IRIS Accounts Production v24.3.0.553 00361538 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003615382023-02-28003615382024-02-29003615382023-03-012024-02-29003615382022-02-28003615382022-03-012023-02-28003615382023-02-2800361538ns15:EnglandWales2023-03-012024-02-2900361538ns14:PoundSterling2023-03-012024-02-2900361538ns10:Director12023-03-012024-02-2900361538ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2900361538ns10:SmallEntities2023-03-012024-02-2900361538ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2900361538ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2900361538ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2900361538ns10:FullAccounts2023-03-012024-02-2900361538ns10:OrdinaryShareClass12023-03-012024-02-2900361538ns10:RegisteredOffice2023-03-012024-02-2900361538ns5:CurrentFinancialInstruments2024-02-2900361538ns5:CurrentFinancialInstruments2023-02-2800361538ns5:ShareCapital2024-02-2900361538ns5:ShareCapital2023-02-2800361538ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2900361538ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2800361538ns5:RetainedEarningsAccumulatedLosses2024-02-2900361538ns5:RetainedEarningsAccumulatedLosses2023-02-2800361538ns5:FurnitureFittings2023-03-012024-02-2900361538ns5:ComputerEquipment2023-03-012024-02-2900361538ns5:LandBuildings2023-02-2800361538ns5:FurnitureFittings2023-02-2800361538ns5:ComputerEquipment2023-02-2800361538ns5:LandBuildings2023-03-012024-02-2900361538ns5:LandBuildings2024-02-2900361538ns5:FurnitureFittings2024-02-2900361538ns5:ComputerEquipment2024-02-2900361538ns5:LandBuildings2023-02-2800361538ns5:FurnitureFittings2023-02-2800361538ns5:ComputerEquipment2023-02-2800361538ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2900361538ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2800361538ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 00361538 (England and Wales)







Financial Statements for the Year Ended 29th February 2024

for

A. Oakes Limited

A. Oakes Limited (Registered number: 00361538)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A. Oakes Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Robert Ernest Oakes





REGISTERED OFFICE: Oakend House,
174/180, Vicarage Road,
Oldbury
Warley
West Midlands
B68 8JB





REGISTERED NUMBER: 00361538 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

A. Oakes Limited (Registered number: 00361538)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260,912 261,073

CURRENT ASSETS
Stocks 82,500 131,200
Debtors 5 3,686 981
Cash at bank and in hand 14,148 75,083
100,334 207,264
CREDITORS
Amounts falling due within one year 6 383,552 369,719
NET CURRENT LIABILITIES (283,218 ) (162,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,306

)

98,618

CAPITAL AND RESERVES
Called up share capital 7 500 500
Non-distributable reserve 8 188,211 188,211
Retained earnings (211,017 ) (90,093 )
SHAREHOLDERS' FUNDS (22,306 ) 98,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:





Robert Ernest Oakes - Director


A. Oakes Limited (Registered number: 00361538)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

A. Oakes 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.

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 as modified by the revaluation of certain assets.

The accounts are prepared in sterling, which is the functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

TURNOVER
Turnover 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

A. Oakes Limited (Registered number: 00361538)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st March 2023
and 29th February 2024 276,677 87,147 2,467 366,291
DEPRECIATION
At 1st March 2023 16,677 86,074 2,467 105,218
Charge for year - 161 - 161
At 29th February 2024 16,677 86,235 2,467 105,379
NET BOOK VALUE
At 29th February 2024 260,000 912 - 260,912
At 28th February 2023 260,000 1,073 - 261,073

Included in cost or valuation of land and buildings is freehold land of £ 12,000 (2023 - £ 12,000 ) which is not depreciated.

Cost or valuation at 29th February 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2021 232,359 - - 232,359
Cost 44,318 87,147 2,467 133,932
276,677 87,147 2,467 366,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,862 -
Prepayments 1,824 981
3,686 981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,357 34,686
Social security and other taxes 2,718 1,951
VAT - 1,821
Other creditors 1,864 1,789
Directors' current accounts 356,238 325,347
Accrued expenses 4,375 4,125
383,552 369,719

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary £1 500 500

A. Oakes Limited (Registered number: 00361538)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

8. RESERVES

Non-distributable
reserve
£

Revaluation of land232,359

Provision of deferred tax movement on revaluation(44,148)
188,211