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Registered number: 06613873
Oaklands Recycling Limited
Financial Statements
For The Year Ended 31 May 2024
SFB Group Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06613873
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 31,250 31,250
Cash at bank and in hand 135 2,219
31,385 33,469
Creditors: Amounts Falling Due Within One Year 5 (3,605 ) (5,134 )
NET CURRENT ASSETS (LIABILITIES) 27,780 28,335
TOTAL ASSETS LESS CURRENT LIABILITIES 27,780 28,335
NET ASSETS 27,780 28,335
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 27,680 28,235
SHAREHOLDERS' FUNDS 27,780 28,335
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K J Tudor
Director
17/02/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Oaklands Recycling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06613873 . The registered office is Unit 64, Station Road, Coleshill, Birmingham, West Midlands, B46 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 31,250 31,250
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 3,605 5,134
6. Secured Creditors
The company has provided a joint guarantee to secure loan & factoring facilities to group undertakings, which creates a fixed and floating charge over the assets of the company. The amounts outstanding under these facilities as at 31 May 2024 were £2,192,449 (2023: £3,636,720).
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Controlling Parties
At 31 May 2024, the immediate parent of Oaklands Recycling Limited was Oaklands Group Holdings Limited. The ultimate parent company of Oaklands Recycling Limited was T3i Holdings Ltd.
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9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Oaklands Recycling Limited for the year ended 31 May 2024 was unqualified.
The auditor's report was signed by Paul Carvell BFP FCA (Senior Statutory Auditor) for and on behalf of SFB Group Limited , Statutory Auditor.
SFB Group Limited
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
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