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REGISTERED NUMBER: 05195638 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oak Warehouse Limited

Oak Warehouse Limited (Registered number: 05195638)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oak Warehouse Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P I Roberts
Mrs A J Roberts
Mr G H Price
Miss K V Best





REGISTERED OFFICE: Unit 3-4 Central Trade Park
Marley Way
Saltney
Flintshire
CH4 8SX





REGISTERED NUMBER: 05195638 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Oak Warehouse Limited (Registered number: 05195638)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,044 4,927

CURRENT ASSETS
Stocks 73,598 79,979
Debtors 6 35,918 22,262
Cash at bank and in hand 11,667 80,363
121,183 182,604
CREDITORS
Amounts falling due within one year 7 (176,223 ) (167,107 )
NET CURRENT (LIABILITIES)/ASSETS (55,040 ) 15,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,996

)

20,424

CREDITORS
Amounts falling due after more than one
year

8

(14,167

)

(24,167

)
NET LIABILITIES (65,163 ) (3,743 )

CAPITAL AND RESERVES
Called up share capital 10 3,000 3,000
Retained earnings (68,163 ) (6,743 )
SHAREHOLDERS' FUNDS (65,163 ) (3,743 )

Oak Warehouse Limited (Registered number: 05195638)

Balance Sheet - continued
31 December 2023


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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Mr P I Roberts - Director


Oak Warehouse Limited (Registered number: 05195638)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Oak Warehouse Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention. In view of the directors' continued financial support provided to the company, despite the current balance sheet deficit of £65,163 the directors consider that it is appropriate to prepare the company's financial statements on a going concern basis.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year at the point of providing the goods and services and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

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

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.


Oak Warehouse Limited (Registered number: 05195638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 34,537
Additions 740
At 31 December 2023 35,277
DEPRECIATION
At 1 January 2023 29,610
Charge for year 1,623
At 31 December 2023 31,233
NET BOOK VALUE
At 31 December 2023 4,044
At 31 December 2022 4,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,882 10,537
Other debtors 13,036 11,725
35,918 22,262

Oak Warehouse Limited (Registered number: 05195638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 16,675 9,319
Taxation and social security 8,372 9,987
Other creditors 141,176 137,801
176,223 167,107

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,344 15,344
Between one and five years - 15,344
15,344 30,688

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,000 Ordinary £1 3,000 3,000

11. RELATED PARTY DISCLOSURES

Included within other creditors are directors' loan balances of £100,997 (2022: £101,000).