Blackoak Finance Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08056073 (England and Wales)

Blackoak Finance Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr I Willicombe

SECRETARY:

REGISTERED OFFICE:

3 The Courtyard

Timothy's Bridge Road

Stratford On Avon

Warwickshire

CV37 9NP

REGISTERED NUMBER:

08056073 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Intangible assets

2

-

8,000

Tangible assets

3

6,656

8,874

6,656

16,874

CURRENT ASSETS

Stocks

62,541

62,811

Debtors

52,174

12,833

Cash at bank and in hand

6,054

4,084

120,769

79,728

CREDITORS

Amounts falling due within one year

162,410

102,385

NET CURRENT LIABILITIES

(41,641

)

(22,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,985

)

(5,783

)

CAPITAL AND RESERVES

Called up share capital

4

90

90

Profit and loss account

(35,075

)

(5,873

)

SHAREHOLDERS' FUNDS

(34,985

)

(5,783

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 February 2015 and were signed by:

Mr I Willicombe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

10,000

Disposals

(10,000

)

At 31 May 2014

-

AMORTISATION

At 1 June 2013

2,000

Eliminated on disposal

(2,000

)

At 31 May 2014

-

NET BOOK VALUE

At 31 May 2014

-

At 31 May 2013

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

11,723

DEPRECIATION

At 1 June 2013

2,849

Charge for year

2,218

At 31 May 2014

5,067

NET BOOK VALUE

At 31 May 2014

6,656

At 31 May 2013

8,874

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

90

Ordinary

1

90

90

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director, Mr I Willicombe £82,623.