IRIS Accounts Production v23.2.0.158 09990639 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099906392022-02-28099906392023-02-28099906392022-03-012023-02-28099906392021-02-28099906392021-03-012022-02-28099906392022-02-2809990639ns10:Originalns15:EnglandWales2022-03-012023-02-2809990639ns14:PoundSterlingns10:Original2022-03-012023-02-2809990639ns10:Originalns10:Director12022-03-012023-02-2809990639ns10:Original2022-03-012023-02-2809990639ns10:Original2023-02-2809990639ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2809990639ns10:Originalns10:SmallEntities2022-03-012023-02-2809990639ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2809990639ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2809990639ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2809990639ns10:Originalns10:FullAccounts2022-03-012023-02-2809990639ns10:Original2021-03-012022-02-2809990639ns10:Originalns10:RegisteredOffice2022-03-012023-02-2809990639ns10:Original2022-02-2809990639ns10:Originalns5:CurrentFinancialInstruments2023-02-2809990639ns10:Originalns5:CurrentFinancialInstruments2022-02-2809990639ns10:Originalns5:Non-currentFinancialInstruments2023-02-2809990639ns10:Originalns5:Non-currentFinancialInstruments2022-02-2809990639ns5:ShareCapitalns10:Original2023-02-2809990639ns5:ShareCapitalns10:Original2022-02-2809990639ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2809990639ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2809990639ns10:Originalns5:PlantMachinery2022-03-012023-02-2809990639ns10:Originalns5:LandBuildings2022-02-2809990639ns10:Originalns5:PlantMachinery2022-02-2809990639ns10:Original2022-02-2809990639ns10:Originalns5:LandBuildings2022-03-012023-02-2809990639ns10:Originalns5:LandBuildings2023-02-2809990639ns10:Originalns5:PlantMachinery2023-02-2809990639ns10:Originalns5:LandBuildings2022-02-2809990639ns10:Originalns5:PlantMachinery2022-02-28
REGISTERED NUMBER: 09990639 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Oakast Ltd

Oakast Ltd (Registered number: 09990639)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakast Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr C Jones





REGISTERED OFFICE: 40 Sandpits Road
Ludlow
Shropshire
SY8 1HW





REGISTERED NUMBER: 09990639 (England and Wales)





ACCOUNTANTS: Golden Valley Accountancy Limited
Unit 4
Westwood Industrial Estate
Pontrilas
Herefordshire
HR2 0EL

Oakast Ltd (Registered number: 09990639)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,277 22,157

CURRENT ASSETS
Cash at bank 37 66

CREDITORS
Amounts falling due within one year 5 11,242 9,520
NET CURRENT LIABILITIES (11,205 ) (9,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,072

12,703

CREDITORS
Amounts falling due after more than
one year

6

-

1,556
NET ASSETS 10,072 11,147

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,071 11,146
SHAREHOLDERS' FUNDS 10,072 11,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Oakast Ltd (Registered number: 09990639)

Balance Sheet - continued
28 February 2023


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 Mr. C. Jones the director and authorised for issue on 17 October 2023 and were signed by:





Mr C Jones - Director


Oakast Ltd (Registered number: 09990639)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Oakast 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Oakast Ltd (Registered number: 09990639)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 17,759 10,739 28,498
DEPRECIATION
At 1 March 2022 - 6,341 6,341
Charge for year - 880 880
At 28 February 2023 - 7,221 7,221
NET BOOK VALUE
At 28 February 2023 17,759 3,518 21,277
At 28 February 2022 17,759 4,398 22,157

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 1,485 333
Trade creditors 210 660
Taxation and social security (44 ) 2,498
Other creditors 9,591 6,029
11,242 9,520

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1,556