Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-01-01false99truefalse 00751740 2023-01-01 2023-12-31 00751740 2023-12-31 00751740 2022-01-01 2022-12-31 00751740 2022-12-31 00751740 2022-01-01 00751740 c:CompanySecretary1 2023-01-01 2023-12-31 00751740 c:Director1 2023-01-01 2023-12-31 00751740 c:Director1 2023-12-31 00751740 c:Director2 2023-01-01 2023-12-31 00751740 c:RegisteredOffice 2023-01-01 2023-12-31 00751740 c:Agent1 2023-01-01 2023-12-31 00751740 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 00751740 d:Buildings d:LongLeaseholdAssets 2023-12-31 00751740 d:Buildings d:LongLeaseholdAssets 2022-12-31 00751740 d:MotorVehicles 2023-01-01 2023-12-31 00751740 d:MotorVehicles 2023-12-31 00751740 d:MotorVehicles 2022-12-31 00751740 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00751740 d:OfficeEquipment 2023-01-01 2023-12-31 00751740 d:OfficeEquipment 2023-12-31 00751740 d:OfficeEquipment 2022-12-31 00751740 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00751740 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00751740 d:CurrentFinancialInstruments 2023-12-31 00751740 d:CurrentFinancialInstruments 2022-12-31 00751740 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00751740 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00751740 d:ShareCapital 2023-01-01 2023-12-31 00751740 d:ShareCapital 2023-12-31 00751740 d:ShareCapital 2022-01-01 2022-12-31 00751740 d:ShareCapital 2022-12-31 00751740 d:ShareCapital 2022-01-01 00751740 d:CapitalRedemptionReserve 2023-01-01 2023-12-31 00751740 d:CapitalRedemptionReserve 2023-12-31 00751740 d:CapitalRedemptionReserve 2022-01-01 2022-12-31 00751740 d:CapitalRedemptionReserve 2022-12-31 00751740 d:CapitalRedemptionReserve 2022-01-01 00751740 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00751740 d:RetainedEarningsAccumulatedLosses 2023-12-31 00751740 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 00751740 d:RetainedEarningsAccumulatedLosses 2022-12-31 00751740 d:RetainedEarningsAccumulatedLosses 2022-01-01 00751740 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-01 2023-12-31 00751740 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 00751740 c:FRS102 2023-01-01 2023-12-31 00751740 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00751740 c:FullAccounts 2023-01-01 2023-12-31 00751740 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00751740 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 00751740







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


LEONARD OAKLEY CONTRACTS LIMITED






































img03ec.png                        

 


LEONARD OAKLEY CONTRACTS LIMITED
 


 
COMPANY INFORMATION


Directors
P Cooke (resigned 20 December 2023)
D Cooke 




Company secretary
D Cooke



Registered number
00751740



Registered office
109 Manor Road

Walton on Thames

Surrey

KT12 2NZ




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ




Bankers
Barclays Bank plc
Ranger House

Walnut Tree Close

Guildford

Surrey

GU1 4UL





 


LEONARD OAKLEY CONTRACTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 7


 


LEONARD OAKLEY CONTRACTS LIMITED
REGISTERED NUMBER:00751740



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
194,069
51,370

  
194,069
51,370

Current assets
  

Stocks
  
36,710
88,500

Debtors: amounts falling due within one year
 5 
248,640
418,991

Cash at bank and in hand
  
689,078
695,380

  
974,428
1,202,871

Creditors: amounts falling due within one year
 6 
(432,128)
(345,398)

Net current assets
  
 
 
542,300
 
 
857,473

Total assets less current liabilities
  
736,369
908,843

Provisions for liabilities
  

Deferred tax
  
(20,661)
(11,913)

Other provisions
 7 
(135,000)
-

  
 
 
(155,661)
 
 
(11,913)

Net assets
  
580,708
896,930


Capital and reserves
  

Called up share capital 
  
37,500
75,000

Capital redemption reserve
  
37,500
-

Profit and loss account
  
505,708
821,930

  
580,708
896,930


Page 1

 


LEONARD OAKLEY CONTRACTS LIMITED
REGISTERED NUMBER:00751740


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
D Cooke
Director

Date: 12 September 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2


 
LEONARD OAKLEY CONTRACTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023



Called up share capital
Capital redemption reserve
Profit and loss account
Total equity


£
£
£
£



At 1 January 2022
75,000
-
679,471
754,471



Comprehensive income for the year


Profit for the year
-
-
228,459
228,459

Total comprehensive income for the year
-
-
228,459
228,459



Contributions by and distributions to owners


Dividends: Equity capital
-
-
(86,000)
(86,000)





At 1 January 2023
75,000
-
821,930
896,930



Comprehensive income for the period


Profit for the period
-
-
328,778
328,778


Dividends: Equity capital
-
-
(75,000)
(75,000)


Purchase of own shares
-
37,500
(570,000)
(532,500)


Shares cancelled during the period
(37,500)
-
-
(37,500)



Total transactions with owners
(37,500)
37,500
(645,000)
(645,000)



At 31 December 2023
37,500
37,500
505,708
580,708



The notes on pages 4 to 7 form part of these financial statements.

Page 3

 


LEONARD OAKLEY CONTRACTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Leonard Oakley Contracts Limited is a private company limited by shares incorporated and domiciled in England and Wales under the Companies Act 2006. The registered number for Leonard Oakley Contracts Limited is 00751740. The address of the registered office and principal place of business is disclosed on the company information page
The Company's functional and presentational currency is GBP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 


LEONARD OAKLEY CONTRACTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
Straight line
Motor vehicles
-
25%
Reducing balance
Office furniture and equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 9 (2022 - 9).

Page 5

 


LEONARD OAKLEY CONTRACTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold Improvements
Motor vehicles
Office furniture and equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
-
160,395
847
161,242


Additions
135,000
49,755
-
184,755


Disposals
-
(15,250)
-
(15,250)



At 31 December 2023

135,000
194,900
847
330,747



Depreciation


At 1 January 2023
-
109,025
847
109,872


Charge for the period on owned assets
27,000
14,196
-
41,196


Disposals
-
(14,390)
-
(14,390)



At 31 December 2023

27,000
108,831
847
136,678



Net book value



At 31 December 2023
108,000
86,069
-
194,069



At 31 December 2022
-
51,370
-
51,370

The addition to leasehold improvements during the year represents a dilapidation provision which has been capitalised and will be amortised over the remaining lease term.


5.


Debtors

2023
2022
£
£


Trade debtors
241,010
391,986

Other debtors
162
20,090

Prepayments and accrued income
7,468
6,915

248,640
418,991


Page 6

 


LEONARD OAKLEY CONTRACTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
98,273
100,365

Corporation tax
120,762
71,559

Other taxation and social security
63,891
78,789

Other creditors
5,984
43,468

Accruals and deferred income
143,218
51,217

432,128
345,398



7.


Provisions


Dilapidation provision

£





Capitalised provision
135,000



At 31 December 2023
135,000

The dilapidation provision represents management's best estimate of the cost required to restore the leased property to its original condition at the end of the lease term. This provision has been capitalised as part of the cost of the leasehold property and will be amortised over the remaining life of the lease.

 
Page 7