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REGISTERED NUMBER: 06738169 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Oakwood Doors & Spray Finishes Limited

Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Oakwood Doors & Spray Finishes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms M Joyce
Mr N J Palfreeman





SECRETARY: Ms M Joyce





REGISTERED OFFICE: 581 - 585 Wakefield Road Tandem
Huddersfield
West Yorkshire
HD5 9XP





REGISTERED NUMBER: 06738169 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 12,345 15,835
12,345 15,835

CURRENT ASSETS
Stocks 6,400 6,400
Debtors 7 172,295 157,641
Cash at bank 173,099 210,269
351,794 374,310
CREDITORS
Amounts falling due within one year 8 (245,047 ) (174,266 )
NET CURRENT ASSETS 106,747 200,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,092

215,879

PROVISIONS FOR LIABILITIES - (3,009 )
NET ASSETS 119,092 212,870

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 118,992 212,770
SHAREHOLDERS' FUNDS 119,092 212,870

Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)

Balance Sheet - continued
31 March 2023


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 directors acknowledge their 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 Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:





Ms M Joyce - Director


Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)

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

1. STATUTORY INFORMATION

Oakwood Doors & Spray Finishes 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention. During the year the Covid-19 pandemic continued to adversely impact the global and UK economy. However in the directors' opinion there is no significant uncertainty as to the going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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 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 balance sheet date.


Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 43,055
DEPRECIATION
At 1 April 2022 27,220
Charge for year 3,490
At 31 March 2023 30,710
NET BOOK VALUE
At 31 March 2023 12,345
At 31 March 2022 15,835

Oakwood Doors & Spray Finishes Limited (Registered number: 06738169)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,181 6,588
Amounts owed by group undertakings 164,359 141,660
Other debtors 4,755 9,393
172,295 157,641

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 229,726 149,930
Taxation and social security 6,556 10,471
Other creditors 8,765 13,865
245,047 174,266

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100