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REGISTERED NUMBER: 13045180 (England and Wales)
























Unaudited Financial Statements for the Year Ended 30 November 2024

for

Oakmere Timber Limited

Oakmere Timber Limited (Registered number: 13045180)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakmere Timber Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: C Latham





REGISTERED OFFICE: 25 Church Street
Kelsall
Tarporley
Cheshire
CW6 0QB





REGISTERED NUMBER: 13045180 (England and Wales)





ACCOUNTANTS: Craven Dalton
PO Box 284
Wirral
CH29 9GW

Oakmere Timber Limited (Registered number: 13045180)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,905 35,306

CURRENT ASSETS
Stocks 5 40,222 41,845
Debtors 6 - 1,495
Cash at bank 29,510 21,891
69,732 65,231
CREDITORS
Amounts falling due within one year 7 16,901 16,116
NET CURRENT ASSETS 52,831 49,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,736

84,421

CREDITORS
Amounts falling due after more than one
year

8

(7,653

)

(12,480

)

PROVISIONS FOR LIABILITIES (7,772 ) (6,708 )
NET ASSETS 78,311 65,233

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 78,301 65,223
78,311 65,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Oakmere Timber Limited (Registered number: 13045180)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2025 and were signed by:





C Latham - Director


Oakmere Timber Limited (Registered number: 13045180)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Oakmere Timber Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Oakmere Timber Limited (Registered number: 13045180)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 28,899 24,147 353 53,399
Additions 18,268 - - 18,268
At 30 November 2024 47,167 24,147 353 71,667
DEPRECIATION
At 1 December 2023 9,576 8,301 216 18,093
Charge for year 8,590 3,961 118 12,669
At 30 November 2024 18,166 12,262 334 30,762
NET BOOK VALUE
At 30 November 2024 29,001 11,885 19 40,905
At 30 November 2023 19,323 15,846 137 35,306

Oakmere Timber Limited (Registered number: 13045180)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 24,147
DEPRECIATION
At 1 December 2023 8,301
Charge for year 3,961
At 30 November 2024 12,262
NET BOOK VALUE
At 30 November 2024 11,885
At 30 November 2023 15,846

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 38,180 40,660
Work-in-progress 2,042 1,185
40,222 41,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors - 205
Directors' loan accounts - 1,290
- 1,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 4,827 4,827
Trade creditors - 1
Tax 8,602 6,533
VAT 1,185 3,678
Directors' loan accounts 1,210 -
Accrued expenses 1,077 1,077
16,901 16,116

Oakmere Timber Limited (Registered number: 13045180)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 7,653 12,480

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 12,480 17,307

The hire purchase liability is secured on the asset concerned.