4 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 9,826 1,387 11,213 7,510 805 8,315 2,898 2,316 xbrli:pure xbrli:shares iso4217:GBP 03389541 2022-04-01 2023-05-31 03389541 2023-05-31 03389541 2022-03-31 03389541 2021-04-01 2022-03-31 03389541 2022-03-31 03389541 core:PlantMachinery 2022-04-01 2023-05-31 03389541 bus:Director2 2022-04-01 2023-05-31 03389541 core:PlantMachinery 2022-03-31 03389541 core:PlantMachinery 2023-05-31 03389541 core:WithinOneYear 2023-05-31 03389541 core:WithinOneYear 2022-03-31 03389541 core:AfterOneYear 2023-05-31 03389541 core:AfterOneYear 2022-03-31 03389541 core:ShareCapital 2023-05-31 03389541 core:ShareCapital 2022-03-31 03389541 core:CapitalRedemptionReserve 2023-05-31 03389541 core:CapitalRedemptionReserve 2022-03-31 03389541 core:RetainedEarningsAccumulatedLosses 2023-05-31 03389541 core:RetainedEarningsAccumulatedLosses 2022-03-31 03389541 core:PlantMachinery 2022-03-31 03389541 bus:SmallEntities 2022-04-01 2023-05-31 03389541 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-05-31 03389541 bus:FullAccounts 2022-04-01 2023-05-31 03389541 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-05-31 03389541 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-05-31
COMPANY REGISTRATION NUMBER: 03389541
The Oakridge Centre Limited
Filleted Unaudited Financial Statements
For the period ended
31 May 2023
The Oakridge Centre Limited
Statement of Financial Position
31 May 2023
31 May 23
31 Mar 22
Note
£
£
£
£
Fixed assets
Tangible assets
5
2,898
2,316
Current assets
Debtors
6
118,286
39,322
Cash at bank and in hand
116,961
189,111
---------
---------
235,247
228,433
Creditors: amounts falling due within one year
7
129,834
175,510
---------
---------
Net current assets
105,413
52,923
---------
--------
Total assets less current liabilities
108,311
55,239
Creditors: amounts falling due after more than one year
8
21,516
35,649
Provisions
725
---------
--------
Net assets
86,070
19,590
---------
--------
Capital and reserves
Called up share capital
84
84
Capital redemption reserve
127
127
Profit and loss account
85,859
19,379
--------
--------
Shareholders funds
86,070
19,590
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Oakridge Centre Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Mr S D Cranwell
Director
Company registration number: 03389541
The Oakridge Centre Limited
Notes to the Financial Statements
Period from 1 April 2022 to 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Centurion House, 129 Deansgate, Manchester, M3 3WR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover in the respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 4 (2022: 4 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 April 2022
9,826
Additions
1,387
--------
At 31 May 2023
11,213
--------
Depreciation
At 1 April 2022
7,510
Charge for the period
805
--------
At 31 May 2023
8,315
--------
Carrying amount
At 31 May 2023
2,898
--------
At 31 March 2022
2,316
--------
6. Debtors
31 May 23
31 Mar 22
£
£
Trade debtors
107,978
24,266
Amounts owed by group undertakings
8,042
Other debtors
2,266
15,056
---------
--------
118,286
39,322
---------
--------
7. Creditors: amounts falling due within one year
31 May 23
31 Mar 22
£
£
Bank loans and overdrafts
10,041
7,220
Trade creditors
25,045
47,594
Social security and other taxes
39,632
11,626
Other creditors
55,116
109,070
---------
---------
129,834
175,510
---------
---------
8. Creditors: amounts falling due after more than one year
31 May 23
31 Mar 22
£
£
Bank loans and overdrafts
21,516
35,649
--------
--------