Company Registration No. 7208311 (England and Wales)
Oakdene Finishes Limited
Unaudited accounts
for the year ended 31 March 2023
Oakdene Finishes Limited
Unaudited accounts
Contents
Oakdene Finishes Limited
Company Information
for the year ended 31 March 2023
Directors
D J Higgs
J K Higgs
Company Number
7208311 (England and Wales)
Registered Office
Winterton House
High Street
Westerham
TN16 1AQ
Accountants
Le Forts
Winterton House, First Floor West
High Street
Westerham
Kent
TN16 1AQ
Oakdene Finishes Limited
Statement of financial position
as at 31 March 2023
Tangible assets
30,875
28,984
Cash at bank and in hand
2,620,793
877,993
Creditors: amounts falling due within one year
(664,004)
(376,770)
Net current assets
3,243,038
1,046,654
Total assets less current liabilities
3,273,913
1,075,638
Creditors: amounts falling due after more than one year
(75,064)
(104,133)
Provisions for liabilities
Deferred tax
(5,866)
(5,507)
Net assets
3,192,983
965,998
Called up share capital
100
100
Profit and loss account
3,192,883
965,898
Shareholders' funds
3,192,983
965,998
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 12 October 2023 and were signed on its behalf by
D J Higgs
Director
Company Registration No. 7208311
Oakdene Finishes Limited
Notes to the Accounts
for the year ended 31 March 2023
Oakdene Finishes Limited is a private company, limited by shares, registered in England and Wales, registration number 7208311. The registered office is Winterton House, High Street, Westerham, TN16 1AQ.
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.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
22,454
58,988
1,685
6,086
89,213
Additions
6,392
-
-
5,791
12,183
Disposals
-
(9,695)
-
-
(9,695)
At 31 March 2023
28,846
49,293
1,685
11,877
91,701
At 1 April 2022
13,743
42,391
1,152
2,943
60,229
Charge for the year
3,776
4,149
133
2,234
10,292
On disposals
-
(9,695)
-
-
(9,695)
At 31 March 2023
17,519
36,845
1,285
5,177
60,826
At 31 March 2023
11,327
12,448
400
6,700
30,875
At 31 March 2022
8,711
16,597
533
3,143
28,984
Oakdene Finishes Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
809,747
175,778
Accrued income and prepayments
1,000
-
Other debtors
280,015
233,083
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
38,238
38,367
Trade creditors
12,324
168,146
Taxes and social security
605,487
164,198
Other creditors
5,605
3,709
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
During the year the shareholders withdrew £252,414 in dividends.
10
Average number of employees
During the year the average number of employees was 8 (2022: 7).