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REGISTERED NUMBER: 05435277 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 25 October 2023

for

Oakwick Utility Arborists Ltd

Oakwick Utility Arborists Ltd (Registered number: 05435277)






Contents of the Financial Statements
for the Year Ended 25 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Oakwick Utility Arborists Ltd

Company Information
for the Year Ended 25 October 2023







DIRECTOR: Mr A Mitchell





REGISTERED OFFICE: 32 Carre Street
Sleaford
Lincolnshire
NG34 7TR





REGISTERED NUMBER: 05435277 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Oakwick Utility Arborists Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakwick Utility Arborists Ltd for the year ended 25 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Oakwick Utility Arborists Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakwick Utility Arborists Ltd and state those matters that we have agreed to state to the director of Oakwick Utility Arborists Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Oakwick Utility Arborists Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakwick Utility Arborists Ltd. You consider that Oakwick Utility Arborists Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakwick Utility Arborists Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


28 March 2024

Oakwick Utility Arborists Ltd (Registered number: 05435277)

Balance Sheet
25 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 871,594 949,236
Investment property 5 1,000,000 1,100,000
1,871,594 2,049,236

CURRENT ASSETS
Stocks 11,841 9,667
Debtors 6 120,584 75,944
Cash at bank and in hand 25,046 24,029
157,471 109,640
CREDITORS
Amounts falling due within one year 7 671,220 696,425
NET CURRENT LIABILITIES (513,749 ) (586,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,357,845 1,462,451

CREDITORS
Amounts falling due after more than one year 8 (406,379 ) (525,477 )

PROVISIONS FOR LIABILITIES (32,331 ) (35,932 )
NET ASSETS 919,135 901,042

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 397,030 397,030
Retained earnings 522,005 503,912
SHAREHOLDERS' FUNDS 919,135 901,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 October 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.

Oakwick Utility Arborists Ltd (Registered number: 05435277)

Balance Sheet - continued
25 October 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 28 March 2024 and were signed by:





Mr A Mitchell - Director


Oakwick Utility Arborists Ltd (Registered number: 05435277)

Notes to the Financial Statements
for the Year Ended 25 October 2023

1. STATUTORY INFORMATION

Oakwick Utility Arborists 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 as modified by the revaluation of certain assets.

Included in the financial statements are net current liabilities totalling £513,749 (2022: £586,785). The directors consider it appropriate to prepare the financial statements on a going concern basis.

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 - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Oakwick Utility Arborists Ltd (Registered number: 05435277)

Notes to the Financial Statements - continued
for the Year Ended 25 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 26 October 2022 829,616 154,128 56,316
Additions - 1,335 9,514
Disposals - (59,175 ) (8,089 )
At 25 October 2023 829,616 96,288 57,741
DEPRECIATION
At 26 October 2022 90,447 82,319 22,914
Charge for year 16,592 13,389 3,652
Eliminated on disposal - (45,198 ) (3,665 )
At 25 October 2023 107,039 50,510 22,901
NET BOOK VALUE
At 25 October 2023 722,577 45,778 34,840
At 25 October 2022 739,169 71,809 33,402

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 26 October 2022 324,761 27,069 1,391,890
Additions - 1,990 12,839
Disposals (34,629 ) (11,644 ) (113,537 )
At 25 October 2023 290,132 17,415 1,291,192
DEPRECIATION
At 26 October 2022 231,071 15,903 442,654
Charge for year 21,502 1,817 56,952
Eliminated on disposal (22,742 ) (8,403 ) (80,008 )
At 25 October 2023 229,831 9,317 419,598
NET BOOK VALUE
At 25 October 2023 60,301 8,098 871,594
At 25 October 2022 93,690 11,166 949,236

Oakwick Utility Arborists Ltd (Registered number: 05435277)

Notes to the Financial Statements - continued
for the Year Ended 25 October 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 26 October 2022 1,100,000
Additions 80,245
Revaluations (180,245 )
At 25 October 2023 1,000,000
NET BOOK VALUE
At 25 October 2023 1,000,000
At 25 October 2022 1,100,000

Fair value at 25 October 2023 is represented by:
£   
Valuation in 2020 (50,754 )
Valuation in 2021 714,194
Valuation in 2022 436,560
Valuation in 2023 (100,000 )
1,000,000

The directors have assessed the value of investment properties and believe the value in the financial statements is accurate.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 46,434 3,000
Other debtors 2,822 1,616
49,256 4,616

Amounts falling due after more than one year:
Other debtors 71,328 71,328

Aggregate amounts 120,584 75,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 161,112 171,290
Hire purchase contracts 27,373 44,291
Trade creditors 54,638 32,128
Taxation and social security 297,067 309,055
Other creditors 131,030 139,661
671,220 696,425

Oakwick Utility Arborists Ltd (Registered number: 05435277)

Notes to the Financial Statements - continued
for the Year Ended 25 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 402,585 490,766
Hire purchase contracts 3,794 34,711
406,379 525,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 312,646 340,095

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 64,680 77,989
Bank loans 499,017 584,067
Hire purchase contracts 31,167 79,002
594,864 741,058

Security for these is the investment property (The Rectory) and the freehold property (The Plough). Both are within the business and both are valued at over the debt they are secured against.

10. CALLED UP SHARE CAPITAL

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