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REGISTERED NUMBER: 09524160 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Oak Field Agri Limited

Oak Field Agri Limited (Registered number: 09524160)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oak Field Agri Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr P D Burns
Mrs S J Burns





REGISTERED OFFICE: Pump Cottage
Stanton
Ashbourne
Derbyshire
DE6 2BZ





REGISTERED NUMBER: 09524160 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Oak Field Agri Limited (Registered number: 09524160)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,505 9,362

CURRENT ASSETS
Debtors 5 23,644 47,561
Cash at bank 86,812 83,962
110,456 131,523
CREDITORS
Amounts falling due within one year 6 30,390 32,239
NET CURRENT ASSETS 80,066 99,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,571

108,646

PROVISIONS FOR LIABILITIES 1,989 2,481
NET ASSETS 85,582 106,165

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 85,572 106,155
SHAREHOLDERS' FUNDS 85,582 106,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Oak Field Agri Limited (Registered number: 09524160)

Balance Sheet - continued
31st March 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 20th December 2024 and were signed on its behalf by:





Mr P D Burns - Director


Oak Field Agri Limited (Registered number: 09524160)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Oak Field Agri 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

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 equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

Oak Field Agri Limited (Registered number: 09524160)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 392 26,500 957 27,849
Additions - - 666 666
At 31st March 2024 392 26,500 1,623 28,515
DEPRECIATION
At 1st April 2023 346 17,184 957 18,487
Charge for year 11 2,329 183 2,523
At 31st March 2024 357 19,513 1,140 21,010
NET BOOK VALUE
At 31st March 2024 35 6,987 483 7,505
At 31st March 2023 46 9,316 - 9,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,490 27,610
Other debtors 21,154 19,951
23,644 47,561

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 130 1,759
Taxation and social security 27,281 28,965
Other creditors 2,979 1,515
30,390 32,239

Oak Field Agri Limited (Registered number: 09524160)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr P D Burns and Mrs S J Burns
Balance outstanding at start of year 19,951 9,516
Amounts advanced - 19,951
Amounts repaid (19,951 ) (9,516 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,951

No interest has been paid to the company in respect of these advances and there were no fixed terms for repayment.