Oakapple Trading Co Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Oakapple Trading Co Ltd

(Registration number: 16215064)
Statement of financial position as at 31 March 2026

	Note	2026 £
Fixed assets
Intangible assets	4	4
Tangible assets	5	7,500
		7,504
Current assets
Stocks	6	15,400
Debtors	7	18,862
Cash at bank and in hand		8,269
		42,531
Creditors: Amounts falling due within one year	8	(48,820)
Net current liabilities		(6,289)
Total assets less current liabilities		1,215
Creditors: Amounts falling due after more than one year	8	(23,899)
Net liabilities		(22,684)
Capital and reserves
Called up share capital	9	2
Retained earnings		(22,686)
Shareholders' deficit		(22,684)

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 29 October 2026
 

......................................... Mrs Cathy Whitby Director

Oakapple Trading Co Ltd

Notes to the Unaudited Financial Statements
for the Period from 29 January 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Golden Square
Petworth
West Sussex
GU28 0AP
England

These financial statements were authorised for issue by the director on 29 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Oakapple Trading Co Ltd

Notes to the Unaudited Financial Statements
for the Period from 29 January 2025 to 31 March 2026

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Oakapple Trading Co Ltd

Notes to the Unaudited Financial Statements
for the Period from 29 January 2025 to 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	5	5
At 31 March 2026	5	5
Amortisation
Amortisation charge	1	1
At 31 March 2026	1	1
Carrying amount
At 31 March 2026	4	4

Oakapple Trading Co Ltd

Notes to the Unaudited Financial Statements
for the Period from 29 January 2025 to 31 March 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Acquired through business combinations	10,000	10,000
At 31 March 2026	10,000	10,000
Depreciation
Charge for the period	2,500	2,500
At 31 March 2026	2,500	2,500
Carrying amount
At 31 March 2026	7,500	7,500

6

Stocks

	2026 £
Other inventories	15,400

7

Debtors

Current	2026 £
Trade debtors	735
Prepayments	874
Other debtors	17,253
	18,862

Oakapple Trading Co Ltd

Notes to the Unaudited Financial Statements
for the Period from 29 January 2025 to 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £
Due within one year
Trade creditors	8,300
Accruals and deferred income	10,500
Other creditors	30,020
	48,820

Creditors: amounts falling due after more than one year

	Note	2026 £
Due after one year
Loans and borrowings	10	23,899

9	Share capital

Allotted, called up and fully paid shares

	2026
	No.	£
Ordinary of £1 each	2	2

Allotted, called up and not fully paid shares

	2026
	No.	£
Ordinary Shares of £1 each	2	2

10	Loans and borrowings

Non-current loans and borrowings

	2026 £
Other borrowings	23,899