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REGISTERED NUMBER: 08074139 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Oak Hall Media Ltd

Oak Hall Media Ltd (Registered number: 08074139)

Contents of the Financial Statements
For The Year Ended 31 May 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Oak Hall Media Ltd

Company Information
For The Year Ended 31 May 2023







DIRECTOR: Dr D R Bull





REGISTERED OFFICE: 10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 08074139 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Oak Hall Media Ltd (Registered number: 08074139)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,916 98,545

CURRENT ASSETS
Debtors 5 12,661 18,566
Cash at bank 16,930 2,027
29,591 20,593
CREDITORS
Amounts falling due within one year 6 50,160 77,215
NET CURRENT LIABILITIES (20,569 ) (56,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,347

41,923

CREDITORS
Amounts falling due after more than one
year

7

(46,247

)

(56,375

)

PROVISIONS FOR LIABILITIES 9 (16,262 ) (7,393 )
NET LIABILITIES (9,162 ) (21,845 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (9,163 ) (21,846 )
SHAREHOLDERS' FUNDS (9,162 ) (21,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:



Dr D R Bull - Director


Oak Hall Media Ltd (Registered number: 08074139)

Notes to the Financial Statements
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Oak Hall Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 3% on reducing balance
Computer equipment - 33% straight line basis

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Oak Hall Media Ltd (Registered number: 08074139)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 85,388 932 45,084 40,543 171,947
Additions 631 - 9,006 2,821 12,458
At 31 May 2023 86,019 932 54,090 43,364 184,405
DEPRECIATION
At 1 June 2022 37,139 237 8,368 27,658 73,402
Charge for year 12,165 174 11,431 13,317 37,087
At 31 May 2023 49,304 411 19,799 40,975 110,489
NET BOOK VALUE
At 31 May 2023 36,715 521 34,291 2,389 73,916
At 31 May 2022 48,249 695 36,716 12,885 98,545

Oak Hall Media Ltd (Registered number: 08074139)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 45,084
Additions 9,006
At 31 May 2023 54,090
DEPRECIATION
At 1 June 2022 8,368
Charge for year 11,431
At 31 May 2023 19,799
NET BOOK VALUE
At 31 May 2023 34,291
At 31 May 2022 36,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,661 10,380
Other debtors - 8,186
12,661 18,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,700 4,700
Hire purchase contracts 6,545 6,545
Taxation and social security 5,787 728
Other creditors 33,128 65,242
50,160 77,215

Included within bank loans and overdrafts is a loan taken out under the BBL scheme.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,670 18,253
Hire purchase contracts 31,577 38,122
46,247 56,375

Included within bank loans is a loan taken out under the BBL scheme

Oak Hall Media Ltd (Registered number: 08074139)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 38,122 44,667

Finance leases and hire purchase contracts are secured on the assets concerned.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,262 7,393

Deferred
tax
£   
Balance at 1 June 2022 7,393
Charge to Statement of Income and Retained Earnings during year 8,869
Balance at 31 May 2023 16,262

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1 Share capital 1 1 1 1