Abbreviated Company Accounts - OAKHAVEN LIMITED

Registered Number 06824158

OAKHAVEN LIMITED

Abbreviated Accounts

28 February 2015

OAKHAVEN LIMITED Registered Number 06824158

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	5,000	5,000
Tangible assets	3	4,841	6,455
		9,841	11,455
Current assets
Stocks		237,807	187,847
		237,807	187,847
Creditors: amounts falling due within one year		(47,244)	(59,158)
Net current assets (liabilities)		190,563	128,689
Total assets less current liabilities		200,404	140,144
Creditors: amounts falling due after more than one year		(310,837)	(283,436)
Total net assets (liabilities)		(110,433)	(143,292)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(110,435)	(143,294)
Shareholders' funds		(110,433)	(143,292)

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 November 2015

And signed on their behalf by:
Mr Martin Keith King, Director

OAKHAVEN LIMITED Registered Number 06824158

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant & Machinery - 25% reducing balance basis
Fixtures & Fittings - 25% reducing balance basis
Office Equipment - 25% reducing balance basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - 25% straight line basis

2Intangible fixed assets

	£
Cost
At 1 March 2014	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	5,000
Amortisation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	5,000
At 28 February 2014	5,000

3Tangible fixed assets

	£
Cost
At 1 March 2014	27,201
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	27,201
Depreciation
At 1 March 2014	20,746
Charge for the year	1,614
On disposals	-
At 28 February 2015	22,360
Net book values
At 28 February 2015	4,841
At 28 February 2014	6,455