Oakhouse Financial Services Limited - Period Ending 2015-03-31

Registration number: 06438931

Oakhouse Financial Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Oakhouse Financial Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Oakhouse Financial Services Limited
(Registration number: 06438931)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			6,225			6,701
Investments					50			-
					6,275			6,701
Current assets
Debtors					489			456
Cash at bank and in hand					37,480			34,755
					37,969			35,211
Creditors: Amounts falling due within one year					(32,794)			(25,972)
Net current assets					5,175			9,239
Total assets less current liabilities					11,450			15,940
Provisions for liabilities					(1,245)			(1,340)
Net assets					10,205			14,600
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					10,105			14,500
Shareholders' funds					10,205			14,600

For the year ending 31 March 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 22 December 2015 and signed on its behalf by:

 Mr D A W Wakefield
 Director

 Mrs L Wakefield
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oakhouse Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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:

Asset class	Depreciation method and rate
Plant and machinery	25% on a reducing balance basis
Office equipment	25% on a reducing balance basis

Fixed asset investments

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

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Oakhouse Financial Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		13,662			-			13,662
Additions		1,599			50			1,649
At 31 March 2015		15,261			50			15,311
Depreciation
At 1 April 2014		6,961			-			6,961
Charge for the year		2,075			-			2,075
At 31 March 2015		9,036			-			9,036
Net book value
At 31 March 2015		6,225			50			6,275
At 31 March 2014		6,701			-			6,701

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 3