OAKWELL FLOORING LTD

Company Registration Number:
06732602 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

OAKWELL FLOORING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

OAKWELL FLOORING LTD

Company Information

for the Period Ended 31 December 2024




Director: I L Ford
Secretary: P W Coulson
Registered office: 17
Lambsfrith Grove
Hempstead
Gillingham
England
ME7 3RU
Company Registration Number: 06732602 (England and Wales)

OAKWELL FLOORING LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The principal activity of the company in the period under review continues to be that of the retail of carpets and floor coverings.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
I L Ford

Secretary
P W Coulson

This report was approved by the board of directors on 30 April 2025
And Signed On Behalf Of The Board By:

Name: I L Ford
Status: Director

OAKWELL FLOORING LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Turnover 4,966 9,065
Cost of sales ( 3,437 ) ( 2,468 )
Gross Profit or (Loss) 1,529 6,597
Administrative Expenses ( 13,301 ) ( 14,489 )
Operating Profit or (Loss) ( 11,772 ) ( 7,892 )
Interest Receivable and Similar Income 2,919 3,212
Profit or (Loss) Before Tax ( 8,853 ) ( 4,680 )
Profit or (Loss) for Period ( 8,853 ) ( 4,680 )

The notes form part of these financial statements

OAKWELL FLOORING LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 4,747 6,329
Total fixed assets: 4,747 6,329
Current assets
Debtors: 6 0 0
Cash at bank and in hand: 71,611 101,872
Total current assets: 71,611 101,872
Creditors: amounts falling due within one year: 7 ( 32,539 ) ( 27,329 )
Net current assets (liabilities): 39,072 74,543
Total assets less current liabilities: 43,819 80,872
Total net assets (liabilities): 43,819 80,872

The notes form part of these financial statements

OAKWELL FLOORING LTD

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 42,819 79,872
Shareholders funds: 43,819 80,872

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 April 2025
And Signed On Behalf Of The Board By:

Name: I L Ford
Status: Director

The notes form part of these financial statements

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor vehicles :- 25% on reducing balance; Fixtures, fittings and equipment :- 25% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Dividends


2024
£

2023
£
Dividends paid 28,200 26,500

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Tangible assets

Fixtures & fittings Motor vehicles Total
Cost £ £ £
At 01 January 2024 11,146 21,574 32,720
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 December 2024 11,146 21,574 32,720
Depreciation
At 01 January 2024 10,341 16,050 26,391
Charge for year 201 1,381 1,582
On disposals - - -
Other adjustments - - -
At 31 December 2024 10,542 17,431 27,973
Net book value
At 31 December 2024 604 4,143 4,747
At 31 December 2023 805 5,524 6,329

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Total 0 0

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 490 705
Other creditors 32,049 26,624
Total 32,539 27,329

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by thedirector but not contracted for at 31 December 2024 (2023: £nil).

OAKWELL FLOORING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 9. Post balance sheet events

    There were no significant post balance sheet events.