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REGISTERED NUMBER: 12904018 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oakland Industrial Ltd

Oakland Industrial Ltd (Registered number: 12904018)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oakland Industrial Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M J Napthine





REGISTERED OFFICE: 3 Doctors Lane
Chaldon
Caterham
CR3 5AE





REGISTERED NUMBER: 12904018 (England and Wales)





ACCOUNTANTS: Pace Accountants
Noble House
Eaton Road
Hemel Hempstead
Hertfordshire
HP2 7UB

Oakland Industrial Ltd (Registered number: 12904018)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,805 2,406

CURRENT ASSETS
Debtors 5 19,272 12,437
Cash at bank 33,280 27,107
52,552 39,544
CREDITORS
Amounts falling due within one year 6 26,652 12,276
NET CURRENT ASSETS 25,900 27,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,705

29,674

PROVISIONS FOR LIABILITIES 372 505
NET ASSETS 27,333 29,169

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 27,232 29,068
SHAREHOLDERS' FUNDS 27,333 29,169

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





M J Napthine - Director


Oakland Industrial Ltd (Registered number: 12904018)

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

1. STATUTORY INFORMATION

Oakland Industrial Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Oakland Industrial Ltd (Registered number: 12904018)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,464 475 1,422 3,361
DEPRECIATION
At 1 January 2023 480 119 356 955
Charge for year 246 89 266 601
At 31 December 2023 726 208 622 1,556
NET BOOK VALUE
At 31 December 2023 738 267 800 1,805
At 31 December 2022 984 356 1,066 2,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,841 11,812
Other debtors 9,431 625
19,272 12,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,947 513
Taxation and social security 4,354 6,992
Other creditors 12,351 4,771
26,652 12,276

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 were paid to the director .

The aggregate balance owed by the Company to the Director at the year end amounted to £10,350 (2022: £4,367)

The aggregate transactions with other related parties for the year amounted to £2,700 (2022: £22,000). Balances owed to related parties at the year end amounted to £2,000 (2022:£3,900 owed by related parties)