Oaks Sports Centre Limited - Accounts

Oaks Sports Centre Limited - Accounts

OAKS SPORTS CENTRE LIMITED - Company Information

Print Friendly Version

2022-04-01 2023-03-31 false Capium Accounts Production 1.1 01070625 bus:AbridgedAccounts 2022-04-01 2023-03-31 01070625 bus:FRS102 2022-04-01 2023-03-31 01070625 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01070625 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01070625 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01070625 2022-04-01 2023-03-31 01070625 2023-03-31 01070625 bus:RegisteredOffice 2022-04-01 2023-03-31 01070625 core:WithinOneYear 2023-03-31 01070625 core:AfterOneYear 2023-03-31 01070625 bus:Director1 2022-04-01 2023-03-31 01070625 bus:Director1 2023-03-31 01070625 bus:Director1 2021-04-01 2022-03-31 01070625 bus:Director2 2022-04-01 2023-03-31 01070625 bus:Director2 2023-03-31 01070625 bus:Director2 2021-04-01 2022-03-31 01070625 2021-04-01 01070625 bus:CompanySecretary1 2022-04-01 2023-03-31 01070625 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 01070625 2021-04-01 2022-03-31 01070625 2022-03-31 01070625 core:WithinOneYear 2022-03-31 01070625 core:AfterOneYear 2022-03-31 01070625 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 01070625 core:LandBuildings 2022-04-01 2023-03-31 01070625 core:LandBuildings 2023-03-31 01070625 core:LandBuildings 2022-03-31 01070625 core:PlantMachinery 2022-04-01 2023-03-31 01070625 core:PlantMachinery 2023-03-31 01070625 core:PlantMachinery 2022-03-31 01070625 core:MotorCars 2022-04-01 2023-03-31 01070625 core:MotorCars 2023-03-31 01070625 core:MotorCars 2022-03-31 01070625 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 01070625 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 01070625 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 01070625 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 01070625 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 01070625 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 01070625 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 01070625 core:Non-currentFinancialInstruments 2023-03-31 01070625 core:Non-currentFinancialInstruments 2022-03-31 01070625 core:ShareCapital 2023-03-31 01070625 core:ShareCapital 2022-03-31 01070625 core:RetainedEarningsAccumulatedLosses 2023-03-31 01070625 core:RetainedEarningsAccumulatedLosses 2022-03-31 01070625 dpl:Item1 2022-04-01 01070625 dpl:Item1 2023-03-31 01070625 dpl:Item1 2021-04-01 01070625 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 01070625
England and Wales

 

 

 

OAKS SPORTS CENTRE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Oaks Sports Centre Limited
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 1,319,967    1,325,764 
1,319,967    1,325,764 
Current assets      
Stocks 118,922    44,689 
Debtors 45,439    55,861 
Cash at bank and in hand 902,106    760,492 
1,066,467    861,042 
Creditors: amount falling due within one year (706,454)   (614,209)
Net current assets 360,013    246,833 
 
Total assets less current liabilities 1,679,980    1,572,597 
Creditors: amount falling due after more than one year (112,014)   (112,014)
Accruals and deferred income (2)   0 
Net assets 1,567,964    1,460,583 
 

Capital and reserves 		     
Called up share capital 50,000    50,000 
Profit and loss account 1,517,964    1,410,583 
Shareholder's funds 1,567,964    1,460,583 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 May 2023 and were signed on its behalf by:


--------------------------------
Mrs D C Horley
Director
1
General Information
Oaks Sports Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 01070625, registration address Oaks Sports Centre Limited, Woodmansterne Road, Carshalton, Surrey, SM5 4AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold land and buildings - over the lease term
Plant and machinery - over 10 years
Fixtures, fittings, tools and equipment - over 10 years
Motor Vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 50 (2022 : 50).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 April 2022 1,532,928    722,780    11,500    2,267,208 
Additions 3,521    35,907    -    39,428 
Disposals -    -    -    - 
At 31 March 2023 1,536,449    758,687    11,500    2,306,636 
Depreciation
At 01 April 2022 345,824    584,121    11,500    941,445 
Charge for year 18,340    26,884    -    45,224 
On disposals -    -    -    - 
At 31 March 2023 364,164    611,005    11,500    986,669 
Net book values
Closing balance as at 31 March 2023 1,172,285    147,682    -    1,319,967 
Opening balance as at 01 April 2022 1,187,104    138,660    -    1,325,764 


2