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REGISTERED NUMBER: 04394628 (England and Wales)















FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED (REGISTERED NUMBER: 04394628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6


FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M.J. Rudd FCA CTA
S J Crane
D M Hackett
M. M. Rudd





SECRETARY: M. M. Rudd





REGISTERED OFFICE: Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG





REGISTERED NUMBER: 04394628 (England and Wales)





ACCOUNTANTS: Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG


31 January 2025

FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED (REGISTERED NUMBER: 04394628)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,142 835
2,142 835

CURRENT ASSETS
Stocks - 24,746
Debtors 6 235,709 153,596
Cash at bank 38,227 97,134
273,936 275,476
CREDITORS
Amounts falling due within one year 7 227,829 238,414
NET CURRENT ASSETS 46,107 37,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,249

37,897

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 47,999 37,647
SHAREHOLDERS' FUNDS 48,249 37,897

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 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.

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 31 January 2025 and were signed on its behalf by:





M.J. Rudd FCA CTA - Director


FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED (REGISTERED NUMBER: 04394628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Four Oaks Taxation & Accounting Services 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 relates to fees raised during the year excluding value added tax. A provision is also included for chargeable time that has been incurred as at the Balance Sheet date but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, 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.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED (REGISTERED NUMBER: 04394628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 27,230
AMORTISATION
At 1 May 2023
and 30 April 2024 27,230
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 20,886 21,615 42,501
Additions 1,560 762 2,322
At 30 April 2024 22,446 22,377 44,823
DEPRECIATION
At 1 May 2023 20,051 21,615 41,666
Charge for year 825 190 1,015
At 30 April 2024 20,876 21,805 42,681
NET BOOK VALUE
At 30 April 2024 1,570 572 2,142
At 30 April 2023 835 - 835

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,854 119,303
Other debtors 92,855 34,293
235,709 153,596

FOUR OAKS TAXATION & ACCOUNTING
SERVICES LIMITED (REGISTERED NUMBER: 04394628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 74,000
Trade creditors 4,668 23,892
Taxation and social security 127,307 95,628
Other creditors 45,854 44,894
227,829 238,414

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The bank overdraft is secured by guarantees. The bank loan is secured against the assets of the company and has been satisfied by the Balance Sheet date.