REGISTERED NUMBER: 13247859 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 29 SEPTEMBER 2024

FOR

OATS & HONEY LTD

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

Mr J S B Middleton

Ms S Smith

REGISTERED OFFICE:

39 Deepdale Drive

Swinton

Greater Manchester

M27 8TZ

BUSINESS ADDRESS:

205 Monton Road

Eccles

Greater Manchester

M30 9PN

REGISTERED NUMBER:

13247859 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The directors present their report with the financial statements of the company for the period 1 October 2023 to 29 September 2024.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 October 2023 to the date of this report.

The beneficial interests of the directors holding office at 29 September 2024 in the shares of the company, according to the register of directors' interests, were as follows:

29.9.24

1.10.23

Ordinary shares of £1 each

Mr J S B Middleton

1

1

Ms S Smith

1

1

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr J S B Middleton - Director

1 September 2025

FIXED ASSETS

Tangible assets

4

21,637

25,503

CURRENT ASSETS

Stocks

10,336

7,014

Debtors

5

28,372

21,496

Cash at bank and in hand

6,436

3,357

45,144

31,867

CREDITORS

Amounts falling due within one year

6

(66,757

)

(51,074

)

NET CURRENT LIABILITIES

(21,613

)

(19,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24

6,296

CREDITORS

Amounts falling due after more than one year

7

(12,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

(1,864

)

(1,403

)

NET LIABILITIES

(13,840

)

(15,107

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(13,842

)

(15,109

)

SHAREHOLDERS' FUNDS

(13,840

)

(15,107

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

Mr J S B Middleton - Director

Ms S Smith - Director

1.	STATUTORY INFORMATION

Oats & Honey Ltd 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.

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 October 2023

26,400

11,119

7,030

Additions

-

314

-

At 29 September 2024

26,400

11,433

7,030

DEPRECIATION

At 1 October 2023

11,315

4,693

3,076

Charge for period

3,772

1,684

987

At 29 September 2024

15,087

6,377

4,063

NET BOOK VALUE

At 29 September 2024

11,313

5,056

2,967

At 30 September 2023

15,085

6,426

3,954

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

-

67

44,616

Additions

3,029

-

3,343

At 29 September 2024

3,029

67

47,959

DEPRECIATION

At 1 October 2023

-

29

19,113

Charge for period

757

9

7,209

At 29 September 2024

757

38

26,322

NET BOOK VALUE

At 29 September 2024

2,272

29

21,637

At 30 September 2023

-

38

25,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

30.9.23

£

£

Amounts owed by participating interests

3,000

-

Other debtors

25,372

21,496

28,372

21,496

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

30.9.23

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

22,025

6,238

Taxation and social security

31,682

33,933

Other creditors

5,050

2,903

66,757

51,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

30.9.23

£

£

Bank loans

12,000

20,000

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

29.9.24

30.9.23

£

£

Within one year

18,000

18,000

Between one and five years

27,000

45,000

45,000

63,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 September 2024 and the year ended 30 September 2023:

29.9.24

30.9.23

£

£

Ms S Smith

Balance outstanding at start of period

9,998

4,719

Amounts advanced

-

5,279

Amounts repaid

(21

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

9,977

9,998

Mr J S B Middleton

Balance outstanding at start of period

9,998

4,719

Amounts advanced

-

5,279

Amounts repaid

(21

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

9,977

9,998

10.	ULTIMATE CONTROLLING PARTY

The company was under control of the directors for the year