Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01Supply of hydraulic & pneumatic seals55truetrue 01724112 2022-06-01 2023-05-31 01724112 2021-06-01 2022-05-31 01724112 2023-05-31 01724112 2022-05-31 01724112 c:Director1 2022-06-01 2023-05-31 01724112 d:PlantMachinery 2022-06-01 2023-05-31 01724112 d:FurnitureFittings 2022-06-01 2023-05-31 01724112 d:ComputerEquipment 2022-06-01 2023-05-31 01724112 d:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 01724112 d:OtherPropertyPlantEquipment 2023-05-31 01724112 d:OtherPropertyPlantEquipment 2022-05-31 01724112 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 01724112 d:CurrentFinancialInstruments 2023-05-31 01724112 d:CurrentFinancialInstruments 2022-05-31 01724112 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01724112 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 01724112 d:ShareCapital 2023-05-31 01724112 d:ShareCapital 2022-05-31 01724112 d:RetainedEarningsAccumulatedLosses 2023-05-31 01724112 d:RetainedEarningsAccumulatedLosses 2022-05-31 01724112 c:FRS102 2022-06-01 2023-05-31 01724112 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 01724112 c:FullAccounts 2022-06-01 2023-05-31 01724112 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 01724112










OAKWADE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
OAKWADE LIMITED
REGISTERED NUMBER: 01724112

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,494
693

  
3,494
693

Current assets
  

Stocks
 5 
402,621
309,193

Debtors: amounts falling due within one year
 6 
227,524
195,559

Cash at bank and in hand
 7 
127,025
105,792

  
757,170
610,544

Creditors: amounts falling due within one year
 8 
(269,302)
(169,559)

Net current assets
  
 
 
487,868
 
 
440,985

Total assets less current liabilities
  
491,362
441,678

  

Net assets
  
491,362
441,678


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
481,362
431,678

  
491,362
441,678


Page 1

 
OAKWADE LIMITED
REGISTERED NUMBER: 01724112
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

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.

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 comprehensive income 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: 



Mr M S J Litherland
Director

Date: 22 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OAKWADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
Maritime House
Harbour Walk
The Marina
Hartlepool
TS24 0UX 

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 policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction 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

 
OAKWADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Plant & machinery
-
over 5 years straight line
Fixtures & fittings
-
over 5 years straight line
Computer equipment
-
over 3 years straight line

 
2.4

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 4

 
OAKWADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 June 2022
82,941


Additions
3,740



At 31 May 2023

86,681



Depreciation


At 1 June 2022
82,249


Charge for the year on owned assets
938



At 31 May 2023

83,187



Net book value



At 31 May 2023
3,494



At 31 May 2022
693


5.


Stocks

2023
2022
£
£

Raw materials and consumables
402,621
309,193

402,621
309,193


Page 5

 
OAKWADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
174,465
161,910

Other debtors
43,331
24,316

Prepayments and accrued income
9,728
9,333

227,524
195,559



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
127,025
105,792

127,025
105,792



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
79,949
58,243

Corporation tax
62,292
72,338

Other taxation and social security
1,941
2,199

Other creditors
121,375
33,744

Accruals and deferred income
3,745
3,035

269,302
169,559


 
Page 6