Company Registration No. 05073585 (England and Wales)
Oaklands Wealth Management Ltd.
Unaudited accounts
for the year ended 31 March 2025
Oaklands Wealth Management Ltd.
Unaudited accounts
Contents
Oaklands Wealth Management Ltd.
Statement of financial position
as at 31 March 2025
Tangible assets
4,974
1,984
Cash at bank and in hand
522,435
439,696
Creditors: amounts falling due within one year
(45,913)
(34,813)
Net current assets
476,522
424,495
Net assets
481,496
426,479
Called up share capital
10,000
10,000
Profit and loss account
471,496
416,479
Shareholders' funds
481,496
426,479
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
Mr G Blackburn
Director
Company Registration No. 05073585
Oaklands Wealth Management Ltd.
Notes to the Accounts
for the year ended 31 March 2025
Oaklands Wealth Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 05073585. The registered office is 12a Duke Street, Sutton Coldfield, West Midlands, B72 1RJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33.3% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Oaklands Wealth Management Ltd.
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
13,739
20,949
34,688
At 31 March 2025
13,739
27,502
41,241
At 1 April 2024
13,739
18,965
32,704
Charge for the year
-
3,563
3,563
At 31 March 2025
13,739
22,528
36,267
At 31 March 2025
-
4,974
4,974
At 31 March 2024
-
1,984
1,984
Amounts falling due within one year
Accrued income and prepayments
-
6,825
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
39,720
22,717
Loans from directors
3,236
3,237
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
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Average number of employees
During the year the average number of employees was 11 (2024: 12).