Blackoak Finance Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08056073 (England and Wales)

Blackoak Finance Ltd

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr I Willicombe

SECRETARY:

REGISTERED OFFICE:

3 The Courtyard

Timothy's Bridge Road

Stratford on Avon

Warwickshire

CV37 9NP

REGISTERED NUMBER:

08056073 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Tangible assets

2

6,016

6,656

CURRENT ASSETS

Stocks

61,311

62,541

Debtors

67,738

52,174

Cash at bank and in hand

9,638

6,054

138,687

120,769

CREDITORS

Amounts falling due within one year

200,529

162,410

NET CURRENT LIABILITIES

(61,842

)

(41,641

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,826

)

(34,985

)

CAPITAL AND RESERVES

Called up share capital

3

90

90

Profit and loss account

(55,916

)

(35,075

)

SHAREHOLDERS' FUNDS

(55,826

)

(34,985

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 February 2016 and were signed by:

Mr I Willicombe - Director

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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

11,723

Additions

1,453

At 31 May 2015

13,176

DEPRECIATION

At 1 June 2014

5,067

Charge for year

2,093

At 31 May 2015

7,160

NET BOOK VALUE

At 31 May 2015

6,016

At 31 May 2014

6,656

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

90

Ordinary

1

90

90

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director, Mr I Willicombe £95,113 (2014: £82,623).