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Registered number: 2138599
Oak Exports Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 2138599
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,065 4,254
4,065 4,254
CURRENT ASSETS
Stocks 50,620 40,056
Debtors 5 1,406,633 1,554,897
Cash at bank and in hand 61,338 95,267
1,518,591 1,690,220
Creditors: Amounts Falling Due Within One Year 6 (1,117,977 ) (1,250,932 )
NET CURRENT ASSETS (LIABILITIES) 400,614 439,288
TOTAL ASSETS LESS CURRENT LIABILITIES 404,679 443,542
Creditors: Amounts Falling Due After More Than One Year 7 (62,500 ) (92,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,016 ) (808 )
NET ASSETS 341,163 350,234
CAPITAL AND RESERVES
Called up share capital 9 23 23
Share premium account 14,997 14,997
Capital redemption reserve 1 1
Profit and Loss Account 326,142 335,213
SHAREHOLDERS' FUNDS 341,163 350,234
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Janet Axon
Director
Mrs Claire Heath
Director
03/05/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Oak Exports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 2138599 . The registered office is Unit 6 Portal Business Park, Eaton Lane, Tarporley, Cheshire, CW6 9DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% and 33.3% on reducing balance
2.4. Stocks and Work in Progress
Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 62,331
Additions 1,103
As at 31 December 2023 63,434
Depreciation
As at 1 January 2023 58,077
Provided during the period 1,292
As at 31 December 2023 59,369
Net Book Value
As at 31 December 2023 4,065
As at 1 January 2023 4,254
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,037,367 1,213,585
Prepayments and accrued income 2,173 547
VAT 19,735 9,539
Amounts owed by group undertakings 347,358 331,226
1,406,633 1,554,897
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 240,107 444,710
Bank loans and overdrafts 30,000 30,000
Corporation tax 58,199 53,261
Other taxes and social security 1,695 983
Other creditors 2,736 4,681
Factoring 730,147 706,161
Accruals and deferred income 55,093 11,136
1,117,977 1,250,932
Security has been given in respect of factoring of £730,147 (2022: £706,161).
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 62,500 92,500
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Accelerated capital allowances 1,016 808
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 23 23
10. Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
2023 2022
£ £
Not later than one year 20,163 20,163
Later than one year and not later than five years 12,076 32,239
32,239 52,402
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is CH & JA Holdings Ltd . CH & JA Holdings Ltd was incorporated in England and Wales.
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