OAK SOLICITORS LIMITED

Company Registration Number:
06789813 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

OAK SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

OAK SOLICITORS LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Aruere Harriet Bukata
Registered office: 38
Wyndham Road
London
England
SE5 0UH
Company Registration Number: 06789813 (England and Wales)

OAK SOLICITORS LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

The company's principal activity during the year continued to be solicitors.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Aruere Harriet Bukata

This report was approved by the board of directors on 16 August 2024
And Signed On Behalf Of The Board By:

Name: Aruere Harriet Bukata
Status: Director

OAK SOLICITORS LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 110,562 136,504
Cost of sales ( 51,307 ) ( 86,984 )
Gross Profit or (Loss) 59,255 49,520
Administrative Expenses ( 58,514 ) ( 48,945 )
Operating Profit or (Loss) 741 575
Profit or (Loss) Before Tax 741 575
Tax on Profit ( 188 ) ( 184 )
Profit or (Loss) for Period 553 391

The notes form part of these financial statements

OAK SOLICITORS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,750 4,000
Total fixed assets: 3,750 4,000
Current assets
Debtors: 5 750 8,000
Cash at bank and in hand: 10,644 1,129
Total current assets: 11,394 9,129
Creditors: amounts falling due within one year: 6 ( 4,135 )
Net current assets (liabilities): 7,259 9,129
Total assets less current liabilities: 11,009 13,129
Creditors: amounts falling due after more than one year: 7 ( 5,612 ) ( 8,285 )
Total net assets (liabilities): 5,397 4,844

The notes form part of these financial statements

OAK SOLICITORS LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,297 4,744
Shareholders funds: 5,397 4,844

For the year ending 31 January 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 16 August 2024
And Signed On Behalf Of The Board By:

Name: Aruere Harriet Bukata
Status: Director

The notes form part of these financial statements

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:
    Fixtures, fittings, tools and equipment over 5 years

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 February 2023 10,193 10,193
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 10,193 10,193
Depreciation
At 01 February 2023 6,193 6,193
Charge for year 250 250
On disposals - -
Other adjustments - -
At 31 January 2024 6,443 6,443
Net book value
At 31 January 2024 3,750 3,750
At 31 January 2023 4,000 4,000

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 750 8,000
Total 750 8,000

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 2,017
Trade creditors 1,500
Taxation and social security 618
Total 4,135

OAK SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 5,612 8,285
Total 5,612 8,285