OAK_FM_LIMITED - Accounts

OAK FM LIMITED - Company Information

Print Friendly Version

Company Registration No. 03380201 (England and Wales)

OAK FM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

OAK FM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OAK FM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

2,778

Tangible assets

91,709

102,669

94,487

102,669

Current assets

Debtors

24,866

73,950

Cash at bank and in hand

24,953

74,034

Creditors: amounts falling due within one year

(691,880)

(504,676)

Net current liabilities

(666,927)

(430,642)

Total assets less current liabilities

(572,440)

(327,973)

Capital and reserves

Called up share capital

297,000

Profit and loss account

(869,440)

(624,973)

Shareholders' funds

(572,440)

(327,973)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 September 2015

Mr P. D. Caplin

Director

Company Registration No. 03380201

OAK FM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis. The company is reliant on the continuing support of the parent company. Having considered this and other available information, the directors are of the opinion that the company is able to continue its trading activities for the forseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Relaunch costs

Relaunch costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Over 20 years

Plant and machinery

20%/33% straight line

Fixtures, fittings & equipment

20%/33.33% straight line

OAK FM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2014

143,845

Additions

4,167

416

4,583

At 31 December 2014

4,167

144,261

148,428

Depreciation

At 1 January 2014

41,176

Charge for the year

1,389

11,376

12,765

At 31 December 2014

1,389

52,552

53,941

Net book value

At 31 December 2014

2,778

91,709

94,487

At 31 December 2013

102,669

Share capital

2014

2013

Allotted, called up and fully paid

297,000 Ordinary of £1 each

297,000

Ultimate parent company

The ultimate controlling party is Quidem Limited.