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Oakley Enterprises Limited
Registered Number:06462534
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2023
Oakley Enterprises Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06462534
As at 31 October 2023
Oakley Enterprises Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
16,000
16,000
2
16,000
16,000
Current assets
Inventories
56,830
31,070
3
Trade and other receivables
199,343
100,263
4
448,814
Cash and cash equivalents
1,085,623
1,216,956
704,987
Trade and other payables: amounts falling due within one
year
(189,703)
(233,380)
5
515,284
983,576
Net current assets
Total assets less current liabilities
999,576
531,284
Trade and other payables: amounts falling due after more
than one year
(40,020)
(30,062)
6
969,514
Net assets
491,264
Capital and reserves
Called up share capital
100
100
Revaluation reserve
2,560
2,560
7
Retained earnings
966,854
488,604
969,514
491,264
Shareholders' funds
For the year ended 31 October 2023 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Zahid Ahmed Director
These financial statements were approved and authorised for issue by the Board on 07 October 2024 and were signed by:
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4
Registered Number :
06462534
For the year ended 31 October 2023
Oakley Enterprises Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 October 2023
Oakley Enterprises Limited
Notes to the Financial Statements
Statutory Information
Oakley Enterprises Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06462534.
Principal place of business:
30 Ellers Lane
Auckley
Doncaster
South Yorkshire
DN9 3JF
Registered address:
30 Ellers Lane
Auckley
Doncaster
South Yorkshire
DN9 3JF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 1 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Straight line
25 Straight line
Computer equipment
25 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 October 2023
Oakley Enterprises Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
32,488
1,787
14,701
16,000
At 31 October 2023
16,000
14,701
1,787
32,488
Provision for depreciation and impairment
At 01 November 2022
16,488
1,787
14,701
-
At 31 October 2023
16,488
1,787
14,701
-
At 31 October 2023
Net book value
16,000
-
-
16,000
At 31 October 2022
16,000
-
-
16,000
3. Inventories
2022
2023
£
£
Stocks
31,070
56,830
4. Trade and other receivables
2022
2023
£
£
Trade debtors
67,047
111,503
Other debtors
33,216
87,840
199,343
100,263
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
132,872
168,760
Taxation and social security
100,508
20,943
233,380
189,703
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7
For the year ended 31 October 2023
Oakley Enterprises Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
30,062
40,020
7. Reserves
Total
£
Revaluation reserve at 01 November 2022
2,560
2,560
Revaluation reserve at 31 October 2023
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 6)
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