OAKWOOD_PLACE_LIMITED - Accounts

OAKWOOD PLACE LIMITED - Company Information

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Company Registration No. 07639608 (England and Wales)

OAKWOOD PLACE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

OAKWOOD PLACE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OAKWOOD PLACE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

3,360

5,040

Tangible assets

19,522

21,947

Investments

16,000

11,000

38,882

37,987

Current assets

Debtors

34,062

45,238

Cash at bank and in hand

111,874

66,093

145,936

111,331

Creditors: amounts falling due within one year

(61,306)

(68,499)

Net current assets

84,630

42,832

Total assets less current liabilities

123,512

80,819

Capital and reserves

Called up share capital

200

Profit and loss account

123,312

80,619

Shareholders' funds

123,512

80,819

For the financial year ended 31 March 2015 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 22 December 2015

Mr Nic Carlton Smith

Director

Company Registration No. 07639608

OAKWOOD PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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).

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 goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

10% reducing balance

Plant and machinery

20% reducing balance

Computer equipment

33% reducing balance

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

OAKWOOD PLACE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 April 2014

8,400

28,450

16,000

52,850

Additions

1,329

At 31 March 2015

8,400

29,779

16,000

54,179

Depreciation

At 1 April 2014

3,360

6,504

9,864

Charge for the year

1,680

3,753

5,433

At 31 March 2015

5,040

10,257

15,297

Net book value

At 31 March 2015

3,360

19,522

16,000

38,882

At 31 March 2014

5,040

21,947

11,000

37,987

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary A Shares of £1 each

100

100 Ordinary B Shares of £1 each

100

200