2022-12-012023-11-302023-11-30false04583223OAKTON DEVELOPMENTS 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OAKTON DEVELOPMENTS LIMITED

Registered Number
04583223
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

OAKTON DEVELOPMENTS LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

KOPER, Patricia Ruth
KOPER, Stanislaw Philip Victor

Company Secretary

KOPER, Patricia Ruth

Registered Address

124b High Street
Epsom
KT19 8BJ

Registered Number

04583223 (England and Wales)
OAKTON DEVELOPMENTS LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3-5,824
-5,824
Current assets
Stocks1,404,8532,099,076
Debtors18,91020,484
Cash at bank and on hand559,523204,605
1,983,2862,324,165
Creditors amounts falling due within one year4(1,278,912)(1,657,237)
Net current assets (liabilities)704,374666,928
Total assets less current liabilities704,374672,752
Creditors amounts falling due after one year-(6,498)
Net assets704,374666,254
Capital and reserves
Called up share capital109109
Profit and loss account704,265666,145
Shareholders' funds704,374666,254
The financial statements were approved and authorised for issue by the Board of Directors on 14 August 2024, and are signed on its behalf by:
KOPER, Stanislaw Philip Victor
Director
Registered Company No. 04583223
OAKTON DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Vehicles5
Office Equipment2
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year14
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2235,434
Disposals(23,587)
At 30 November 2311,847
Depreciation and impairment
At 01 December 2229,610
Charge for year512
On disposals(18,275)
At 30 November 2311,847
Net book value
At 30 November 23-
At 30 November 225,824
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables3,46543,406
Bank borrowings and overdrafts1,224,4671,460,126
Amounts owed to related parties29,824118,824
Taxation and social security20,94434,087
Other creditors212792
Accrued liabilities and deferred income-2
Total1,278,9121,657,237
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.
5.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts-6,498