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Registered number: 2603080

Oaktree Joinery & Timber Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Oaktree Joinery & Timber Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Keith Austin
Karen Austin
Jamie Kempson
SECRETARY
Keith Austin
REGISTERED OFFICE
Unit 42 Newfield Ind Est
High Street
Sandyford
Stoke-on-Trent
ST6 5PD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 2603080
BANKERS
HSBC
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Oaktree Joinery & Timber Supplies Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Oaktree Joinery & Timber Supplies Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets494,413101,552
CURRENT ASSETS
Stock20,00020,000
Debtors672,73141,625
Cash at bank and in hand77,98773,601
170,718135,226
CREDITORS: Amounts falling due within one year7108,80084,225
NET CURRENT ASSETS61,91851,001
TOTAL ASSETS LESS CURRENT LIABILITIES156,331152,553
PROVISIONS FOR LIABILITIES AND CHARGES17,93819,315
NET ASSETS138,393133,238
CAPITAL AND RESERVES
Called up share capital91,0001,000
Profit and loss account137,393132,238
SHAREHOLDERS' FUNDS138,393133,238
For the year ending 30/06/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/09/2024 and signed on their behalf by
Keith Austin
Director
Jamie Kempson
Director

Oaktree Joinery & Timber Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 4%
Plant and Machineryreducing balance 10%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsstraight line 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Oaktree Joinery & Timber Supplies Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees1111
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/202317,15517,155
At 30/06/202417,15517,155
Depreciation
At 01/07/202317,15517,155
At 30/06/202417,15517,155
Net Book Amounts
At 30/06/2024--
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/07/202359,901162,735222,636
Additions1,2961,2502,546
At 30/06/202461,197163,985225,182
Depreciation
At 01/07/202314,827106,257121,084
For the year2,4487,2379,685
At 30/06/202417,275113,494130,769
Net Book Amounts
At 30/06/202443,92250,49194,413
At 30/06/202345,07456,478101,552

Oaktree Joinery & Timber Supplies Limited

5. STOCK 20242023
££
Stock comprises:
Stock20,00020,000
20,00020,000
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors69,82238,072
Prepayments5,1895,833
75,01143,905
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax27,67623,175
VAT3,6051,002
PAYE control1,5321,210
Directors current account9393
Bank loans and overdrafts17,40715,015
Credit card1,070795
Trade creditors39,84029,238
Other creditors15,35711,509
Pension schemes330300
Accruals1,8901,888
108,80084,225
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured17,40715,015

Oaktree Joinery & Timber Supplies Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
500 Ordinary A shares of £1 each500500
500 Ordinary B shares of £1 each500500
1,0001,000