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Registered number: 13768897
Oak Tree Energy Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
The Hughes Partnership
Chartered Certified Accountants and Business Advisers
Unit 22 Ensign Business Centre
Westwood Way, Westwood Business Park
Coventry
CV4 8JA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13768897
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 5 9,600 12,000
Tangible Assets 6 68,840 4,074
78,440 16,074
CURRENT ASSETS
Debtors 7 61,782 32,068
Cash at bank and in hand 25,961 236,564
87,743 268,632
Creditors: Amounts Falling Due Within One Year 8 (236,780 ) (176,925 )
NET CURRENT ASSETS (LIABILITIES) (149,037 ) 91,707
TOTAL ASSETS LESS CURRENT LIABILITIES (70,597 ) 107,781
NET (LIABILITIES)/ASSETS (70,597 ) 107,781
Income and Expenditure Account (70,597 ) 107,781
MEMBERS' FUNDS (70,597) 107,781
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Richard Butler
Director
8 December 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oak Tree Energy Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 13768897 . The registered office is Ground Floor Office Suite Block Two, Waterton Industrial Estate, Bridgend, CF31 3PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance basis
Motor Vehicles 15% reducing balance basis
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 4)
16 4
4. Prior Period Adjustment
During the year the company reviewed certain brought-forward balances in the financial statements. The company was unable to obtain sufficient information from the previous accountants to determine the basis on which these balances had originally been recorded. As a result, the directors have reassessed these amounts based on information available and concluded that adjustments totalling £106,072 were required.
These adjustments have been recognised by restating the comparative figures and adjusting opening retained earnings and net assets at 30 November 2023.
5. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 12,000
As at 30 November 2024 12,000
Amortisation
As at 1 December 2023 -
Provided during the period 2,400
As at 30 November 2024 2,400
Net Book Value
As at 30 November 2024 9,600
As at 1 December 2023 12,000
6. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 5,789 - 5,789
Additions 48,209 24,990 73,199
As at 30 November 2024 53,998 24,990 78,988
Depreciation
As at 1 December 2023 1,715 - 1,715
Provided during the period 4,684 3,749 8,433
As at 30 November 2024 6,399 3,749 10,148
Net Book Value
As at 30 November 2024 47,599 21,241 68,840
As at 1 December 2023 4,074 - 4,074
Page 3
Page 4
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 61,782 32,068
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 7,594 7,985
Amounts owed to participating interests 14,091 14,091
Other creditors - 5,500
Taxation and social security 215,095 149,349
236,780 176,925
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4