Oakmays Ltd,Ltd - Accounts

OAKMAYS LIMITED - Company Information

Print Friendly Version

Oakmays Ltd

For the year ended 31 December 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03203798

Contents Page

Oakmays Ltd

For the year ended 31 December 2015

Accountants' Report

Balance Sheet

Notes to the Abbreviated Financial Statements

Oakmays Ltd

Chartered Accountants' Report

For the year ended 31 December 2015

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Oakmays Ltd for the year ended 31 December 2015 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Oakmays Ltd, as a body, in accordance with the terms of our

engagement letter dated 29 September 2016. Our work has been undertaken solely to prepare for your approval

the accounts of Oakmays Ltd and state those matters that we have agreed to state to the Board of Directors of

Oakmays Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakmays Ltd and

its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oakmays Ltd has kept adequate accounting records to prepare statutory accounts that

give a true and fair view of the assets, liabilities, financial position and loss of Oakmays Ltd. You consider that

Oakmays Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Oakmays Ltd. For this reason, we

have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory accounts.

Brewster & Co.

5a Station Terrace

East Boldon

Tyne & Wear

NE36 0LJ

29 September 2016

Dated:

1 of 3

Abbreviated Balance Sheet

Oakmays Ltd

As at 31 December 2015

03203798

Registered Number :

2015

Notes

2014

Fixed assets

Intangible assets

270

Current assets

Stocks

3,000

Debtors

1,233

Cash at bank and in hand

3,005

7,238

Creditors: amounts falling due within one year

(4,261)

2,977

Net current assets

Total assets less current liabilities

3,247

Creditors: amounts falling due after more than one year

(13,000)

(9,753)

Net assets/liabilities

Capital and reserves

Called up share capital

Profit and loss account

(9,755)

(9,753)

Shareholders funds

For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director 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 director acknowledges his 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.

Date approved by the board: 29 September 2016

Richard Stebbings Director

Signed on behalf of the board of directors

2 of 3

Notes to the Abbreviated Financial Statements

Oakmays Ltd

For the year ended 31 December 2015

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Licences and patents

Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line

basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated

expected useful economic life of the patents of 10 years.

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 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

Additions

270

At 31 December 2015

270

Net Book Values

At 31 December 2015

3 of 3