OAKWOODS JOINERY LIMITED

Company Registration Number:
01340203 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

OAKWOODS JOINERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

OAKWOODS JOINERY LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 16,232 15,116
Investments: 4 430,596 425,596
Total fixed assets: 446,828 440,712
Current assets
Debtors:   156,664 142,433
Cash at bank and in hand: 536,170 494,780
Total current assets: 692,834 637,213
Creditors: amounts falling due within one year:   (60,407) (64,526)
Net current assets (liabilities): 632,427 572,687
Total assets less current liabilities: 1,079,255 1,013,399
Provision for liabilities: (47,571) (46,621)
Total net assets (liabilities): 1,031,684 966,778
Capital and reserves
Called up share capital: 600 600
Revaluation reserve:5188,898184,848
Profit and loss account: 842,186 781,330
Shareholders funds: 1,031,684 966,778

The notes form part of these financial statements

OAKWOODS JOINERY LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2024
and signed on behalf of the board by:

Name: J.P. Bailey
Status: Director

The notes form part of these financial statements

OAKWOODS JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable.Revenue is reduced for estimated customer returns,rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value , over their expected useful lives on a reducing balance basis at a rate of 20% per annum.

Valuation and information policy

Fixed Asset Investments are stated at Fair Value. Listed Investments are stated at cost.

OAKWOODS JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

OAKWOODS JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 87,995
Additions 5,175
At 31 December 2023 93,170
Depreciation
At 01 January 2023 72,879
Charge for year 4,059
At 31 December 2023 76,938
Net book value
At 31 December 2023 16,232
At 31 December 2022 15,116

OAKWOODS JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

2023 2022 Fixed Asset Investments at Fair Value 430000 425000 Listed Investments at Cost 596 596 Total Investments 430596 425596

OAKWOODS JOINERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 184,848
Surplus or deficit after revaluation 4,050
Balance at 31 December 2023 188,898