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REGISTERED NUMBER: 05771902 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DAVID OAKMAN & SONS LIMITED

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID OAKMAN & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: D J Oakman





SECRETARY: Mrs J Phillips





REGISTERED OFFICE: 28 Muirkirk Road
Catford
London
SE6 1BE





REGISTERED NUMBER: 05771902 (England and Wales)





ACCOUNTANTS: Blue Swift Accountants Limited
37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,995 14,417
6,995 14,417

CURRENT ASSETS
Stocks 8,250 8,500
Debtors 6 6,430 9,371
Cash at bank 12,784 31,294
27,464 49,165
CREDITORS
Amounts falling due within one year 7 37,343 44,777
NET CURRENT (LIABILITIES)/ASSETS (9,879 ) 4,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,884

)

18,805

CREDITORS
Amounts falling due after more than one year 8 - (8,515 )

PROVISIONS FOR LIABILITIES (1,329 ) (2,739 )
NET (LIABILITIES)/ASSETS (4,213 ) 7,551

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,313 ) 7,451
SHAREHOLDERS' FUNDS (4,213 ) 7,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

BALANCE SHEET - continued
30 April 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 director and authorised for issue on 20 January 2025 and were signed by:





D J Oakman - Director


DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

David Oakman & Sons 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.

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, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 95,000
AMORTISATION
At 1 May 2023
and 30 April 2024 95,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 65,988
DEPRECIATION
At 1 May 2023 51,571
Charge for year 7,422
At 30 April 2024 58,993
NET BOOK VALUE
At 30 April 2024 6,995
At 30 April 2023 14,417

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 28,597
DEPRECIATION
At 1 May 2023 22,390
Charge for year 5,394
At 30 April 2024 27,784
NET BOOK VALUE
At 30 April 2024 813
At 30 April 2023 6,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,481 7,914
Other debtors 949 1,457
6,430 9,371

DAVID OAKMAN & SONS LIMITED (REGISTERED NUMBER: 05771902)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 8,435 5,021
Trade creditors 4,016 10,905
Taxation and social security 3,448 3,766
Other creditors 21,444 25,085
37,343 44,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 8,515