Registered number
03631251
Wealden Oak Limited
Filleted Accounts
30 September 2024
Wealden Oak Limited
Registered number: 03631251
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 170,067 154,461
Current assets
Stocks 270,000 275,000
Debtors 4 96,190 68,048
Cash at bank and in hand 40,886 52,923
407,076 395,971
Creditors: amounts falling due within one year 5 (348,439) (304,160)
Net current assets 58,637 91,811
Total assets less current liabilities 228,704 246,272
Creditors: amounts falling due after more than one year 6 (46,064) (67,153)
Provisions for liabilities (8,010) (3,732)
Net assets 174,630 175,387
Capital and reserves
Called up share capital 6 6
Profit and loss account 174,624 175,381
Shareholders' funds 174,630 175,387
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Askew
Director
Approved by the board on 26 September 2025
Wealden Oak Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Land improvements 2% straight line
No depreciation is provided on freehold land.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 151,539 76,560 29,895 257,994
Additions - - 30,995 30,995
Disposals - - (13,500) (13,500)
At 30 September 2024 151,539 76,560 47,390 275,489
Depreciation
At 1 October 2023 12,007 64,887 26,639 103,533
Charge for the year 1,505 2,919 7,762 12,186
On disposals - - (10,297) (10,297)
At 30 September 2024 13,512 67,806 24,104 105,422
Net book value
At 30 September 2024 138,027 8,754 23,286 170,067
At 30 September 2023 139,532 11,673 3,256 154,461
4 Debtors 2024 2023
£ £
Trade debtors 70,652 54,229
Other debtors 25,538 13,819
96,190 68,048
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 35,988 34,313
Obligations under finance lease and hire purchase contracts 6,660 4,774
Trade creditors 262,295 208,668
Taxation and social security costs 9,618 20,880
Other creditors 33,878 35,525
348,439 304,160
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,258 61,246
Obligations under finance lease and hire purchase contracts 20,806 5,907
46,064 67,153
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 17,977 26,329
The bank loan is secured by a fixed and floating charge over the assets of the company.

An additional loan of £43,268 (2023:£69,229) is secured by way of a directors guarantee only.
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 7,183 -
9 Related party transactions
During the year the directors continued to provide funds to the company with no set repayment terms. A designated proportion of these funds totalling £20,000 attracts interest at 8%. All resdiual balances are provided interest free. At the year end the company owed the directors £29,555 (2023: £31,375).
10 Other information
Wealden Oak Limited is a private company limited by shares and incorporated in England. Its registered office is:
Gabriels Farm
Marsh Green
Edenbridge
TN8 5PP
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