Company Registration No. 12293874 (England and Wales)
Oaklands Autos Ltd
Unaudited accounts
for the year ended 30 November 2023
Oaklands Autos Ltd
Unaudited accounts
Contents
Oaklands Autos Ltd
Company Information
for the year ended 30 November 2023
Company Number
12293874 (England and Wales)
Registered Office
OAKLANDS SHRIVENHAM ROAD
SOUTH MARSTON
SWINDON
SN3 4RT
UNITED KINGDOM
Accountants
Accounts On Us Ltd
Suite 5, Crowood House
Gipsy Lane
Swindon
Wilts
SN2 8YY
Oaklands Autos Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
1,594
1,460
Inventories
603,256
477,673
Cash at bank and in hand
83,715
108,452
Creditors: amounts falling due within one year
(673,514)
(611,444)
Net current assets
74,441
26,060
Total assets less current liabilities
76,035
27,520
Creditors: amounts falling due after more than one year
(24,266)
(34,915)
Net assets/(liabilities)
51,769
(7,395)
Called up share capital
2
2
Profit and loss account
51,767
(7,397)
Shareholders' funds
51,769
(7,395)
For the year ending 30 November 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 9 August 2024 and were signed on its behalf by
Robert Rogers
Director
Company Registration No. 12293874
Oaklands Autos Ltd
Notes to the Accounts
for the year ended 30 November 2023
Oaklands Autos Ltd is a private company, limited by shares, registered in England and Wales, registration number 12293874. The registered office is OAKLANDS SHRIVENHAM ROAD, SOUTH MARSTON, SWINDON, SN3 4RT, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
-
917
1,192
2,109
At 30 November 2023
548
917
1,192
2,657
At 1 December 2022
-
318
331
649
Charge for the year
49
150
215
414
At 30 November 2023
49
468
546
1,063
At 30 November 2023
499
449
646
1,594
At 30 November 2022
-
599
861
1,460
Oaklands Autos Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
12,347
12,048
Accrued income and prepayments
10,233
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
187,580
145,324
Taxes and social security
12,646
-
Loans from directors
456,812
464,703
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).