Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3112023-04-01falsePlumbing services1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06865069 2023-04-01 2024-03-31 06865069 2022-04-01 2023-03-31 06865069 2024-03-31 06865069 2023-03-31 06865069 c:Director1 2023-04-01 2024-03-31 06865069 c:RegisteredOffice 2023-04-01 2024-03-31 06865069 d:PlantMachinery 2023-04-01 2024-03-31 06865069 d:PlantMachinery 2024-03-31 06865069 d:PlantMachinery 2023-03-31 06865069 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06865069 d:FurnitureFittings 2023-04-01 2024-03-31 06865069 d:ComputerEquipment 2023-04-01 2024-03-31 06865069 d:ComputerEquipment 2024-03-31 06865069 d:ComputerEquipment 2023-03-31 06865069 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06865069 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06865069 d:CurrentFinancialInstruments 2024-03-31 06865069 d:CurrentFinancialInstruments 2023-03-31 06865069 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06865069 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06865069 d:ShareCapital 2024-03-31 06865069 d:ShareCapital 2023-03-31 06865069 d:RetainedEarningsAccumulatedLosses 2024-03-31 06865069 d:RetainedEarningsAccumulatedLosses 2023-03-31 06865069 c:FRS102 2023-04-01 2024-03-31 06865069 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06865069 c:FullAccounts 2023-04-01 2024-03-31 06865069 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06865069 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 06865069














OAKDENE HEATING LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
OAKDENE HEATING LTD
 
 
COMPANY INFORMATION


Director
M A Woudstra 




Registered number
06865069



Registered office
Vaughan Chambers
Vaughan Road

Harpenden

England

AL5 4EE




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
OAKDENE HEATING LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
OAKDENE HEATING LTD
REGISTERED NUMBER:06865069

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
390
563

  
390
563

Current assets
  

Stocks
  
1,250
1,250

Debtors: amounts falling due within one year
 5 
20,062
29,532

Cash at bank and in hand
  
8,499
7,569

  
29,811
38,351

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(24,553)
(38,529)

Net current assets/(liabilities)
  
 
 
5,258
 
 
(178)

Net assets
  
5,648
385


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,647
384

  
5,648
385


Page 1

 
OAKDENE HEATING LTD
REGISTERED NUMBER:06865069
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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: 




M A Woudstra
Director

Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OAKDENE HEATING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Oakdene Heating Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Vaughan Chambers, Vaughen Road, Harpenden, England, AL5 4EE.
The principal activity of the company continued to be that of providing plumbing services.
The company's functional and presentational currency is £ Sterling. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.3

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 reporting date in the countries where the Company operates and generates income.

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
OAKDENE HEATING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
33%
reducing balance
Computer equipment
-

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.

 
2.5

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 includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

At each reporting 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless
Page 4

 
OAKDENE HEATING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
OAKDENE HEATING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
4,247
2,926
7,173



At 31 March 2024

4,247
2,926
7,173



Depreciation


At 1 April 2023
4,141
2,470
6,611


Charge for the year on owned assets
21
151
172



At 31 March 2024

4,162
2,621
6,783



Net book value



At 31 March 2024
85
305
390



At 31 March 2023
106
457
563


5.


Debtors

2024
2023
£
£


Trade debtors
16,832
24,992

Other debtors
484
154

Prepayments and accrued income
2,746
4,386

20,062
29,532


Page 6

 
OAKDENE HEATING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,531
4,470

Corporation tax
7,884
12,438

Other taxation and social security
-
605

Other creditors
7,639
17,917

Accruals and deferred income
2,499
3,099

24,553
38,529



7.


Related party transactions

Included within other creditors is £6,851 (2023 - £17,917) owed to the director.  This amount is interest free and repayable on demand.

 
Page 7