Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truefalseNo description of principal activity2121trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02937129 2022-04-01 2023-03-31 02937129 2021-04-01 2022-03-31 02937129 2023-03-31 02937129 2022-03-31 02937129 c:Director1 2022-04-01 2023-03-31 02937129 d:OfficeEquipment 2022-04-01 2023-03-31 02937129 d:OfficeEquipment 2023-03-31 02937129 d:OfficeEquipment 2022-03-31 02937129 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02937129 d:ComputerEquipment 2022-04-01 2023-03-31 02937129 d:CurrentFinancialInstruments 2023-03-31 02937129 d:CurrentFinancialInstruments 2022-03-31 02937129 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02937129 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02937129 d:ShareCapital 2023-03-31 02937129 d:ShareCapital 2022-03-31 02937129 d:CapitalRedemptionReserve 2023-03-31 02937129 d:CapitalRedemptionReserve 2022-03-31 02937129 d:RetainedEarningsAccumulatedLosses 2023-03-31 02937129 d:RetainedEarningsAccumulatedLosses 2022-03-31 02937129 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02937129 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 02937129 c:FRS102 2022-04-01 2023-03-31 02937129 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02937129 c:FullAccounts 2022-04-01 2023-03-31 02937129 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02937129 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02937129









OAKDENE HOLLINS LTD.







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
OAKDENE HOLLINS LTD.
REGISTERED NUMBER: 02937129

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,521
22,448

  
16,521
22,448

Current assets
  

Debtors: amounts falling due within one year
 5 
289,156
354,949

Cash at bank and in hand
 6 
735,278
530,096

  
1,024,434
885,045

Creditors: amounts falling due within one year
 7 
(675,471)
(440,507)

Net current assets
  
 
 
348,963
 
 
444,538

Total assets less current liabilities
  
365,484
466,986

Provisions for liabilities
  

Deferred tax
 9 
(4,131)
(4,265)

  
 
 
(4,131)
 
 
(4,265)

Net assets
  
361,353
462,721


Capital and reserves
  

Called up share capital 
  
61
61

Capital redemption reserve
  
39
39

Profit and loss account
  
361,253
462,621

  
361,353
462,721


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
OAKDENE HOLLINS LTD.
REGISTERED NUMBER: 02937129
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D P Fitzsimons
Director

Date: 23 October 2023

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Oakdene Hollins Limited is a company limited by shares incorporated in England and Wales within the
United Kingdom. The address of the registered office is Ardenham Court, Oxford Road, Aylesbury,
Buckinghamshire, HP19 8HT.
The company's principal activity is that of research and consulting for the circular economy.
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer and office equipment
-
25% - 50% straight line
Web development and software
-
50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations. The Company also
contributes fixed amounts into the personal pension plan of one of their employees.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings
when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The
assets of the plans are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 21).

Page 6

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
101,159


Additions
3,039


Disposals
(33,009)



At 31 March 2023

71,189



Depreciation


At 1 April 2022
78,711


Charge for the year on owned assets
8,966


Disposals
(33,009)



At 31 March 2023

54,668



Net book value



At 31 March 2023
16,521



At 31 March 2022
22,448


5.


Debtors

2023
2022
£
£


Trade debtors
257,919
318,689

Other debtors
21,016
11,451

Prepayments and accrued income
10,221
24,809

289,156
354,949


Page 7

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
735,278
530,096

735,278
530,096



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
32,362
41,666

Trade creditors
72,167
89,243

Other taxation and social security
75,417
57,149

Other creditors
2,125
1,960

Accruals and deferred income
493,400
250,489

675,471
440,507


2023
2022
£
£

Other taxation and social security

PAYE/NI control
17,685
17,444

Withholding taxes
4,622
-

VAT control
53,110
39,705

75,417
57,149


Page 8

 
OAKDENE HOLLINS LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
32,362
41,666


32,362
41,666




32,362
41,666



9.


Deferred taxation




2023


£






At beginning of year
(4,265)


Charged to profit or loss
134



At end of year
(4,131)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,131)
(4,265)

(4,131)
(4,265)


10.


Pension commitments

During the year the company contributed to the personal pension schemes of employees. The pension
cost charge represents contributions payable by the company to the funds and amounted to £15,028
(2022: £12,839).

 
Page 9