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REGISTERED NUMBER: 05794976 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Oakworth Homes Limited

Oakworth Homes Limited (Registered number: 05794976)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakworth Homes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J D Capper





REGISTERED OFFICE: 8 Orgreave Close
Sheffield
S13 9NP





REGISTERED NUMBER: 05794976 (England and Wales)






Oakworth Homes Limited (Registered number: 05794976)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,632 382,571

CURRENT ASSETS
Stocks 510,987 649,515
Debtors 5 1,249,974 921,767
Cash at bank 60,777 94,760
1,821,738 1,666,042
CREDITORS
Amounts falling due within one year 6 988,956 875,561
NET CURRENT ASSETS 832,782 790,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,414

1,173,052

CREDITORS
Amounts falling due after more than one year 7 (43,021 ) (16,667 )

PROVISIONS FOR LIABILITIES (27,276 ) (27,276 )
NET ASSETS 1,113,117 1,129,109

CAPITAL AND RESERVES
Called up share capital 80,174 80,220
Share premium 184,184 284,138
Fair value reserve 211,101 211,101
Retained earnings 637,658 553,650
1,113,117 1,129,109

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Oakworth Homes Limited (Registered number: 05794976)

Balance Sheet - continued
31 March 2023


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 21 September 2023 and were signed by:





J D Capper - Director


Oakworth Homes Limited (Registered number: 05794976)

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

1. STATUTORY INFORMATION

Oakworth Homes Limited 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 36 ) .

Oakworth Homes Limited (Registered number: 05794976)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 112,211 533,059 645,270
Additions 7,050 6,995 14,045
At 31 March 2023 119,261 540,054 659,315
DEPRECIATION
At 1 April 2022 112,211 150,488 262,699
Charge for year 587 45,397 45,984
At 31 March 2023 112,798 195,885 308,683
NET BOOK VALUE
At 31 March 2023 6,463 344,169 350,632
At 31 March 2022 - 382,571 382,571

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 - 52,933 52,933
Cost 119,261 328,953 448,214
119,261 381,886 501,147

Following a review of the fair value of certain items of plant and equipment, these items were revalued on 31 March 2022.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 976,864 748,984
Other debtors 273,110 172,783
1,249,974 921,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 100,000
Hire purchase contracts 24,723 21,545
Trade creditors 802,781 604,953
Taxation and social security 79,070 44,539
Other creditors 82,382 104,524
988,956 875,561

Oakworth Homes Limited (Registered number: 05794976)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 16,667 16,667
Other creditors 26,354 -
43,021 16,667