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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
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THE OAK BUILDERS AND CLEANING SERVICES LTD Company Information for the year ended 28 February 2023
Director
Henry ADJEI
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
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THE OAK BUILDERS AND CLEANING SERVICES LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,528 
3,159 
Current assets
Inventories
9,091 
5,772 
Debtors
- 
50 
Cash at bank and in hand
5,588 
11,239 
14,679 
17,061 
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)
Net assets
909 
1,551 
Capital and reserves
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
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THE OAK BUILDERS AND CLEANING SERVICES LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
Turnover
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
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.
Financial instruments
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.
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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 
Depreciation
At 1 March 2022
469 
320 
789 
Charge for the year
375 
256 
631 
At 28 February 2023
844 
576 
1,420 
Net book value
At 28 February 2023
1,504 
1,024 
2,528 
At 28 February 2022
1,879 
1,280 
3,159 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
50 
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 
£ 
£ 
Bank loans
14,344 
18,669 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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