Fine Oak Building Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6812339

Fine Oak Building Limited

Filleted Unaudited Financial Statements

28 February 2025

Fine Oak Building Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		33,780	9,539

Current assets

Stocks		93,850	86,250
Debtors	7	20,405	8,674
Cash at bank and in hand		20,329	13,645
		---------	---------
		134,584	108,569

Creditors: amounts falling due within one year	8	131,463		99,408
		---------		---------
Net current assets			3,121	9,161
			--------	--------
Total assets less current liabilities			36,901	18,700

Creditors: amounts falling due after more than one year	9	26,471	4,234
		--------	--------
Net assets		10,430	14,466
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	10,330	14,366
	--------	--------
Shareholders funds	10,430	14,466
	--------	--------

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 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fine Oak Building Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 4 September 2025 , and are signed on behalf of the board by:

Mr R Gurteen

Director

Company registration number: 6812339

Fine Oak Building Limited

Notes to the Financial Statements

Year ended 28 February 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 c/o Ridgewell and Boreham, 24a Crown Street, Brentwood, Essex, CM14 4BA.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance
Website	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tax on (loss)/profit

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	376	–
Adjustments in respect of prior periods	1,133	( 30,683)
	-------	--------
Total current tax	1,509	( 30,683)
	-------	--------
	-------	--------
Tax on (loss)/profit	1,509	( 30,683)
	-------	--------

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Website	Total
	£	£	£	£	£
Cost
At 1 March 2024	11,070	16,250	1,000	2,976	31,296
Additions	–	35,499	–	–	35,499
	--------	--------	-------	-------	--------
At 28 February 2025	11,070	51,749	1,000	2,976	66,795
	--------	--------	-------	-------	--------
Depreciation
At 1 March 2024	7,299	11,109	515	2,834	21,757
Charge for the year	942	10,160	121	35	11,258
	--------	--------	-------	-------	--------
At 28 February 2025	8,241	21,269	636	2,869	33,015
	--------	--------	-------	-------	--------
Carrying amount
At 28 February 2025	2,829	30,480	364	107	33,780
	--------	--------	-------	-------	--------
At 29 February 2024	3,771	5,141	485	142	9,539
	--------	--------	-------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	13,846	8,613
Other debtors	6,559	61
	--------	-------
	20,405	8,674
	--------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,480	5,324
Trade creditors	34,408	34,445
Corporation tax	315	–
Social security and other taxes	73,219	49,934
Other creditors	19,041	9,705
	---------	--------
	131,463	99,408
	---------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	4,234
Other creditors	26,471	–
	--------	-------
	26,471	4,234
	--------	-------

10. Related party transactions

The company was under the joint control of Mr Turner and Mr Gurteen throughout the current and previous year. shareholder. It is necessary to declare that Mr Turner is a shareholder and Managing Director of KIT Carpentry, who supply labour and materials for Fine Oak Building Ltd, and Mr Gurteen is a shareholder and Managing Director of Spi Design Ltd, who have supplied web design and hosting for Fine Oak Building Ltd