IRIS Accounts Production v24.2.0.383 06681969 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066819692023-09-30066819692024-09-30066819692023-10-012024-09-30066819692022-09-30066819692022-10-012023-09-30066819692023-09-3006681969ns15:EnglandWales2023-10-012024-09-3006681969ns14:PoundSterling2023-10-012024-09-3006681969ns10:Director12023-10-012024-09-3006681969ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006681969ns10:SmallEntities2023-10-012024-09-3006681969ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006681969ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006681969ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006681969ns10:FullAccounts2023-10-012024-09-3006681969ns10:OrdinaryShareClass12023-10-012024-09-3006681969ns10:Director22023-10-012024-09-3006681969ns10:RegisteredOffice2023-10-012024-09-3006681969ns5:CurrentFinancialInstruments2024-09-3006681969ns5:CurrentFinancialInstruments2023-09-3006681969ns5:Non-currentFinancialInstruments2024-09-3006681969ns5:Non-currentFinancialInstruments2023-09-3006681969ns5:ShareCapital2024-09-3006681969ns5:ShareCapital2023-09-3006681969ns5:RetainedEarningsAccumulatedLosses2024-09-3006681969ns5:RetainedEarningsAccumulatedLosses2023-09-3006681969ns5:PlantMachinery2023-10-012024-09-3006681969ns5:PlantMachinery2023-09-3006681969ns5:PlantMachinery2024-09-3006681969ns5:PlantMachinery2023-09-3006681969ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006681969ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3006681969ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 06681969 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OAKTREE TECHNOLOGY LTD

OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OAKTREE TECHNOLOGY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr R M Waldron
Mr A J Turnbull





REGISTERED OFFICE: 2nd Floor
The Auction House
87-88 St John's Road
Stourbridge
DY8 1EH





REGISTERED NUMBER: 06681969 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,769 5,183

Current assets
Stocks 2,100 -
Debtors 6 27,524 32,018
Cash at bank 23,223 5,690
52,847 37,708
Creditors
Amounts falling due within one year 7 39,702 24,359
Net current assets 13,145 13,349
Total assets less current liabilities 14,914 18,532

Creditors
Amounts falling due after more than one
year

8

(7,033

)

(17,365

)

Provisions for liabilities (336 ) (984 )
Net assets 7,545 183

Capital and reserves
Called up share capital 10 100 100
Retained earnings 7,445 83
Shareholders' funds 7,545 183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 15 November 2024 and were signed on its behalf by:





Mr R M Waldron - Director


OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Oaktree Technology Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 19,071
Disposals (13,017 )
At 30 September 2024 6,054
DEPRECIATION
At 1 October 2023 13,888
Charge for year 938
Eliminated on disposal (10,541 )
At 30 September 2024 4,285
NET BOOK VALUE
At 30 September 2024 1,769
At 30 September 2023 5,183

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,720 29,368
Other debtors 1,804 2,650
27,524 32,018

OAKTREE TECHNOLOGY LTD (REGISTERED NUMBER: 06681969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,332 10,077
Trade creditors 2,068 3,035
Taxation and social security 21,856 8,306
Other creditors 5,446 2,941
39,702 24,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,033 17,365

9. SECURED DEBTS

The directors have provided personal guarantees to the value of £35,000 in respect of the company's overdraft facility.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,200 (2023 - £49,500) were paid to the directors .

At the year end, the company owed the directors £1,549 (2023: £1,625). These loans are interest free and repayable on demand.