Registered number
08581757
Oaktree Renovations Limited
Filleted Accounts
30 June 2024
Oaktree Renovations Limited
Company Information
Directors
A J Cartlidge
R M Newhook
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Wyck Hill Lodge
Wyck Hill
Stow On The Wold
Cheltenham
Registered number
08581757
Oaktree Renovations Limited
Registered number: 08581757
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,955 48,090
Current assets
Debtors 4 288,017 336,784
Cash at bank and in hand 240,871 126,617
528,888 463,401
Creditors: amounts falling due within one year 5 (213,623) (186,844)
Net current assets 315,265 276,557
Net assets 343,220 324,647
Capital and reserves
Called up share capital 140 140
Profit and loss account 343,080 324,507
Shareholders' funds 343,220 324,647
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A J Cartlidge R M Newhook
Director
Approved by the board on 31 July 2024
Oaktree Renovations Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Office and computer equipment over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 10
3 Tangible fixed assets
Plant and machinery Office and computer Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 196,106 15,373 90,445 301,924
At 30 June 2024 196,106 15,373 90,445 301,924
Depreciation
At 1 July 2023 187,176 13,583 53,075 253,834
Charge for the year 8,170 775 11,190 20,135
At 30 June 2024 195,346 14,358 64,265 273,969
Net book value
At 30 June 2024 760 1,015 26,180 27,955
At 30 June 2023 8,930 1,790 37,370 48,090
4 Debtors 2024 2023
£ £
Trade debtors 19,752 68,519
Intercompany loan 268,265 268,265
Other debtors - -
288,017 336,784
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 109,758 62,347
Taxation and social security costs 98,716 105,841
Other creditors 5,149 18,656
213,623 186,844
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 11,700 11,700
7 Controlling party
The company is controlled by the directors.
8 Other information
Oaktree Renovations Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wyck Hill Lodge
Wyck Hill
Stow On The Wold
Cheltenham
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