Registered number
06668935
Oldham Trading Limited
Filleted Accounts
31 August 2024
Oldham Trading Limited
Registered number: 06668935
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 26,261 26,261
Tangible assets 4 189,950 194,658
216,211 220,919
Current assets
Stocks 281,062 243,839
Debtors 5 30,680 32,977
Cash at bank and in hand 162,550 102,498
474,292 379,314
Creditors: amounts falling due within one year 6 (398,054) (315,666)
Net current assets 76,238 63,648
Total assets less current liabilities 292,449 284,567
Creditors: amounts falling due after more than one year 7 (100,866) (18,333)
Net assets 191,583 266,234
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 190,583 265,234
Shareholders' funds 191,583 266,234
The directors are 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 directors acknowledge their 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.
Mrs M Oldham
Director
Approved by the board on 29 May 2025
Oldham Trading Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Building improvements and integral features no depreciation is provided
Fixtures, fittings, tools and equipment 20% per annum on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 36 41
3 Intangible fixed assets £
Cost of franchise licence:
Cost
At 1 September 2023 26,261
At 31 August 2024 26,261
Amortisation
At 31 August 2024 -
Net book value
At 31 August 2024 26,261
At 31 August 2023 26,261
4 Tangible fixed assets
Building improvements and integral features Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 September 2023 171,117 190,517 361,634
At 31 August 2024 171,117 190,517 361,634
Depreciation
At 1 September 2023 - 166,976 166,976
Charge for the year - 4,708 4,708
At 31 August 2024 - 171,684 171,684
Net book value
At 31 August 2024 171,117 18,833 189,950
At 31 August 2023 171,117 23,541 194,658
5 Debtors 2024 2023
£ £
Other debtors 30,680 32,977
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,838 10,000
Trade creditors 12,213 5,969
Taxation and social security costs 62,200 60,257
Other creditors 300,803 239,440
398,054 315,666
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 100,866 18,333
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 9,516 -
Secured bank loans 123,704 -
9 Controlling party
The company is under the control of the managing director, Mrs M Oldham, who is also the majority shareholder.
10 Other information
Oldham Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Helena Road
Windsor
Berkshire
SL4 1JN
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