Company Registration No. 12497017 (England and Wales)
Oakwood Feeds Ltd
Unaudited accounts
for the year ended 31 March 2023
Oakwood Feeds Ltd
Unaudited accounts
Contents
Oakwood Feeds Ltd
Company Information
for the year ended 31 March 2023
Directors
Simon Evans
Sam Evans
Company Number
12497017 (England and Wales)
Registered Office
Unit 2, Jessops Park
Jessop Close, Northern Road Ind Est
NEWARK
Nottinghamshire
NG24 2UD
ENGLAND
Accountants
Rebecca Beaton
Waters Edge
Maltkiln Road
Barton-upon-Humber
Lincolnshire
DN18 5JR
Oakwood Feeds Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
58,809
59,869
Cash at bank and in hand
24,272
-
Creditors: amounts falling due within one year
(141,680)
(59,297)
Net current assets
2,067
19,899
Total assets less current liabilities
60,876
79,768
Creditors: amounts falling due after more than one year
(25,561)
(33,245)
Called up share capital
10
10
Profit and loss account
35,305
46,513
Shareholders' funds
35,315
46,523
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 directors acknowledge their 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 of Directors and authorised for issue on 14 June 2023 and were signed on its behalf by
Simon Evans
Director
Company Registration No. 12497017
Oakwood Feeds Ltd
Notes to the Accounts
for the year ended 31 March 2023
Oakwood Feeds Ltd is a private company, limited by shares, registered in England and Wales, registration number 12497017. The registered office is Unit 2, Jessops Park, Jessop Close, Northern Road Ind Est, NEWARK, Nottinghamshire, NG24 2UD, 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.
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:
Motor vehicles
25% Straightline
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
5,100
55,650
6,750
67,500
Additions
-
16,200
616
16,816
At 31 March 2023
5,100
71,850
7,366
84,316
At 1 April 2022
319
7,312
-
7,631
Charge for the year
1,275
14,913
1,688
17,876
At 31 March 2023
1,594
22,225
1,688
25,507
At 31 March 2023
3,506
49,625
5,678
58,809
At 31 March 2022
4,781
48,338
6,750
59,869
Oakwood Feeds Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
86,948
72,637
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,378
Obligations under finance leases and hire purchase contracts
8,842
-
Trade creditors
122,369
48,352
Taxes and social security
6,606
6,505
Loans from directors
3,863
(1,448)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
25,561
33,245
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).