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REGISTERED NUMBER: 08232383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OAKLEY FOOD PROJECTS LTD

OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

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

Chartered Certified Accountants' Report 8

OAKLEY FOOD PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R K Lyon
V S Lyon
B C Lyon
J J Lyon





REGISTERED OFFICE: 401-403 Reading Road
Winnersh
Wokingham
Berkshire
RG41 5HU





REGISTERED NUMBER: 08232383 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 186,137 181,754
186,137 181,754

CURRENT ASSETS
Stocks 8,137 15,660
Debtors 6 1,161,907 413,584
Cash at bank 380,601 1,808,077
1,550,645 2,237,321
CREDITORS
Amounts falling due within one year 7 1,071,781 1,273,789
NET CURRENT ASSETS 478,864 963,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,001

1,145,286

PROVISIONS FOR LIABILITIES 3,846 20,142
NET ASSETS 661,155 1,125,144

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 661,153 1,125,142
SHAREHOLDERS' FUNDS 661,155 1,125,144

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.

OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





R Lyon - Director


OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

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


1. STATUTORY INFORMATION

Oakley Food Projects 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on 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 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.


OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023 7,000
Disposals (7,000 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 7,000
Eliminated on disposal (7,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2023 10,417 36,732 154,612 75,851 277,612
Additions 63,197 24,080 - 23,602 110,879
Disposals (10,417 ) (25,535 ) - (10,352 ) (46,304 )
At 31 December 2023 63,197 35,277 154,612 89,101 342,187
DEPRECIATION
At 1 January 2023 2,695 17,120 32,382 43,661 95,858
Charge for year 2,278 955 59,906 8,069 71,208
Eliminated on disposal (2,695 ) (5,125 ) - (3,196 ) (11,016 )
At 31 December 2023 2,278 12,950 92,288 48,534 156,050
NET BOOK VALUE
At 31 December 2023 60,919 22,327 62,324 40,567 186,137
At 31 December 2022 7,722 19,612 122,230 32,190 181,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 142,446 225,718
Amounts owed by group undertakings 800,000 -
Other debtors 219,461 187,866
1,161,907 413,584

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 234,253 159,013
Taxation and social security 213,575 492,147
Other creditors 623,953 622,629
1,071,781 1,273,789

8. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases are due of £148,169.10.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is 6B Group Limited.

OAKLEY FOOD PROJECTS LTD (REGISTERED NUMBER: 08232383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. DIVIDENDS

2023 2022
£ £
Ordinary shares of 0.01 each
Interim 836,590 157,500

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OAKLEY FOOD PROJECTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakley Food Projects Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Oakley Food Projects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakley Food Projects Ltd and state those matters that we have agreed to state to the Board of Directors of Oakley Food Projects Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakley Food Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakley Food Projects Ltd. You consider that Oakley Food Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakley Food Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN


26 September 2024