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REGISTERED NUMBER: 06239597 (England and Wales)










Financial Statements

for the Year Ended 31 May 2024

for

At The Oak Limited

At The Oak Limited (Registered number: 06239597)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


At The Oak Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Murray
Mrs A K Murray





SECRETARY: Mrs A K Murray





REGISTERED OFFICE: 9 Dovecote Close
Snitterby
Gainsborough
Lincolnshire
DN21 4AT





REGISTERED NUMBER: 06239597 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

At The Oak Limited (Registered number: 06239597)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 5,250 7,000
Tangible assets 4 208,727 204,329
213,977 211,329

CURRENT ASSETS
Stocks 2,258 1,995
Debtors 5 2,496 2,678
Cash at bank and in hand 76,536 81,066
81,290 85,739
CREDITORS
Amounts falling due within one year 6 (42,067 ) (40,487 )
NET CURRENT ASSETS 39,223 45,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,200

256,581

CREDITORS
Amounts falling due after more than one year 7 (222,471 ) (234,359 )
NET ASSETS 30,729 22,222

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 30,329 21,822
SHAREHOLDERS' FUNDS 30,729 22,222

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

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

At The Oak Limited (Registered number: 06239597)

Balance Sheet - continued
31 May 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 14 November 2024 and were signed on its behalf by:




D J Murray - Director



Mrs A K Murray - Director


At The Oak Limited (Registered number: 06239597)

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

1. 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

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.

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.

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.

At The Oak Limited (Registered number: 06239597)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 35,000
AMORTISATION
At 1 June 2023 28,000
Charge for year 1,750
At 31 May 2024 29,750
NET BOOK VALUE
At 31 May 2024 5,250
At 31 May 2023 7,000

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 282,063 20,974 303,037
Additions - 17,795 17,795
Disposals - (4,225 ) (4,225 )
At 31 May 2024 282,063 34,544 316,607
DEPRECIATION
At 1 June 2023 83,046 15,662 98,708
Charge for year 5,919 3,394 9,313
Eliminated on disposal - (141 ) (141 )
At 31 May 2024 88,965 18,915 107,880
NET BOOK VALUE
At 31 May 2024 193,098 15,629 208,727
At 31 May 2023 199,017 5,312 204,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,496 2,678

At The Oak Limited (Registered number: 06239597)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 25,903 22,881
Taxation and social security 8,164 5,606
Other creditors - 4,000
42,067 40,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 18,000
Other creditors 212,471 216,359
222,471 234,359