Oakridge Business Services Limited Filleted accounts for Companies House (small and micro)

Oakridge Business Services Limited Filleted accounts for Companies House (small and micro)

OAKRIDGE BUSINESS SERVICES LIMITED - Company Information

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1 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,973 2,811 75 2,886 87 162 42,541 42,541 42,541 42,541 xbrli:pure xbrli:shares iso4217:GBP 03341497 2021-04-01 2022-03-31 03341497 2022-03-31 03341497 2021-03-31 03341497 2020-04-01 2021-03-31 03341497 2021-03-31 03341497 bus:Director1 2021-04-01 2022-03-31 03341497 core:WithinOneYear 2022-03-31 03341497 core:WithinOneYear 2021-03-31 03341497 core:ShareCapital 2022-03-31 03341497 core:ShareCapital 2021-03-31 03341497 core:RetainedEarningsAccumulatedLosses 2022-03-31 03341497 core:RetainedEarningsAccumulatedLosses 2021-03-31 03341497 core:CostValuation core:Non-currentFinancialInstruments 2021-03-31 03341497 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2022-03-31 03341497 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2021-03-31 03341497 core:DisposalsDecreaseInProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2022-03-31 03341497 bus:SmallEntities 2021-04-01 2022-03-31 03341497 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 03341497 bus:FullAccounts 2021-04-01 2022-03-31 03341497 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 03341497 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03341497 core:ComputerEquipment 2021-04-01 2022-03-31 03341497 core:ComputerEquipment 2022-03-31 03341497 core:ComputerEquipment 2021-03-31
COMPANY REGISTRATION NUMBER: 03341497
Oakridge Business Services Limited
Filleted Unaudited Financial Statements
31 March 2022
Oakridge Business Services Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
87
162
Current assets
Debtors
7
360
2,278
Cash at bank and in hand
87,991
86,841
--------
--------
88,351
89,119
Creditors: amounts falling due within one year
8
25,512
36,218
--------
--------
Net current assets
62,839
52,901
--------
--------
Total assets less current liabilities
62,926
53,063
--------
--------
Net assets
62,926
53,063
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
62,924
53,061
--------
--------
Shareholders funds
62,926
53,063
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 December 2022 , and are signed on behalf of the board by:
Mrs A J Baynham
Director
Company registration number: 03341497
Oakridge Business Services Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2021 and 31 March 2022
2,973
2,973
-------
-------
Depreciation
At 1 April 2021
2,811
2,811
Charge for the year
75
75
-------
-------
At 31 March 2022
2,886
2,886
-------
-------
Carrying amount
At 31 March 2022
87
87
-------
-------
At 31 March 2021
162
162
-------
-------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2021
42,541
Disposals
( 42,541)
--------
At 31 March 2022
–
--------
Impairment
At 1 April 2021
42,541
Disposals
( 42,541)
--------
At 31 March 2022
–
--------
Carrying amount
At 31 March 2022
–
--------
At 31 March 2021
–
--------
7. Debtors
2022
2021
£
£
Trade debtors
120
2,278
Other debtors
240
–
----
-------
360
2,278
----
-------
8. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
5,849
8,133
Other creditors
19,663
28,085
--------
--------
25,512
36,218
--------
--------