Oak & Stone Heritage Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07678568 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Oak & Stone Heritage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Meakin

REGISTERED OFFICE:

1 Wansfell Holme

Windermere

Cumbria

LA23 1LS

REGISTERED NUMBER:

07678568 (England and Wales)

ACCOUNTANTS:

Suttons Tax ltd

Wansfell Holme

Windermere

Cumbria

LA23 1LS

FIXED ASSETS

Tangible assets

4

5,402

7,384

CURRENT ASSETS

Stocks

605,000

106,689

Debtors

5

-

157,500

Cash at bank

35,901

248

640,901

264,437

CREDITORS

Amounts falling due within one year

6

626,300

260,908

NET CURRENT ASSETS

14,601

3,529

TOTAL ASSETS LESS CURRENT LIABILITIES

20,003

10,913

PROVISIONS FOR LIABILITIES

1,052

-

NET ASSETS

18,951

10,913

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,851

10,813

SHAREHOLDERS' FUNDS

18,951

10,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 January 2020 and were signed by:

S Meakin - Director

1.	STATUTORY INFORMATION

Oak & Stone Heritage Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

15,049

DEPRECIATION

At 1 July 2018

7,665

Charge for year

1,982

At 30 June 2019

9,647

NET BOOK VALUE

At 30 June 2019

5,402

At 30 June 2018

7,384

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

-

157,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans and overdrafts

242,600

120,265

Trade creditors

(1

)

1

Taxation and social security

25,915

13,700

Other creditors

357,786

126,942

626,300

260,908