Company Registration No. 13186778 (England and Wales)
THE OAK BUILDERS AND CLEANING SERVICES LTD
Unaudited accounts
for the year ended 28 February 2023
THE OAK BUILDERS AND CLEANING SERVICES LTD
Unaudited accounts
Contents
THE OAK BUILDERS AND CLEANING SERVICES LTD
Company Information
for the year ended 28 February 2023
Company Number
13186778 (England and Wales)
Registered Office
1 SEAFORTH GROVE
LEEDS
LS9 6AL
ENGLAND
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
THE OAK BUILDERS AND CLEANING SERVICES LTD
Statement of financial position
as at 28 February 2023
Tangible assets
2,528
3,159
Cash at bank and in hand
5,588
11,239
Creditors: amounts falling due within one year
(1,954)
-
Net current assets
12,725
17,061
Total assets less current liabilities
15,253
20,220
Creditors: amounts falling due after more than one year
(14,344)
(18,669)
Called up share capital
50
50
Profit and loss account
859
1,501
Shareholders' funds
909
1,551
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 director acknowledges his 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 and authorised for issue on 29 November 2023 and were signed on its behalf by
Henry ADJEI
Director
Company Registration No. 13186778
THE OAK BUILDERS AND CLEANING SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2023
THE OAK BUILDERS AND CLEANING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 13186778. The registered office is 1 SEAFORTH GROVE, LEEDS, LS9 6AL, 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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% diminishing balance method.
Computer equipment
20% diminishing balance method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
THE OAK BUILDERS AND CLEANING SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
2,348
1,600
3,948
At 28 February 2023
2,348
1,600
3,948
At 1 March 2022
469
320
789
Charge for the year
375
256
631
At 28 February 2023
844
576
1,420
At 28 February 2023
1,504
1,024
2,528
At 28 February 2022
1,879
1,280
3,159
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,954
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).