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Company Registration No. 6612894 (England and Wales)
Oak & Ribbon Limited Unaudited accounts for the year ended 30 June 2024
Oak & Ribbon Limited Unaudited accounts Contents
Page
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Oak & Ribbon Limited Company Information for the year ended 30 June 2024
Director
Mark Bannister
Company Number
6612894 (England and Wales)
Registered Office
20 Wellburn Close Bolton BL3 3RL England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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Oak & Ribbon Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,780 
4,946 
Current assets
Inventories
895 
800 
Cash at bank and in hand
34,195 
30,790 
35,090 
31,590 
Creditors: amounts falling due within one year
(36,373)
(32,771)
Net current liabilities
(1,283)
(1,181)
Total assets less current liabilities
3,497 
3,765 
Provisions for liabilities
Deferred tax
(909)
(940)
Net assets
2,588 
2,825 
Capital and reserves
Called up share capital
9 
9 
Profit and loss account
2,579 
2,816 
Shareholders' funds
2,588 
2,825 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 September 2024 and were signed on its behalf by
Mark Bannister Director Company Registration No. 6612894
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Oak & Ribbon Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Oak & Ribbon Limited is a private company, limited by shares, registered in England and Wales, registration number 6612894. The registered office is 20 Wellburn Close, Bolton, BL3 3RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Oak & Ribbon Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
25,531 
Additions
678 
At 30 June 2024
26,209 
Depreciation
At 1 July 2023
20,585 
Charge for the year
844 
At 30 June 2024
21,429 
Net book value
At 30 June 2024
4,780 
At 30 June 2023
4,946 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5 
5 
1 Ordinary A share of £1 each
1 
1 
1 Ordinary B share of £1 each
1 
1 
1 Ordinary C share of £1 each
1 
1 
1 Ordinary D share of £1 each
1 
1 
9 
9 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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