Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31false72023-08-01No description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 4826997 2023-08-01 2024-07-31 4826997 2022-08-01 2023-07-31 4826997 2024-07-31 4826997 2023-07-31 4826997 c:Director3 2023-08-01 2024-07-31 4826997 d:PlantMachinery 2023-08-01 2024-07-31 4826997 d:PlantMachinery 2024-07-31 4826997 d:PlantMachinery 2023-07-31 4826997 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 4826997 d:MotorVehicles 2023-08-01 2024-07-31 4826997 d:MotorVehicles 2024-07-31 4826997 d:MotorVehicles 2023-07-31 4826997 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 4826997 d:OfficeEquipment 2023-08-01 2024-07-31 4826997 d:OfficeEquipment 2024-07-31 4826997 d:OfficeEquipment 2023-07-31 4826997 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 4826997 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 4826997 d:CurrentFinancialInstruments 2024-07-31 4826997 d:CurrentFinancialInstruments 2023-07-31 4826997 d:Non-currentFinancialInstruments 2024-07-31 4826997 d:Non-currentFinancialInstruments 2023-07-31 4826997 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 4826997 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 4826997 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 4826997 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 4826997 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 4826997 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 4826997 d:ShareCapital 2024-07-31 4826997 d:ShareCapital 2023-07-31 4826997 d:RetainedEarningsAccumulatedLosses 2024-07-31 4826997 d:RetainedEarningsAccumulatedLosses 2023-07-31 4826997 c:FRS102 2023-08-01 2024-07-31 4826997 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 4826997 c:FullAccounts 2023-08-01 2024-07-31 4826997 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 4826997 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 4826997









OAK BUILDING SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
OAK BUILDING SERVICES LIMITED
REGISTERED NUMBER: 4826997

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
27,920
37,174

  
27,920
37,174

Current assets
  

Stocks
  
-
86,380

Debtors: amounts falling due within one year
 5 
82,699
24,175

Cash at bank and in hand
 6 
159,387
161,941

  
242,086
272,496

Creditors: amounts falling due within one year
 7 
(163,762)
(127,962)

Net current assets
  
 
 
78,324
 
 
144,534

Total assets less current liabilities
  
106,244
181,708

Creditors: amounts falling due after more than one year
 8 
(32,770)
(99,031)

  

Net assets
  
73,474
82,677


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
73,374
82,577

  
73,474
82,677


Page 1

 
OAK BUILDING SERVICES LIMITED
REGISTERED NUMBER: 4826997
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Evans
Director

Date: 24 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Oak Building Services Limited (company number 04826997) is a private company limited by shares, registered in England and Wales. Its registered office address is Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and equipment
-
20%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 5

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Tangible fixed assets





Plant & machinery
Motor  vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
6,867
57,284
2,601
66,752



At 31 July 2024

6,867
57,284
2,601
66,752



Depreciation


At 1 August 2023
6,246
20,881
2,451
29,578


Charge for the year on owned assets
124
9,100
30
9,254



At 31 July 2024

6,370
29,981
2,481
38,832



Net book value



At 31 July 2024
497
27,303
120
27,920



At 31 July 2023
621
36,403
150
37,174


5.


Debtors

2024
2023
£
£


Trade debtors
73,160
-

Other debtors
9,539
24,175

82,699
24,175



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
159,387
161,941

159,387
161,941


Page 6

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
66,500
66,500

Trade creditors
49,572
41,729

Corporation tax
12,228
-

Other taxation and social security
29,917
15,248

Other creditors
4,295
3,235

Accruals and deferred income
1,250
1,250

163,762
127,962



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
32,770
99,031

32,770
99,031


Included in bank loans after more than one year is an unsecured bounce back loan. Interest is charged at the rate of 2.5% and is fully backed by the UK government under the BBLS rules.  


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
66,500
66,500


66,500
66,500



Amounts falling due after more than 5 years

Bank loans
32,770
99,031

32,770
99,031

99,270
165,531


Page 7

 
OAK BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £128,790 (2023- £168,271). Contributions totalling £(66) (2023- £nil) were payable to the fund at the balance sheet date


11.


Related party transactions

At 31 July 2024 the company owed £4,361 (2023: £3,235) to the former directors. No interest has been
charged to the company in respect of this loan which is repayable on demand and classified in creditors
due within one year.

 
Page 8