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OAKAS LIMITED

Registered Number
06704711
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

OAKAS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

CASSIDY, James

Company Secretary

CASSIDY, Hannah Josephine

Registered Address

5-7 Pellew Arcade 5-7 Pellew Arcade
Teign Street
Teignmouth
TQ14 8EB

Registered Number

06704711 (England and Wales)
OAKAS LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets321
21
Current assets
Debtors414,3963,454
Cash at bank and on hand112,192100,336
126,588103,790
Creditors amounts falling due within one year5(35,650)(31,264)
Net current assets (liabilities)90,93872,526
Total assets less current liabilities90,94072,527
Creditors amounts falling due after one year6(18,270)(28,273)
Net assets72,67044,254
Capital and reserves
Called up share capital100100
Profit and loss account72,57044,154
Shareholders' funds72,67044,254
The financial statements were approved and authorised for issue by the Director on 12 June 2025, and are signed on its behalf by:
CASSIDY, James
Director
Registered Company No. 06704711
OAKAS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 October 237,9049,4135,09622,413
At 30 September 247,9049,4135,09622,413
Depreciation and impairment
At 01 October 237,9049,4135,09522,412
Charge for year(2)-1(1)
At 30 September 247,9029,4135,09622,411
Net book value
At 30 September 242--2
At 30 September 23--11
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables10,6083,454
Other debtors3,788-
Total14,3963,454
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables27,46724,170
Bank borrowings and overdrafts500-
Taxation and social security6,7835,810
Accrued liabilities and deferred income9001,284
Total35,65031,264
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts18,27028,273
Total18,27028,273