Oakes Renovations Limited,Ltd - AccountsLtd - Accounts

Oakes Renovations Limited,Ltd - AccountsLtd - Accounts

OAKES RENOVATIONS LIMITED - Company Information

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2015-10-01 03847856 2016-09-30 03847856 2015-10-01 2016-09-30 03847856 2015-09-30 03847856 2014-10-01 2015-09-30 03847856 uk-core:WithinOneYear 2015-09-30 03847856 uk-core:WithinOneYear 2016-09-30 03847856 uk-core:ShareCapital 2016-09-30 03847856 uk-core:ShareCapital 2015-09-30 03847856 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 03847856 uk-core:RetainedEarningsAccumulatedLosses 2015-09-30 03847856 uk-bus:Director1 2015-10-01 2016-09-30 03847856 uk-bus:Director2 2015-10-01 2016-09-30 03847856 uk-core:ToolsEquipment 2015-10-01 2016-09-30 iso4217:GBP 03847856 uk-bus:AuditExemptWithAccountantsReport 2015-10-01 2016-09-30 03847856 uk-bus:FRS102 2015-10-01 2016-09-30 03847856 uk-bus:FullAccounts 2015-10-01 2016-09-30 03847856 uk-bus:PrivateLimitedCompanyLtd 2015-10-01 2016-09-30
Oakes Renovations Limited
Registered Number:03847856
For the year ended 30 September 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2016
Oakes Renovations Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2016
Oakes Renovations Limited
Statement of Financial Position
Registered Number :
03847856
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
167
222
2
167
222
Current assets
Inventories
-
22,725
Trade and other receivables
5,815
4,235
3
37,607
Cash and cash equivalents
47
27,007
43,422
Trade and other payables: amounts falling due within one
year
(15,715)
(6,743)
4
27,707
20,264
Net current assets
Total assets less current liabilities
20,431
27,929
20,431
Net assets
27,929
Capital and reserves
Called up share capital
2
2
Retained earnings
20,429
27,927
20,431
27,929
Shareholders' funds
For the year ended 30 September 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Darrell Lee Bell Director
Miss R Oakes Director
These financial statements were approved and authorised for issue by the Board on 28 June 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 September 2016
Oakes Renovations Limited
Notes to the Financial Statements
Statutory Information
Oakes Renovations Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03847856.
Registered address:
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
25% Reducing balance
Computer equipment
Inventories
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the year ended 30 September 2016
Oakes Renovations Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 October 2015
700
At 30 September 2016
700
Provision for depreciation and impairment
At 01 October 2015
478
Charge for year
55
At 30 September 2016
533
At 30 September 2016
Net book value
167
At 30 September 2015
222
3. Trade and other receivables
2015
2016
£
£
Other debtors
4,235
5,815
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
-
13,980
Other creditors
6,743
1,735
6,743
15,715
3 of 3