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REGISTERED NUMBER: 05255176 (England and Wales)

















OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,260 48,918

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 5 531,459 398,876
Cash at bank 91,868 154,989
638,327 568,865
CREDITORS
Amounts falling due within one year 6 232,533 180,734
NET CURRENT ASSETS 405,794 388,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,054

437,049

CREDITORS
Amounts falling due after more than one
year

7

(31,831

)

(26,612

)

PROVISIONS FOR LIABILITIES (10,879 ) (9,295 )
NET ASSETS 420,344 401,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 420,244 401,042
420,344 401,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





Mrs L Taylor - Director


OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Oke (Catering Equipment & Ventilation Systems) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05255176

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Herts
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 43,405 62,800 1,601 107,806
Additions - 25,063 - 25,063
At 31 October 2023 43,405 87,863 1,601 132,869
DEPRECIATION
At 1 November 2022 31,122 26,646 1,120 58,888
Charge for year 3,070 13,216 435 16,721
At 31 October 2023 34,192 39,862 1,555 75,609
NET BOOK VALUE
At 31 October 2023 9,213 48,001 46 57,260
At 31 October 2022 12,283 36,154 481 48,918

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 15,995
Additions 25,063
Transfer to ownership (15,995 )
At 31 October 2023 25,063
DEPRECIATION
At 1 November 2022 8,872
Charge for year 4,177
Transfer to ownership (8,872 )
At 31 October 2023 4,177
NET BOOK VALUE
At 31 October 2023 20,886
At 31 October 2022 7,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,665 129,860
Other debtors 400,794 269,016
531,459 398,876

OKE (CATERING EQUIPMENT & VENTILATION
SYSTEMS) LTD (REGISTERED NUMBER: 05255176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,098 9,849
Hire purchase contracts 6,338 3,904
Trade creditors 63,316 37,857
Taxation and social security 35,069 56,551
Other creditors 117,712 72,573
232,533 180,734

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,514 26,612
Hire purchase contracts 15,317 -
31,831 26,612

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase 21,656 3,904

9. RELATED PARTY DISCLOSURES

GLH Management Limited
L Taylor and G Taylor are directors and shareholders

OKE Ltd has entered into the following transactions with GLH Management Limited during the year under review:

Management fees £35,600 (2021: £80,600)

The balance owed from the related party at the balance sheet date was £399,339 (2022: £267,595).

G&L Taylor Properties Limited
L Taylor and G Taylor are directors and shareholders

OKE Ltd has entered into the following transactions with G&L Taylor Properties Limited during the year under review:

Rent paid £32,000 (2021: £32,000)

The balance due to the related party at the balance sheet date was £6,241 (2022: £8,711).