKWELL (LEEDS) LTD is a private company, limited by shares, registered in England and Wales, registration number 8680060. The registered office is 23 COPGROVE ROAD, LEEDS, LS8 2SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Buying and selling of own real estate
OAKWELL (LEEDS) LTD
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
475,520
3,259
29,319
508,098
Additions
87,000
-
-
87,000
At 31 March 2022
562,520
3,259
29,319
595,098
At 1 April 2021
-
2,320
5,863
8,183
Charge for the year
-
235
4,691
4,926
At 31 March 2022
-
2,555
10,554
13,109
At 31 March 2022
562,520
704
18,765
581,989
At 31 March 2021
475,520
939
23,456
499,915
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Other creditors
605,576
623,700
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).