1 Oak Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08656332 (England and Wales)

Abbreviated Accounts

for the Period 19 August 2013 to 31 August 2014

for

1 Oak Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Sidhu

Mrs R Sidhu

REGISTERED OFFICE:

Unit 2, Swan Centre

34 Bridgnorth Road

Wolverhampton

West Midlands

WV6 8AE

REGISTERED NUMBER:

08656332 (England and Wales)

ACCOUNTANTS:

Blythe Phillips

10C Peckingham Street

Halesowen

West Midlands

B63 3AW

FIXED ASSETS

Tangible assets

2

120,297

CURRENT ASSETS

Stocks

3,250

Debtors

52,884

Cash at bank and in hand

82,164

138,298

CREDITORS

Amounts falling due within one year

101,474

NET CURRENT ASSETS

36,824

TOTAL ASSETS LESS CURRENT LIABILITIES

157,121

CREDITORS

Amounts falling due after more than one year

3

200,000

NET LIABILITIES

(42,879

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(42,881

)

SHAREHOLDERS' FUNDS

(42,879

)

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

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

The directors acknowledge their 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 Board of Directors on 2 April 2015 and were signed on its behalf by:

P Sidhu - 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, 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.

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

164,988

At 31 August 2014

164,988

DEPRECIATION

Charge for period

44,691

At 31 August 2014

44,691

NET BOOK VALUE

At 31 August 2014

120,297

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable by instalments

200,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

2 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.