Company Registration No. 08387775 (England and Wales)
OAKVIEW CARS LIMITED
Unaudited accounts
for the year ended 29 February 2024
OAKVIEW CARS LIMITED
Unaudited accounts
Contents
OAKVIEW CARS LIMITED
Company Information
for the year ended 29 February 2024
Company Number
08387775 (England and Wales)
Registered Office
UNIT 1, BASINGSTOKE RAILWAY
STATION HILL
BASINGSTOKE
RG21 5NE
Accountants
SUBLIME CONSULTING LTD
INYANGA
MORRIS STREET
HOOK
RG27 9NS
OAKVIEW CARS LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
139,000
166,000
Tangible assets
960,484
793,814
Cash at bank and in hand
72,615
108,117
Creditors: amounts falling due within one year
(797,259)
(1,187,527)
Net current liabilities
(526,364)
(857,469)
Total assets less current liabilities
573,120
102,345
Creditors: amounts falling due after more than one year
(157,942)
-
Net assets
415,178
102,345
Called up share capital
5
5
Profit and loss account
415,173
102,340
Shareholders' funds
415,178
102,345
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
MR SHAID KHALIQ
Director
Company Registration No. 08387775
OAKVIEW CARS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
OAKVIEW CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08387775. The registered office is UNIT 1, BASINGSTOKE RAILWAY , STATION HILL, BASINGSTOKE, RG21 5NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
At 29 February 2024
270,000
Charge for the year
27,000
At 29 February 2024
131,000
At 29 February 2024
139,000
At 28 February 2023
166,000
OAKVIEW CARS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,123,064
14,172
1,137,236
Additions
407,126
-
407,126
At 29 February 2024
1,530,190
14,172
1,544,362
At 1 March 2023
332,613
10,809
343,422
Charge for the year
239,615
841
240,456
At 29 February 2024
572,228
11,650
583,878
At 29 February 2024
957,962
2,522
960,484
At 28 February 2023
790,451
3,363
793,814
Amounts falling due within one year
Trade debtors
168,280
221,941
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,665
30,846
Obligations under finance leases and hire purchase contracts
523,551
912,606
Trade creditors
80,377
91,086
Taxes and social security
9,928
11,520
Loans from directors
-
64,473
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
157,942
-
9
Average number of employees
During the year the average number of employees was 15 (2023: 15).