IRIS Accounts Production v24.3.2.46 14093247 Board of Directors Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140932472023-05-31140932472024-05-31140932472023-06-012024-05-31140932472022-05-08140932472022-05-092023-05-31140932472023-05-3114093247ns15:EnglandWales2023-06-012024-05-3114093247ns14:PoundSterling2023-06-012024-05-3114093247ns10:Director12023-06-012024-05-3114093247ns10:Director22023-06-012024-05-3114093247ns10:Director32023-06-012024-05-3114093247ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3114093247ns10:SmallEntities2023-06-012024-05-3114093247ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3114093247ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3114093247ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3114093247ns10:AbridgedAccounts2023-06-012024-05-3114093247ns10:RegisteredOffice2023-06-012024-05-3114093247ns5:CurrentFinancialInstruments2024-05-3114093247ns5:CurrentFinancialInstruments2023-05-3114093247ns5:ShareCapital2024-05-3114093247ns5:ShareCapital2023-05-3114093247ns5:RetainedEarningsAccumulatedLosses2024-05-3114093247ns5:RetainedEarningsAccumulatedLosses2023-05-3114093247ns5:MotorVehicles2023-06-012024-05-3114093247ns5:DeferredTaxation2023-05-3114093247ns5:DeferredTaxation2023-06-012024-05-3114093247ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 14093247 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

OAKHAM DEVELOPMENT AND DESIGN LTD

OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OAKHAM DEVELOPMENT AND DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr P J Dean
Mr M K J Dance
Mr G T R Dance



REGISTERED OFFICE: Unit S The Wallows Industrial Estate
Fens Pool Avenue
Brierley Hill
DY5 1QA



REGISTERED NUMBER: 14093247 (England and Wales)



ACCOUNTANTS: MPS Accountancy Ltd
Unit S The Wallows
Industrial Estate
Fens Pool Avenue
Brierley Hill
DY5 1QA



BANKERS: Clearbank Limited
5th Floor 1 Appold Street
London
EC2A 2UT



INCORPORATED: 9th May 2022

OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)

ABRIDGED BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,248 31,560

CURRENT ASSETS
Debtors 64,600 33,497
Cash at bank 69,319 36,091
133,919 69,588
CREDITORS
Amounts falling due within one year 149,419 68,342
NET CURRENT (LIABILITIES)/ASSETS (15,500 ) 1,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,748

32,806

PROVISIONS FOR LIABILITIES 5 1,324 1,761
NET ASSETS 8,424 31,045

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,423 31,044
SHAREHOLDERS' FUNDS 8,424 31,045

OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2025 and were signed on its behalf by:




Mr G T R Dance - Director Mr M K J Dance - Director




Mr P J Dean - Director


OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Oakham Development and Design Ltd 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Financial instruments
The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

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.

OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 39,450
DEPRECIATION
At 1 June 2023 7,890
Charge for year 6,312
At 31 May 2024 14,202
NET BOOK VALUE
At 31 May 2024 25,248
At 31 May 2023 31,560

5. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 1,324 1,761

Deferred
tax
£   
Balance at 1 June 2023 1,761
Provided during year (437 )
Balance at 31 May 2024 1,324

OAKHAM DEVELOPMENT AND DESIGN LTD (REGISTERED NUMBER: 14093247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. PROVISIONS FOR LIABILITIES - continued

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

6. RELATED PARTY DISCLOSURES

At the year end the company owed the directors £94,261 (2023 - £50,706). This loan is interest free and repayable upon demand.