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Registered number: 14686728
Oakley Healthcare & Mobility Ltd
Unaudited Financial Statements
For the Period 24 February 2023 to 31 March 2024
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14686728
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 106,110
Tangible Assets 5 140,523
246,633
CURRENT ASSETS
Stocks 6 431,506
Debtors 7 194,122
Cash at bank and in hand 68,188
693,816
Creditors: Amounts Falling Due Within One Year 8 (587,307 )
NET CURRENT ASSETS (LIABILITIES) 106,509
TOTAL ASSETS LESS CURRENT LIABILITIES 353,142
Creditors: Amounts Falling Due After More Than One Year 9 (190,699 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (35,131 )
NET ASSETS 127,312
CAPITAL AND RESERVES
Called up share capital 10 500
Profit and Loss Account 126,812
SHAREHOLDERS' FUNDS 127,312
Page 1
Page 2
For the period ending 31 March 2024 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P M Stanton
Director
8 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakley Healthcare & Mobility Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14686728 . The registered office is Oakley House, Monks Pond Street, Northampton, NN1 2LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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 the following bases:
Plant & Machinery 20% Straight-Line
Motor Vehicles 25% Written Down Value
Office Equipment 20% Straight-Line
IT Equipment 33% Straight-Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
The average number of employees during the year was 4
4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 24 February 2023 -
Additions 117,900
As at 31 March 2024 117,900
Amortisation
As at 24 February 2023 -
Provided during the period 11,790
As at 31 March 2024 11,790
Net Book Value
As at 31 March 2024 106,110
As at 24 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment IT Equipment Total
£ £ £ £ £
Cost
As at 24 February 2023 - - - - -
Additions 28,970 154,147 690 1,768 185,575
As at 31 March 2024 28,970 154,147 690 1,768 185,575
Depreciation
As at 24 February 2023 - - - - -
Provided during the period 5,794 38,538 138 582 45,052
As at 31 March 2024 5,794 38,538 138 582 45,052
Net Book Value
As at 31 March 2024 23,176 115,609 552 1,186 140,523
As at 24 February 2023 - - - - -
6. Stocks
31 March 2024
£
Stock 431,506
7. Debtors
31 March 2024
£
Due within one year
Trade debtors 9,245
Other debtors 184,877
194,122
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Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 283,254
Other creditors 188,003
Taxation and social security 116,050
587,307
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Other creditors 190,699
10. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 500
Page 5