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REGISTERED NUMBER: 02362283 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Oakwood Design Services Limited

Oakwood Design Services Limited (Registered number: 02362283)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakwood Design Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M A Addinall





REGISTERED OFFICE: 35 Crofton Rise
Shadwell
Leeds
West Yorkshire
LS17 8LE





REGISTERED NUMBER: 02362283 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Oakwood Design Services Limited (Registered number: 02362283)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 368 183

CURRENT ASSETS
Debtors 5 5,031 2,320
Cash at bank 79,547 37,228
84,578 39,548
CREDITORS
Amounts falling due within one year 6 18,798 11,952
NET CURRENT ASSETS 65,780 27,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,148

27,779

PROVISIONS FOR LIABILITIES 70 45
NET ASSETS 66,078 27,734

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,978 27,634
SHAREHOLDERS' FUNDS 66,078 27,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Oakwood Design Services Limited (Registered number: 02362283)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





M A Addinall - Director


Oakwood Design Services Limited (Registered number: 02362283)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Oakwood Design Services Limited 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 represents amounts chargeable to clients for professional services provided during the year including recoverable expenses, but excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Oakwood Design Services Limited (Registered number: 02362283)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 1,183 208 1,391
Additions - 299 299
At 31 July 2023 1,183 507 1,690
DEPRECIATION
At 1 August 2022 1,117 91 1,208
Charge for year 10 104 114
At 31 July 2023 1,127 195 1,322
NET BOOK VALUE
At 31 July 2023 56 312 368
At 31 July 2022 66 117 183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Prepayments and accrued income 5,031 2,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 11,254 6,496
Other creditors 7,544 5,456
18,798 11,952

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
M A Addinall
Balance outstanding at start of year (1,140 ) (508 )
Amounts advanced 1,140 5,120
Amounts repaid - (5,752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,140 )