Registered number
12082791
Great Oak (London) Ltd
Filleted Accounts
31 July 2024
Great Oak (London) Ltd
Registered number: 12082791
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,977 29,302
Current assets
Debtors 4 61,480 48,675
Cash at bank and in hand 323 499
61,803 49,174
Creditors: amounts falling due within one year 5 (56,659) (44,375)
Net current assets 5,144 4,799
Total assets less current liabilities 27,121 34,101
Creditors: amounts falling due after more than one year 6 (22,823) (33,989)
Provisions for liabilities (4,175) -
Net assets 123 112
Capital and reserves
Called up share capital 2 2
Profit and loss account 121 110
Shareholders' funds 123 112
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Gledhill
Director
Approved by the board on 16 January 2025
Great Oak (London) Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 5-10 years via reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 4
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2023 52,092
At 31 July 2024 52,092
Depreciation
At 1 August 2023 22,790
Charge for the year 7,325
At 31 July 2024 30,115
Net book value
At 31 July 2024 21,977
At 31 July 2023 29,302
4 Debtors 2024 2023
£ £
Trade debtors 2,879 489
Other debtors 58,601 48,186
61,480 48,675
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,921 5,064
Obligations under finance lease and hire purchase contracts 10,898 8,486
Trade creditors 4,375 433
Taxation and social security costs 35,460 28,303
Other creditors 1,005 2,089
56,659 44,375
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,303 9,390
Obligations under finance lease and hire purchase contracts 13,520 24,599
22,823 33,989
7 Other information
Great Oak (London) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 12 St. John's Way
St. John's Business Estate
Downham Market
Norfolk
PE38 0QQ
Great Oak (London) Ltd 12082791 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 A Gledhill No description of principal activity 12082791 2022-08-01 2023-07-31 12082791 core:WithinOneYear 2023-07-31 12082791 core:AfterOneYear 2023-07-31 12082791 core:ShareCapital 2023-07-31 12082791 core:RetainedEarningsAccumulatedLosses 2023-07-31 12082791 2023-08-01 2024-07-31 12082791 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12082791 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12082791 bus:Director40 2023-08-01 2024-07-31 12082791 1 2023-08-01 2024-07-31 12082791 2 2023-08-01 2024-07-31 12082791 core:Vehicles 2023-08-01 2024-07-31 12082791 countries:England 2023-08-01 2024-07-31 12082791 bus:FRS102 2023-08-01 2024-07-31 12082791 bus:FilletedAccounts 2023-08-01 2024-07-31 12082791 2024-07-31 12082791 core:WithinOneYear 2024-07-31 12082791 core:AfterOneYear 2024-07-31 12082791 core:ShareCapital 2024-07-31 12082791 core:RetainedEarningsAccumulatedLosses 2024-07-31 12082791 core:Vehicles 2024-07-31 12082791 2023-07-31 12082791 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure