OAKTREE ACCOUNTANCY (COCKERMOUTH) LIMITED

OAKTREE ACCOUNTANCY (COCKERMOUTH) LIMITED
Registered number:		07227314
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		-			-
Tangible assets			-			-
			-			-

Current assets
Debtors	5	30,088			34,375
Cash at bank and in hand		5,350			4,381
		35,438			38,756

Creditors: amounts falling due within one year	6	(27,091)			(18,101)

Net current assets			8,347			20,655

Total assets less current liabilities			8,347			20,655

Net assets			8,347			20,655

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			7,347			19,655

Shareholders' funds			8,347			20,655

The director is 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 director acknowledges his 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.




Mr. Christopher Thomas Daniel Macleod
Director
Approved by the board on 15 May 2026

OAKTREE ACCOUNTANCY (COCKERMOUTH) LIMITED
Notes to the Accounts
for the year ended 30 April 2026

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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:
	Computers	over 4 years

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 May 2025				20,000
	At 30 April 2026				20,000

	Amortisation
	At 1 May 2025				20,000
	At 30 April 2026				20,000

	Net book value
	At 30 April 2026				-
	At 30 April 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.

4	Tangible fixed assets
			Computers		Total
£				£
	Cost
	At 1 May 2025		1,002		1,002
	At 30 April 2026		1,002		1,002

	Depreciation
	At 1 May 2025		1,002		1,002
	Charge for the year		-		-
	At 30 April 2026		1,002		1,002

	Net book value
	At 30 April 2026		-		-
	At 30 April 2025		-		-

5	Debtors		2026		2025
£				£

	Trade debtors		944		-
	Mr. Christopher Thomas Daniel Macleod		18,082		31,312
	Mrs. Claire Helen Macleod		10,000		2,000
	Prepayments		1,062		1,063
			30,088		34,375

6	Creditors: amounts falling due within one year		2026		2025
£				£

	Corporation tax		9,569		10,797
	Accruals		17,522		2,437
	Deferred income		-		4,867
			27,091		18,101

7	Ultimate controlling party and related party transactions
	The company was under the control of Mr. Christopher Thomas Daniel Macleod throughout the current and previous period. Mrs. Claire Helen Macleod is the director's wife. Mr. Thomas Paul Macleod is the director's son.
	No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (effective April 2008), except for those disclosed below.

			2026		2025
£				£
	Equity dividends paid to Mr. Christopher Thomas Daniel Macleod		42,000		41,500
	Equity dividends paid to Mrs. Claire Helen Macleod		10,000		10,000
	Equity dividends paid to Mr. Thomas Paul Macleod		500		500
	Balance owing (to) / from Mr. Christopher Thomas Daniel Macleod		18,082		31,312
	Balance owing (to) / from Mrs. Claire Helen Macleod		10,000		2,000

	Interest at 3.75% per annum is charged on balances over £10,000 owed to the company.

22	Other information
	OAKTREE ACCOUNTANCY (COCKERMOUTH) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	27 Oaktree Crescent
	Cockermouth
	Cumbria
	CA13 9HR