Registered number
05285813
Architectural Oak Limited
Unaudited Filleted Accounts
30 November 2024
Architectural Oak Limited
Registered number: 05285813
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 56,239 72,794
Current assets
Stocks 35,000 55,000
Debtors 5 95,115 91,166
Cash at bank and in hand 14,623 125
144,738 146,291
Creditors: amounts falling due within one year 6 (201,002) (170,411)
Net current liabilities (56,264) (24,120)
Total assets less current liabilities (25) 48,674
Creditors: amounts falling due after more than one year 7 (13,479) (23,256)
Provisions for liabilities (10,686) (13,830)
Net (liabilities)/assets (24,190) 11,588
Capital and reserves
Called up share capital 2 2
Profit and loss account (24,192) 11,586
Shareholder's funds (24,190) 11,588
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 member has 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 R Hibberd
Director
Approved by the board on 14 June 2025
Architectural Oak Limited
Notes to the Accounts
for the year ended 30 November 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).
At 30 November 2024 the company had net liabilities of £24,190. The company is reliant on the continued support of the director. The director has confirmed his support to the company.
On the above basis the director considers that the accounts should be prepared on a going concern basis.
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:
Plant and machinery over 5 years
Motor vehicles over 4 years
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.
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. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 5,000
At 30 November 2024 5,000
Amortisation
At 1 December 2023 5,000
At 30 November 2024 5,000
Net book value
At 30 November 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 135,712 28,425 164,137
Additions 12,004 - 12,004
At 30 November 2024 147,716 28,425 176,141
Depreciation
At 1 December 2023 78,089 13,254 91,343
Charge for the year 23,502 5,057 28,559
At 30 November 2024 101,591 18,311 119,902
Net book value
At 30 November 2024 46,125 10,114 56,239
At 30 November 2023 57,623 15,171 72,794
5 Debtors 2024 2023
£ £
Trade debtors 73,094 91,166
Other debtors 22,021 -
95,115 91,166
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,800 38,687
Trade creditors 32,621 28,548
Corporation tax 5,768 13,223
Other taxes and social security costs 43,313 27,909
Other creditors 109,500 62,044
201,002 170,411
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,479 23,256
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 3,371 3,371
9 Other information
Architectural Oak Limited is a private company limited by shares and incorporated in England. Its registered office is:
Chapps Farmhouse
Slaughterford
Chippenham
Wiltshire
SN14 8RJ
Architectural Oak Limited 05285813 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 Mr R Hibberd No description of principal activity 05285813 2022-12-01 2023-11-30 05285813 core:WithinOneYear 2023-11-30 05285813 core:AfterOneYear 2023-11-30 05285813 core:ShareCapital 2023-11-30 05285813 core:RetainedEarningsAccumulatedLosses 2023-11-30 05285813 core:AllPeriods 2023-11-30 05285813 2023-12-01 2024-11-30 05285813 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05285813 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05285813 bus:Director40 2023-12-01 2024-11-30 05285813 1 2023-12-01 2024-11-30 05285813 2 2023-12-01 2024-11-30 05285813 core:PlantMachinery 2023-12-01 2024-11-30 05285813 core:Vehicles 2023-12-01 2024-11-30 05285813 countries:England 2023-12-01 2024-11-30 05285813 bus:FRS102 2023-12-01 2024-11-30 05285813 bus:FilletedAccounts 2023-12-01 2024-11-30 05285813 2024-11-30 05285813 core:WithinOneYear 2024-11-30 05285813 core:AfterOneYear 2024-11-30 05285813 core:ShareCapital 2024-11-30 05285813 core:RetainedEarningsAccumulatedLosses 2024-11-30 05285813 core:Goodwill 2024-11-30 05285813 core:PlantMachinery 2024-11-30 05285813 core:Vehicles 2024-11-30 05285813 core:AllPeriods 2024-11-30 05285813 2023-11-30 05285813 core:Goodwill 2023-11-30 05285813 core:PlantMachinery 2023-11-30 05285813 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure