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REGISTERED NUMBER: 03365887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

OAK INTERNATIONAL PACKING LIMITED

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OAK INTERNATIONAL PACKING LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: Mr G E S Schwartz





SECRETARY:





REGISTERED OFFICE: Portway Trading Estate 1 Portview Road
Avonmouth
Bristol
BS11 9LS





REGISTERED NUMBER: 03365887 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 249

CURRENT ASSETS
Stocks 7,836 9,512
Debtors 5 57,365 60,792
Cash at bank 57,361 109,522
122,562 179,826
CREDITORS
Amounts falling due within one year 6 41,460 79,192
NET CURRENT ASSETS 81,102 100,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,102

100,883

CREDITORS
Amounts falling due after more than
one year

7

(8,666

)

(16,667

)

PROVISIONS FOR LIABILITIES - (48 )
NET ASSETS 72,436 84,168

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 99 99
Retained earnings 72,336 84,068
72,436 84,168

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.

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2025 and were signed by:





Mr G E S Schwartz - Director


OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

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

1. STATUTORY INFORMATION

Oak International Packing 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.

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles - 20% straight line
Equipment - 20% straight line

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

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2023 - 5 ) .

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 42,707 12,131 54,838
DEPRECIATION
At 1 May 2023 42,707 11,882 54,589
Charge for year - 249 249
At 30 April 2024 42,707 12,131 54,838
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 - 249 249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,431 56,849
Other debtors - 200
Tax 1,558 -
Prepayments and accrued income 7,376 3,743
57,365 60,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,001 8,000
Trade creditors 9,058 19,983
Tax - 16,307
Social security and other taxes 1,127 1,114
VAT 3,796 5,069
Other creditors 1,532 1,452
Directors' current accounts 13,640 21,798
Accruals and deferred income 4,306 5,469
41,460 79,192

OAK INTERNATIONAL PACKING LIMITED (REGISTERED NUMBER: 03365887)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 8,000 8,000
Bank loans - 2-5 years 666 8,667
8,666 16,667

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr G Schwartz as the sole director and shareholder.

Mr G Schwartz received dividends during the year of £5,000 (2023 - £22,500).