Registered number
12843187
Oakwood Data Limited
Unaudited Filleted Accounts
31 August 2024
Oakwood Data Limited
Registered number: 12843187
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 956 1,321
Current assets
Debtors 4 149,484 122,538
Cash at bank and in hand 1,240,510 923,356
1,389,994 1,045,894
Creditors: amounts falling due within one year 5 (574,807) (468,067)
Net current assets 815,187 577,827
Net assets 816,143 579,148
Capital and reserves
Called up share capital 100 100
Profit and loss account 816,043 579,048
Shareholders' funds 816,143 579,148
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J. Sa Joe
Director
Approved by the board on 13 May 2025
Oakwood Data Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Statement of compliance
Oakwood Data Limited is a private company limited by shares, incorporated in England and Wales. The address of the principal place of business, is its registered office which is disclosed on the information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In doing this, they have considered the level of reserves held, the results for the period, expectations of future trading as a result of trading relationships with key customers. On the basis of this information the directors are satisfied that the company will continue as a going concern and so the financial statements have been prepared on this basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 1,824
At 31 August 2024 1,824
Depreciation
At 1 September 2023 503
Charge for the year 365
At 31 August 2024 868
Net book value
At 31 August 2024 956
At 31 August 2023 1,321
4 Debtors 2024 2023
£ £
Other debtors 149,484 122,538
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 946 1,390
Director's loan account 7,003 4,147
Taxation and social security costs 414,011 314,967
Other creditors 152,847 147,563
574,807 468,067
6 Other information
Oakwood Data Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit T13 Tideway Yard
125 Mortlake High Street
London
SW14 8SN
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