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OAKLEAF BUILDING LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2023




















Company Registration Number - 09459068





















1.
OAKLEAF BUILDING LIMITED
COMPANY NUMBER - 09459068

Balance sheet as at 28 February 2023





2023
2022

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
10,000
10,000





Tangible assets 5
120,000
144,862





130,000
154,862

Current assets




Stocks
202,595
110,678

Cash at bank and in hand
36,511
76,275




239,106
186,953
Current liabilities




Creditors - Amounts
falling due within one year 6 97,580
107,230


NET CURRENT ASSETS

141,526
79,723


Total assets less current liabilities

271,526
234,585






Creditors - Amounts falling

due after more than one year 6
(82,594)
(93,196)


Net assets

188,932
141,389














2.
OAKLEAF BUILDING LIMITED
COMPANY NUMBER - 09459068

Balance sheet as at 28 February 2023





2023
2022

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 7
1
1

Profit and Loss account

188,931
141,388


Shareholders' funds

188,932
141,389



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 28 February 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


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.


These accounts were approved by the board on 17 November 2023.
and signed on their behalf by:




S M ANTHONY



Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
OAKLEAF BUILDING LIMITED

Notes to the Financial Statements

For the year ended 28 February 2023


1. General Information

OAKLEAF BUILDING LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 09459068.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Intangible fixed assets

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Plant and machinery - 20% reducing balance

Motor vehicles - 20% reducing balance


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


3. Employees

The average number employed by the company (including directors) during the year 2023 was 3
and in the previous year 2022 was 3.


4.
OAKLEAF BUILDING LIMITED

Notes to the Financial Statements

For the year ended 28 February 2023


4. Fixed assets - intangible

Goodwill


Fair value £
At 1 March 2022 10,000
and 28 February 2023

Net book values
At 28 February 2023 10,000

At 1 March 2022 10,000


5. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 March 2022 250,430
and 28 February 2023


Depreciation
At 1 March 2022 105,568
Charge for year 16,346
On disposals 8,516

At 28 February 2023 130,430

Net book values
At 28 February 2023 120,000
At 1 March 2022 144,862



Of the above assets the following are held under finance leases or
hire purchase agreements:



2023
2022


£
£
Net book amounts
Motor vehicles 78,438
87,153



Depreciation charge for year
Motor vehicles 8,715
7,000





5.
OAKLEAF BUILDING LIMITED

Notes to the Financial Statements

For the year ended 28 February 2023




2023
2022


£
£
6. Creditors

Amounts falling due within one year:



Trade creditors 71,797
105,064
Taxation and social security 25,668
1,250
Director's Current Accounts 115
916


97,580 107,230


Amounts falling due after one year:



Hire purchase liabilities 82,594
93,196




7. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 1
1