IRIS Accounts Production v23.4.0.336 12843254 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh128432542022-08-31128432542023-08-31128432542022-09-012023-08-31128432542021-08-31128432542021-09-012022-08-31128432542022-08-3112843254ns15:EnglandWales2022-09-012023-08-3112843254ns14:PoundSterling2022-09-012023-08-3112843254ns10:Director12022-09-012023-08-3112843254ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3112843254ns10:SmallEntities2022-09-012023-08-3112843254ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3112843254ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3112843254ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3112843254ns10:FullAccounts2022-09-012023-08-3112843254ns10:OrdinaryShareClass12022-09-012023-08-3112843254ns10:RegisteredOffice2022-09-012023-08-3112843254ns5:CurrentFinancialInstruments2023-08-3112843254ns5:CurrentFinancialInstruments2022-08-3112843254ns5:ShareCapital2023-08-3112843254ns5:ShareCapital2022-08-3112843254ns5:RetainedEarningsAccumulatedLosses2023-08-3112843254ns5:RetainedEarningsAccumulatedLosses2022-08-3112843254ns5:PlantMachinery2022-09-012023-08-3112843254ns5:MotorVehicles2022-09-012023-08-3112843254ns5:PlantMachinery2022-08-3112843254ns5:MotorVehicles2022-08-3112843254ns5:ComputerEquipment2022-08-3112843254ns5:ComputerEquipment2022-09-012023-08-3112843254ns5:PlantMachinery2023-08-3112843254ns5:MotorVehicles2023-08-3112843254ns5:ComputerEquipment2023-08-3112843254ns5:PlantMachinery2022-08-3112843254ns5:MotorVehicles2022-08-3112843254ns5:ComputerEquipment2022-08-3112843254ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3112843254ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3112843254ns10:OrdinaryShareClass12023-08-3112843254ns5:RetainedEarningsAccumulatedLosses2022-08-3112843254ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 12843254 (England and Wales)


















Oaktree Frames Ltd

Unaudited Financial Statements for the Year Ended 31 August 2023






Oaktree Frames Ltd (Registered number: 12843254)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oaktree Frames Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: T J Corby





REGISTERED OFFICE: Shamba Cottage
Alderley Road
Chelford
Macclesfield
Cheshire
SK11 9AP





REGISTERED NUMBER: 12843254 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Oaktree Frames Ltd (Registered number: 12843254)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,886 23,955

CURRENT ASSETS
Debtors 5 11,394 962
Cash at bank and in hand 12,210 11,770
23,604 12,732
CREDITORS
Amounts falling due within one year 6 84,867 56,525
NET CURRENT LIABILITIES (61,263 ) (43,793 )
TOTAL ASSETS LESS CURRENT LIABILITIES (43,377 ) (19,838 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 (43,378 ) (19,839 )
SHAREHOLDERS' FUNDS (43,377 ) (19,838 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





T J Corby - Director


Oaktree Frames Ltd (Registered number: 12843254)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Oaktree Frames 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 15,026 24,936 1,083 41,045
DEPRECIATION
At 1 September 2022 6,577 10,242 271 17,090
Charge for year 2,124 3,674 271 6,069
At 31 August 2023 8,701 13,916 542 23,159
NET BOOK VALUE
At 31 August 2023 6,325 11,020 541 17,886
At 31 August 2022 8,449 14,694 812 23,955

Oaktree Frames Ltd (Registered number: 12843254)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 11,269 962
Other debtors 125 -
11,394 962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 905 -
Social security and other taxes - 1,373
Nest Pension Creditor 21 -
VAT 3,013 4,374
Other creditors 2,068 -
Credit Card 14,656 8,347
Directors' current accounts 63,574 41,801
Accrued expenses 630 630
84,867 56,525

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1

8. RESERVES
Retained
earnings
£   

At 1 September 2022 (19,839 )
Deficit for the year (23,539 )
At 31 August 2023 (43,378 )