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REGISTERED NUMBER: 02489367 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oakham Home Improvements Limited

Oakham Home Improvements Limited (Registered number: 02489367)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Oakham Home Improvements Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M L Elkins
P A Elkins
S M W Elkins





SECRETARY: M L Elkins





REGISTERED OFFICE: 11 St Albans Close
Oakham
Rutland
LE15 6EW





REGISTERED NUMBER: 02489367 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Oakham Home Improvements Limited (Registered number: 02489367)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,709 8,861

CURRENT ASSETS
Inventories 91,194 136,710
Debtors 5 7,832 12,098
Cash at bank and in hand 292,136 248,267
391,162 397,075
CREDITORS
Amounts falling due within one year 6 123,780 160,322
NET CURRENT ASSETS 267,382 236,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,091

245,614

PROVISIONS FOR LIABILITIES 7 3,330 1,911
NET ASSETS 277,761 243,703

CAPITAL AND RESERVES
Called up share capital 8 150 150
Share premium 7,950 7,950
Retained earnings 269,661 235,603
SHAREHOLDERS' FUNDS 277,761 243,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Oakham Home Improvements Limited (Registered number: 02489367)

Statement of Financial Position - continued
31 March 2024


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 1 November 2024 and were signed on its behalf by:




M L Elkins - Director P A Elkins - Director




S M W Elkins - Director


Oakham Home Improvements Limited (Registered number: 02489367)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oakham Home Improvements Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue 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.

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Plant and machinery - 20% Reducing balance basis
Motor vehicles - 25% Reducing balance basis
Computer equipment - 33.33% Straight line basis

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Oakham Home Improvements Limited (Registered number: 02489367)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,869 45,795 2,437 62,101
Additions - 9,500 415 9,915
At 31 March 2024 13,869 55,295 2,852 72,016
DEPRECIATION
At 1 April 2023 12,336 39,020 1,884 53,240
Charge for year 307 4,069 691 5,067
At 31 March 2024 12,643 43,089 2,575 58,307
NET BOOK VALUE
At 31 March 2024 1,226 12,206 277 13,709
At 31 March 2023 1,533 6,775 553 8,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,157 11,059
Other debtors 1,675 1,039
7,832 12,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 47,425 67,511
Taxation and social security 64,610 66,192
Other creditors 11,745 26,619
123,780 160,322

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,330 1,911

Oakham Home Improvements Limited (Registered number: 02489367)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,911
Charge to Income Statement during year 1,419
Balance at 31 March 2024 3,330

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100
50 Ordinary B £1 50 50
150 150

9. RELATED PARTY DISCLOSURES

Rents of £8,400 (2023 - £8,400) were paid to two of the directors during the year.