Company Registration No. 05223976 (England and Wales)
Oakfield Ltd
Unaudited accounts
for the year ended 31 March 2023
Oakfield Ltd
Unaudited accounts
Contents
Oakfield Ltd
Company Information
for the year ended 31 March 2023
Company Number
05223976 (England and Wales)
Registered Office
5 Sunnybank Grove
Thornbury
Bradford
West Yorkshire
BD3 7DJ
England
Accountants
True North Accountancy Ltd
19 Forest Crescent
Illingworth
Halifax
West Yorkshire
HX2 8DS
Oakfield Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
10,531
1,178
Creditors: amounts falling due within one year
(126,413)
(116,382)
Net current assets
4,079
1,007
Called up share capital
4
4
Profit and loss account
4,075
1,003
Shareholders' funds
4,079
1,007
For the year ending 31 March 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 22 September 2023 and were signed on its behalf by
Robert Lock
Director
Company Registration No. 05223976
Oakfield Ltd
Notes to the Accounts
for the year ended 31 March 2023
Oakfield Ltd is a private company, limited by shares, registered in England and Wales, registration number 05223976. The registered office is 5 Sunnybank Grove, Thornbury, Bradford, West Yorkshire, BD3 7DJ, England.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Amounts falling due within one year
Other debtors
119,961
116,211
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
708
54
Loans from directors
123,502
116,328
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
Oakfield Ltd
Notes to the Accounts
for the year ended 31 March 2023
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).