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Company Registration No. 11056265 (England and Wales)
OAD STREET FOOD AND CRAFTS LIMITED Unaudited accounts for the year ended 28 February 2023
OAD STREET FOOD AND CRAFTS LIMITED Unaudited accounts Contents
Page
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OAD STREET FOOD AND CRAFTS LIMITED Company Information for the year ended 28 February 2023
Directors
Rebecca Kingsnorth Michael John Woodcock
Company Number
11056265 (England and Wales)
Registered Office
OAD STREET FOOD AND CRAFTS LIMITED OAD S BORDEN SITTINGBOURNE ME9 8LB ENGLAND
Accountants
Williams Stanley and Co
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OAD STREET FOOD AND CRAFTS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,250 
5,900 
Tangible assets
274,586 
252,025 
279,836 
257,925 
Current assets
Inventories
27,418 
24,633 
Debtors
29,110 
8,100 
Cash at bank and in hand
(7,804)
(17,181)
48,724 
15,552 
Creditors: amounts falling due within one year
(121,466)
(90,961)
Net current liabilities
(72,742)
(75,409)
Total assets less current liabilities
207,094 
182,516 
Creditors: amounts falling due after more than one year
(111,867)
(86,667)
Net assets
95,227 
95,849 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
95,226 
95,848 
Shareholders' funds
95,227 
95,849 
For the year ending 28 February 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 14 November 2023 and were signed on its behalf by
Michael John Woodcock Director Company Registration No. 11056265
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OAD STREET FOOD AND CRAFTS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
OAD STREET FOOD AND CRAFTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11056265. The registered office is OAD STREET FOOD AND CRAFTS LIMITED OAD S, BORDEN, SITTINGBOURNE, ME9 8LB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5%
Plant & machinery
15%
Fixtures & fittings
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
8,500 
At 28 February 2023
8,500 
Amortisation
At 1 March 2022
2,600 
Charge for the year
650 
At 28 February 2023
3,250 
Net book value
At 28 February 2023
5,250 
At 28 February 2022
5,900 
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OAD STREET FOOD AND CRAFTS LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
156,588 
116,205 
22,610 
295,403 
Additions
49,038 
8,300 
994 
58,332 
At 28 February 2023
205,626 
124,505 
23,604 
353,735 
Depreciation
At 1 March 2022
2,747 
36,927 
3,704 
43,378 
Charge for the year
9,699 
18,306 
7,766 
35,771 
At 28 February 2023
12,446 
55,233 
11,470 
79,149 
Net book value
At 28 February 2023
193,180 
69,272 
12,134 
274,586 
At 28 February 2022
153,841 
79,278 
18,906 
252,025 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,959 
27 
Accrued income and prepayments
7,384 
6,016 
Other debtors
8,767 
2,057 
29,110 
8,100 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
40,051 
22,630 
Trade creditors
34,457 
37,533 
Taxes and social security
(64,883)
(47,630)
Other creditors
82,584 
16,269 
Loans from directors
23,575 
49,948 
Accruals
5,682 
12,211 
121,466 
90,961 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
111,867 
86,667 
9
Average number of employees
During the year the average number of employees was 30 (2022: 30).
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