Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07230123 D A Oakensen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07230123 2023-02-28 07230123 2024-02-29 07230123 2023-03-01 2024-02-29 07230123 frs-core:CurrentFinancialInstruments 2024-02-29 07230123 frs-core:Non-currentFinancialInstruments 2024-02-29 07230123 frs-core:PlantMachinery 2024-02-29 07230123 frs-core:PlantMachinery 2023-03-01 2024-02-29 07230123 frs-core:PlantMachinery 2023-02-28 07230123 frs-core:ShareCapital 2024-02-29 07230123 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07230123 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07230123 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07230123 frs-bus:SmallEntities 2023-03-01 2024-02-29 07230123 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07230123 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07230123 frs-bus:Director1 2023-03-01 2024-02-29 07230123 frs-countries:EnglandWales 2023-03-01 2024-02-29 07230123 2022-02-28 07230123 2023-02-28 07230123 2022-03-01 2023-02-28 07230123 frs-core:CurrentFinancialInstruments 2023-02-28 07230123 frs-core:Non-currentFinancialInstruments 2023-02-28 07230123 frs-core:ShareCapital 2023-02-28 07230123 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07230123
Oakensen Limited
Financial Statements
For The Year Ended 29 February 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07230123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,033 8,751
14,033 8,751
CURRENT ASSETS
Stocks 5 14,577 19,173
Debtors 6 118,546 105,053
Cash at bank and in hand 56,780 66,038
189,903 190,264
Creditors: Amounts Falling Due Within One Year 7 (81,834 ) (70,141 )
NET CURRENT ASSETS (LIABILITIES) 108,069 120,123
TOTAL ASSETS LESS CURRENT LIABILITIES 122,102 128,874
Creditors: Amounts Falling Due After More Than One Year 8 (96,274 ) (96,860 )
NET ASSETS 25,828 32,014
CAPITAL AND RESERVES
Called up share capital 9 150 150
Profit and Loss Account 25,678 31,864
SHAREHOLDERS' FUNDS 25,828 32,014
Page 1
Page 2
For the year ending 29 February 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 director acknowledges his 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
D A Oakensen
Director
27 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
Oakensen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07230123 . The registered office is Bryer Ash Business Park, Trowbridge, Wiltshire, BA14 8HE.
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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is recognised once the service has been completed and reduced for estimated rebates and other similar allowances.
2.3. 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 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and the net recoverable amount.
2.5. Taxation
Income tax expense represents the tax charge for the current year and a current tax liability is recognised for tax payable on the taxable profit of the current and past periods.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2023 32,727
Additions 11,446
As at 29 February 2024 44,173
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 23,976
Provided during the period 6,164
As at 29 February 2024 30,140
Net Book Value
As at 29 February 2024 14,033
As at 1 March 2023 8,751
5. Stocks
2024 2023
£ £
Work in progress 14,577 19,173
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 118,546 105,053
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,839 2,992
Bank loans and overdrafts 10,648 9,667
Other creditors 2,966 42,939
Taxation and social security 62,381 14,543
81,834 70,141
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,466 24,100
Other creditors 82,808 72,760
96,274 96,860
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 4
Page 5
10. Related Party Transactions
Included in other creditors due in more that one year is an amount of £82,808 (2023 - 72,760) owed to the director.
Page 5