1 March 2022 false No description of principal activity Taxfiler 2023.9 08387775business:PrivateLimitedCompanyLtd2022-03-012023-02-28 083877752022-02-28 083877752022-03-012023-02-28 08387775business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 08387775business:FilletedAccounts2022-03-012023-02-28 083877752023-02-28 08387775business:Director12022-03-012023-02-28 08387775business:RegisteredOffice2022-03-012023-02-28 083877752022-02-28 08387775core:WithinOneYear2023-02-28 08387775core:WithinOneYear2022-02-28 08387775core:AfterOneYear2023-02-28 08387775core:AfterOneYear2022-02-28 08387775core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 08387775core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 08387775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08387775core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 08387775core:PreviouslyStatedAmount2023-02-28 08387775core:PreviouslyStatedAmount2022-02-28 08387775business:SmallEntities2022-03-012023-02-28 08387775countries:EnglandWales2022-03-012023-02-28 08387775core:Goodwill2022-02-28 08387775core:Goodwill2023-02-28 08387775core:Goodwill2022-03-012023-02-28 08387775core:MotorVehicles2022-02-28 08387775core:ComputerEquipment2022-02-28 08387775core:MotorVehicles2022-03-012023-02-28 08387775core:ComputerEquipment2022-03-012023-02-28 08387775core:MotorVehicles2023-02-28 08387775core:ComputerEquipment2023-02-28 083877752021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08387775 (England and Wales)
OAKVIEW CARS LIMITED Unaudited accounts for the year ended 28 February 2023
OAKVIEW CARS LIMITED Unaudited accounts Contents
Page
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OAKVIEW CARS LIMITED Company Information for the year ended 28 February 2023
Director
MR SHAID KHALIQ
Company Number
08387775 (England and Wales)
Registered Office
UNIT 1, BASINGSTOKE RAILWAY STATION HILL BASINGSTOKE RG21 5NE
Accountants
SUBLIME CONSULTING LTD INYANGA MORRIS STREET HOOK RG27 9NS
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OAKVIEW CARS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
166,000 
193,000 
Tangible assets
793,814 
387,119 
959,814 
580,119 
Current assets
Debtors
221,941 
207,611 
Cash at bank and in hand
108,117 
81,231 
330,058 
288,842 
Creditors: amounts falling due within one year
(1,187,527)
(1,020,789)
Net current liabilities
(857,469)
(731,947)
Total assets less current liabilities
102,345 
(151,828)
Creditors: amounts falling due after more than one year
- 
(116,184)
Net assets/(liabilities)
102,345 
(268,012)
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
102,340 
(268,017)
Shareholders' funds
102,345 
(268,012)
For the year ending 28 February 2023 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 29 September 2023 and were signed on its behalf by
MR SHAID KHALIQ Director Company Registration No. 08387775
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OAKVIEW CARS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
OAKVIEW CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08387775. The registered office is UNIT 1, BASINGSTOKE RAILWAY , STATION HILL, BASINGSTOKE, RG21 5NE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
270,000 
At 28 February 2023
270,000 
Amortisation
At 1 March 2022
77,000 
Charge for the year
27,000 
At 28 February 2023
104,000 
Net book value
At 28 February 2023
166,000 
At 28 February 2022
193,000 
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OAKVIEW CARS LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
812,651 
14,172 
826,823 
Additions
878,848 
- 
878,848 
Disposals
(568,435)
- 
(568,435)
At 28 February 2023
1,123,064 
14,172 
1,137,236 
Depreciation
At 1 March 2022
430,016 
9,688 
439,704 
Charge for the year
197,489 
1,121 
198,610 
On disposals
(294,892)
- 
(294,892)
At 28 February 2023
332,613 
10,809 
343,422 
Net book value
At 28 February 2023
790,451 
3,363 
793,814 
At 28 February 2022
382,635 
4,484 
387,119 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
221,941 
185,152 
Other debtors
- 
22,459 
221,941 
207,611 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,846 
- 
VAT
76,996 
- 
Obligations under finance leases and hire purchase contracts
912,606 
210,910 
Trade creditors
91,086 
88,064 
Taxes and social security
11,520 
171,417 
Other creditors
- 
299,186 
Loans from directors
64,473 
251,212 
1,187,527 
1,020,789 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
41,942 
Obligations under finance leases and hire purchase contracts
- 
74,242 
- 
116,184 
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).
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