Registered Number:12558373 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
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
Oast Commercial Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
22,534
-
2
22,534
-
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
100
100
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. |
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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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. |
Unit 1c Oast Park
Spade Lane
Sittingbourne
Kent
ME9 7TT
The presentation currency is £ sterling. |
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
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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For the year ended 30 April 2024
Oast Commercial Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
30,046
30,046
Provision for depreciation and impairment |
Charge for year
7,512
7,512
22,534
2023
2024
72,295
68,620
4. Trade and other receivables |
2023
2024
-
34,175
9,429
1,526
35,701
9,429
5. Trade and other payables: amounts falling due within one year |
2023
2024
9,152
45,091
Taxation and social security |
193
4,803
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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