Oakland Distribution Limited - Period Ending 2014-11-30

Registration number: 06904554

 

Oakland Distribution Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014
 

Oakland Distribution Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Oakland Distribution Limited
balance sheet as at 30 November 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					-			7,924
Current assets
Stocks					-			119,844
Debtors					131,078			647,412
Cash at bank and in hand					1,546			25,049
					132,624			792,305
Creditors: Amounts falling due within one year		3			(41,649)			(781,314)
Net current assets					90,975			10,991
Total assets less current liabilities					90,975			18,915
Provisions for liabilities					-			(1,645)
Total net assets					90,975			17,270
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					89,975			16,270
Shareholders' funds					90,975			17,270

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Oakland Distribution Limited
balance sheet as at 30 November 2014
......... continued

For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 March 2015 and signed on its behalf by:

.........................................
Mr D P Attwell
Director

.........................................
Mrs S A Attwell
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Oakland Distribution Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	10% on cost
Office equipment	20% on cost
Motor vehicles	20% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Operating leases are charged to the profit and loss account over the relevant period.

Page 3

Oakland Distribution Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2013		20,633			20,633
Disposals		(20,633)			(20,633)
At 30 November 2014		-			-
Depreciation
At 1 December 2013		12,709			12,709
Eliminated on disposals		(12,709)			(12,709)
At 30 November 2014		-			-
Net book value
At 30 November 2014		-			-
At 30 November 2013		7,924			7,924

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		-			223,879

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 4