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Registered number: 09555973
Oakbourne Services Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
LONDON ACCOUNTING GROUP LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09555973
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,498 4,164
8,498 4,164
CURRENT ASSETS
Stocks 5 5,500 23,104
Debtors 6 415,933 431,813
Cash at bank and in hand 6,681 1,890
428,114 456,807
Creditors: Amounts Falling Due Within One Year 7 (129,605 ) (176,831 )
NET CURRENT ASSETS (LIABILITIES) 298,509 279,976
TOTAL ASSETS LESS CURRENT LIABILITIES 307,007 284,140
Creditors: Amounts Falling Due After More Than One Year 8 (53,201 ) (20,735 )
NET ASSETS 253,806 263,405
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 253,805 263,404
SHAREHOLDERS' FUNDS 253,806 263,405
Page 1
Page 2
For the year ending 30 April 2025 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 Profit and Loss Account.
On behalf of the board
Mr Yidele Herzka
Director
13/01/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakbourne Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09555973 . The registered office is 4 Vaagen Road, Canvey Island, SS8 9DP.
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. 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:
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2024 6,169 2,794 8,963
Additions 4,993 - 4,993
As at 30 April 2025 11,162 2,794 13,956
Depreciation
As at 1 May 2024 2,343 2,456 4,799
Provided during the period 574 85 659
As at 30 April 2025 2,917 2,541 5,458
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 April 2025 8,245 253 8,498
As at 1 May 2024 3,826 338 4,164
5. Stocks
2025 2024
£ £
Work in progress 5,500 23,104
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 206,529 219,639
Prepayments and accrued income 22,167 22,167
Other debtors 187,237 190,007
415,933 431,813
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,432 16,731
Bank loans and overdrafts - 137
Corporation tax - 23,714
VAT 76,057 41,066
Other creditors 42,766 94,083
Accruals and deferred income 2,350 1,100
129,605 176,831
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 53,201 20,735
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4