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REGISTERED NUMBER: 07243141 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Oaktree (Kent) Limited

Oaktree (Kent) Limited (Registered number: 07243141)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oaktree (Kent) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J A Payne





REGISTERED OFFICE: 111 High Street
Strood
Rochester
Kent
ME2 4TJ





REGISTERED NUMBER: 07243141 (England and Wales)






Oaktree (Kent) Limited (Registered number: 07243141)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,818 7,562

CURRENT ASSETS
Stocks 47,612 11,634
Debtors 5 124,076 126,827
Cash at bank and in hand 13,683 17,073
185,371 155,534
CREDITORS
Amounts falling due within one year 6 148,750 90,253
NET CURRENT ASSETS 36,621 65,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,439

72,843

CREDITORS
Amounts falling due after more than
one year

7

39,618

54,815
NET ASSETS 20,821 18,028

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,820 18,027
20,821 18,028

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 director acknowledges his 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.

Oaktree (Kent) Limited (Registered number: 07243141)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 1 February 2025 and were signed by:





J A Payne - Director


Oaktree (Kent) Limited (Registered number: 07243141)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Oaktree (Kent) 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 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Oaktree (Kent) Limited (Registered number: 07243141)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 36,442
Additions 17,769
At 31 May 2024 54,211
DEPRECIATION
At 1 June 2023 28,880
Charge for year 1,513
At 31 May 2024 30,393
NET BOOK VALUE
At 31 May 2024 23,818
At 31 May 2023 7,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 95,004 90,377
Other debtors 29,072 36,450
124,076 126,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 5,993
Hire purchase contracts 6,364 6,364
Trade creditors 52,352 15,755
Taxation and social security 7,322 6,475
Other creditors 82,712 55,666
148,750 90,253

Oaktree (Kent) Limited (Registered number: 07243141)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 39,618 54,815