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Company Registration No. 10071204 (England and Wales)
Oak and Pine Online Limited Unaudited accounts for the year ended 31 October 2023
Oak and Pine Online Limited Unaudited accounts Contents
Page
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Oak and Pine Online Limited Company Information for the year ended 31 October 2023
Director
Mr J Walker
Company Number
10071204 (England and Wales)
Registered Office
Unit 13 Kirkby Stephen Business Park, St Luke's Road Kirkby Stephen Cumbria CA17 4HT
Accountants
Parkin Finance Limited
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Oak and Pine Online Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,425 
3,320 
Tangible assets
12,916 
14,413 
14,341 
17,733 
Current assets
Inventories
17,098 
11,198 
Debtors
8,319 
15,405 
Cash at bank and in hand
2,574 
3,770 
27,991 
30,373 
Creditors: amounts falling due within one year
(25,557)
(24,394)
Net current assets
2,434 
5,979 
Total assets less current liabilities
16,775 
23,712 
Creditors: amounts falling due after more than one year
(13,536)
(17,698)
Provisions for liabilities
Deferred tax
(2,725)
(3,369)
Net assets
514 
2,645 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
513 
2,644 
Shareholders' funds
514 
2,645 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2024 and were signed on its behalf by
Mr J Walker Director Company Registration No. 10071204
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Oak and Pine Online Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Oak and Pine Online Limited is a private company, limited by shares, registered in England and Wales, registration number 10071204. The registered office is Unit 13 Kirkby Stephen Business Park, , St Luke's Road, Kirkby Stephen, Cumbria, CA17 4HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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Oak and Pine Online Limited Notes to the Accounts for the year ended 31 October 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
5,687 
At 31 October 2023
5,687 
Amortisation
At 1 November 2022
2,367 
Charge for the year
1,895 
At 31 October 2023
4,262 
Net book value
At 31 October 2023
1,425 
At 31 October 2022
3,320 
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
17,817 
376 
18,193 
Additions
2,833 
- 
2,833 
At 31 October 2023
20,650 
376 
21,026 
Depreciation
At 1 November 2022
3,619 
161 
3,780 
Charge for the year
4,258 
72 
4,330 
At 31 October 2023
7,877 
233 
8,110 
Net book value
At 31 October 2023
12,773 
143 
12,916 
At 31 October 2022
14,198 
215 
14,413 
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Oak and Pine Online Limited Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,333 
Accrued income and prepayments
- 
107 
Other debtors
8,319 
13,965 
8,319 
15,405 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,164 
4,218 
VAT
8,902 
5,098 
Trade creditors
- 
5,050 
Taxes and social security
1,579 
1,289 
Other creditors
7,590 
7,764 
Accruals
3,322 
975 
25,557 
24,394 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,536 
17,698 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loans
10,047 
1,445 
10,047 
1,445 
10,047 
1,445 
10,047 
1,445 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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