Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07888215 Mr Malcolm Hill Mr Connor Hill Mr Mitchell Hill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07888215 2024-01-31 07888215 2025-01-31 07888215 2024-02-01 2025-01-31 07888215 frs-core:CurrentFinancialInstruments 2025-01-31 07888215 frs-core:ComputerEquipment 2025-01-31 07888215 frs-core:ComputerEquipment 2024-02-01 2025-01-31 07888215 frs-core:ComputerEquipment 2024-01-31 07888215 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 07888215 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 07888215 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 07888215 frs-core:PlantMachinery 2025-01-31 07888215 frs-core:PlantMachinery 2024-02-01 2025-01-31 07888215 frs-core:PlantMachinery 2024-01-31 07888215 frs-core:RevaluationReserve 2024-01-31 07888215 frs-core:RevaluationReserve 2025-01-31 07888215 frs-core:ShareCapital 2025-01-31 07888215 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07888215 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07888215 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07888215 frs-bus:SmallEntities 2024-02-01 2025-01-31 07888215 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07888215 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07888215 frs-bus:Director1 2024-02-01 2025-01-31 07888215 frs-bus:Director2 2024-02-01 2025-01-31 07888215 frs-bus:Director3 2024-02-01 2025-01-31 07888215 frs-countries:EnglandWales 2024-02-01 2025-01-31 07888215 2023-01-31 07888215 2024-01-31 07888215 2023-02-01 2024-01-31 07888215 frs-core:CurrentFinancialInstruments 2024-01-31 07888215 frs-core:RevaluationReserve 2024-01-31 07888215 frs-core:ShareCapital 2024-01-31 07888215 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07888215
Oakfield Flat Roofing Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07888215
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 510,133 511,077
510,133 511,077
CURRENT ASSETS
Debtors 5 6,329 22,920
Cash at bank and in hand 31,881 30,922
38,210 53,842
Creditors: Amounts Falling Due Within One Year 6 (379,187 ) (399,166 )
NET CURRENT ASSETS (LIABILITIES) (340,977 ) (345,324 )
TOTAL ASSETS LESS CURRENT LIABILITIES 169,156 165,753
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,705 ) (4,236 )
NET ASSETS 164,451 161,517
CAPITAL AND RESERVES
Called up share capital 7 10 10
Revaluation reserve 8 10,000 10,000
Profit and Loss Account 154,441 151,507
SHAREHOLDERS' FUNDS 164,451 161,517
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For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Malcolm Hill
Director
27/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakfield Flat Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07888215 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% on reducing balance
Plant & Machinery 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 501,311 21,909 6,285 529,505
Additions - - 750 750
Disposals - - (432 ) (432 )
As at 31 January 2025 501,311 21,909 6,603 529,823
Depreciation
As at 1 February 2024 - 15,722 2,706 18,428
Provided during the period - 928 628 1,556
Disposals - - (294 ) (294 )
As at 31 January 2025 - 16,650 3,040 19,690
Net Book Value
As at 31 January 2025 501,311 5,259 3,563 510,133
As at 1 February 2024 501,311 6,187 3,579 511,077
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,870 20,736
Prepayments and accrued income 2,160 1,885
Other debtors 299 299
6,329 22,920
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 943 12,624
Other taxes and social security 76 297
VAT 3,191 3,370
Directors' loan accounts 374,977 382,875
379,187 399,166
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
8. Reserves
Revaluation Reserve
£
As at 1 February 2024 10,000
As at 31 January 2025 10,000
9. Related Party Transactions
Included in other creditors is an amount of £374,977 (2024 - £382,875), owd to the company director Mr M Hill. This loan is interest free and no repayment terms have been agreed.
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