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COMPANY REGISTRATION NUMBER: 03341497
Oakridge Business Services Limited
Filleted Unaudited Financial Statements
31 March 2025
Oakridge Business Services Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
1,697
Current assets
Debtors
6
4,853
350
Cash at bank and in hand
36,516
89,560
--------
--------
41,369
89,910
Creditors: amounts falling due within one year
7
20,638
27,936
--------
--------
Net current assets
20,731
61,974
--------
--------
Total assets less current liabilities
20,731
63,671
--------
--------
Net assets
20,731
63,671
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
20,729
63,669
--------
--------
Shareholders funds
20,731
63,671
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mrs A J Baynham
Director
Company registration number: 03341497
Oakridge Business Services Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% straight line
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2024
680
4,618
5,298
Disposals
( 680)
( 4,618)
( 5,298)
----
-------
-------
At 31 March 2025
----
-------
-------
Depreciation
At 1 April 2024
79
3,522
3,601
Charge for the year
170
411
581
Disposals
( 249)
( 3,933)
( 4,182)
----
-------
-------
At 31 March 2025
----
-------
-------
Carrying amount
At 31 March 2025
----
-------
-------
At 31 March 2024
601
1,096
1,697
----
-------
-------
6. Debtors
2025
2024
£
£
Trade debtors
350
Other debtors
4,853
-------
----
4,853
350
-------
----
7. Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
6,223
Social security and other taxes
479
Other creditors
20,638
21,234
--------
--------
20,638
27,936
--------
--------