Oak Financial Solutions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06773086 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Oak Financial Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M C Lomax

REGISTERED OFFICE:

31 Osbert Road

Rotherham

England

South Yorkshire

S60 3LD

REGISTERED NUMBER:

06773086 (England and Wales)

ACCOUNTANTS:

Parkins Accountants Ltd

T/A, Parkins, Chartered Accountants

Moor Park House

Bawtry Road

Wickersley

Rotherham

South Yorkshire

S66 2BL

FIXED ASSETS

Intangible assets

2

2,500

5,000

Tangible assets

3

189

377

2,689

5,377

CURRENT ASSETS

Debtors

66

67

Cash at bank

31,854

12,792

31,920

12,859

CREDITORS

Amounts falling due within one year

28,174

15,094

NET CURRENT ASSETS/(LIABILITIES)

3,746

(2,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,435

3,142

PROVISIONS FOR LIABILITIES

38

-

NET ASSETS

6,397

3,142

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

6,396

3,141

SHAREHOLDERS' FUNDS

6,397

3,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 director on 23 October 2015 and were signed by:

M C Lomax - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

10,000

AMORTISATION

At 1 April 2014

5,000

Amortisation for year

2,500

At 31 March 2015

7,500

NET BOOK VALUE

At 31 March 2015

2,500

At 31 March 2014

5,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

566

DEPRECIATION

At 1 April 2014

189

Charge for year

188

At 31 March 2015

377

NET BOOK VALUE

At 31 March 2015

189

At 31 March 2014

377

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1