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REGISTERED NUMBER: 03165621 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oakland Building Services Ltd.

Oakland Building Services Ltd. (Registered number: 03165621)

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


Oakland Building Services Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J J Sinnott





SECRETARY: Mrs K T Sinnott





REGISTERED OFFICE: Oakland House
18-20 Lancaster Road
Enfield
Middlesex
EN2 0AX





REGISTERED NUMBER: 03165621 (England and Wales)






Oakland Building Services Ltd. (Registered number: 03165621)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,810 29,330

CURRENT ASSETS
Stocks 1,850 2,010
Debtors 5 939,446 770,402
Cash at bank 630,752 367,370
1,572,048 1,139,782
CREDITORS
Amounts falling due within one year 6 428,696 80,359
NET CURRENT ASSETS 1,143,352 1,059,423
TOTAL ASSETS LESS CURRENT LIABILITIES 1,195,162 1,088,753

PROVISIONS FOR LIABILITIES 1,428 -
NET ASSETS 1,193,734 1,088,753

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,193,633 1,088,652
SHAREHOLDERS' FUNDS 1,193,734 1,088,753

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.

Oakland Building Services Ltd. (Registered number: 03165621)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2024 and were signed by:





Mr J J Sinnott - Director


Oakland Building Services Ltd. (Registered number: 03165621)

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


1. STATUTORY INFORMATION

Oakland Building Services 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 vale of the consideration received or receivable, net of discounts and value added tax.

When contracts are in-progress at the end of the year and where the sales invoiced exceed the value of work done, the excess is shown as deferred income, where costs incurred exceed sales invoiced, the excess amounts are classified as deferred costs.

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 etc - 25% on reducing balance

Stock
Stock is valued at lower of cost and net realisable value.

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.

Oakland Building Services Ltd. (Registered number: 03165621)

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


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related
parties, are initially recognised at transaction price, unless the arrangement constitutes a financing
transaction,where the debt instrument is measured at the present value of the future payments discounted at
a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective
interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 265,177
Additions 39,748
At 31 December 2023 304,925
DEPRECIATION
At 1 January 2023 235,847
Charge for year 17,268
At 31 December 2023 253,115
NET BOOK VALUE
At 31 December 2023 51,810
At 31 December 2022 29,330

Oakland Building Services Ltd. (Registered number: 03165621)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 195,259 144,512
Other debtors 744,187 625,890
939,446 770,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,123 3,060
Trade creditors 142,519 15,450
Taxation and social security 145,276 32,649
Other creditors 136,778 29,200
428,696 80,359