2023-05-01 12558373 2024-04-30 12558373 2023-05-01 2024-04-30 12558373 2023-04-30 12558373 2022-05-01 2023-04-30 12558373 uk-core:WithinOneYear 2023-04-30 12558373 uk-core:WithinOneYear 2024-04-30 12558373 uk-core:ShareCapital 2024-04-30 12558373 uk-core:ShareCapital 2023-04-30 12558373 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 12558373 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 12558373 uk-bus:Director1 2023-05-01 2024-04-30 12558373 uk-core:PlantMachinery 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure 12558373 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12558373 uk-bus:FRS102 2023-05-01 2024-04-30 12558373 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 12558373 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Draft
Oast Commercial Ltd
Registered Number:12558373
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 April 2024
Oast Commercial Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
12558373
As at 30 April 2024
Oast Commercial Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
22,534
-
2
22,534
-
Current assets
Inventories
68,620
72,295
3
Trade and other receivables
35,701
9,429
4
98,634
Cash and cash equivalents
125,307
207,031
202,955
Trade and other payables: amounts falling due within one
year
(160,395)
(168,179)
5
42,560
38,852
Net current assets
Total assets less current liabilities
61,386
42,560
(4,286)
-
Provisions for liabilities
57,100
Net assets
42,560
Capital and reserves
Called up share capital
100
100
Retained earnings
57,000
42,460
57,100
42,560
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Martin Ward Director
These financial statements were approved and authorised for issue by the Board on 30 January 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 April 2024
Oast Commercial Ltd
Notes to the Financial Statements
Statutory Information
Oast Commercial Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12558373.
Registered address:
Unit 1c Oast Park
Spade Lane
Sittingbourne
Kent
ME9 7TT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable in respect of acquisition and storage services.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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5
Draft
For the year ended 30 April 2024
Oast Commercial Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
30,046
Additions
At 30 April 2024
30,046
Provision for depreciation and impairment
Charge for year
7,512
At 30 April 2024
7,512
At 30 April 2024
Net book value
22,534
3. Inventories
2023
2024
£
£
Stocks
72,295
68,620
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
34,175
Other debtors
9,429
1,526
35,701
9,429
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
9,152
45,091
Taxation and social security
193
4,803
Other creditors
158,834
110,501
168,179
160,395
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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