Oakbase Limited - Limited company - abbreviated - 11.0.0
Oakbase Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period 1 April 2013 to 31 December 2013 |
| for |
| Oakbase Limited |
| Oakbase Limited (Registered number: 03452645) |
| Contents of the Abbreviated Accounts |
| for the Period 1 April 2013 to 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| Oakbase Limited |
| Company Information |
| for the Period 1 April 2013 to 31 December 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Oakbase Limited (Registered number: 03452645) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 31.12.13 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Other reserves |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Oakbase Limited (Registered number: 03452645) |
| Abbreviated Balance Sheet - continued |
| 31 December 2013 |
| The financial statements were approved by the Board of Directors on by: |
| Oakbase Limited (Registered number: 03452645) |
| Notes to the Abbreviated Accounts |
| for the Period 1 April 2013 to 31 December 2013 |
| 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 and revenue recognition |
| Turnover (billings) comprises the gross amount billed to clients in respect of commission based income together |
| with the total of other fees earned. Turnover and revenue are stated exclusive of VAT. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Work in progress |
| Work in progress is valued at the lower of cost or net realisable value. Cost includes direct expenditure incurred |
| on behalf of clients and an appropriate proportion of directly attributable costs and overheads on incomplete |
| assignments. Provision is made for irrecoverable costs where appropriate. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Operating and finance leases |
| Costs in respect of operating leases are charged on a straight-line basis over the lease term in arriving at the |
| operating profit or loss. Tangible fixed assets acquired under hire purchase contracts are capitalised at the |
| estimated fair value at the date of inception of each lease or contract and depreciated over the expected useful |
| life of the asset concerned. The finance charges are allocated over the period of the lease on a straight-line basis. |
| Pension costs and other post-retirement benefits |
| The company operates defined contribution pension schemes in respect of employees. The assets of the schemes |
| are held in separately administered funds from the other assets of the company. The charge to the profit and loss |
| account represents the contributions to the schemes in the year. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Disposals | ( |
) |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 March 2013 |
| Oakbase Limited (Registered number: 03452645) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 1 April 2013 to 31 December 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.13 | 31.3.13 |
| value: | £ | £ |
| Ordinary | 1p |
| 5. | ULTIMATE CONTROLLING PARTY |
| At the beginning of the year the company's parent undertaking was Oakbase (Holdings) Limited, a company |
| registered in England and Wales and controlled by Mr P N Bradshaw. In November 2013 as part of a group |
| reorganisation the parent undertaking changed to Oakbase Integrated Marketing Limited, a company registered |
| in England and Wales and controlled by Mr P N Bradshaw |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Oakbase Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Oakbase Limited for the period ended 31 December 2013 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Oakbase Limited, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakbase |
| Limited and state those matters that we have agreed to state to the Board of Directors of Oakbase Limited, as a body, in |
| this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we |
| do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our |
| work or for this report. |
| It is your duty to ensure that Oakbase Limited has kept adequate accounting records and to prepare statutory financial |
| statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakbase Limited. You |
| consider that Oakbase Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Oakbase Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 9 September 2014 |