Oak Warehouse Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05195638 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2016

for

Oak Warehouse Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G H Price

Ms A Roberts

P Roberts

REGISTERED OFFICE:

Unit 3-4 Central Trade Park

Marley Way

Saltney

Flintshire

CH4 8SX

REGISTERED NUMBER:

05195638 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Property, plant and equipment

4

164,251

166,436

CURRENT ASSETS

Inventories

63,484

197,246

Debtors

5

21,073

4,618

84,557

201,864

CREDITORS

Amounts falling due within one year

6

218,863

221,199

NET CURRENT LIABILITIES

(134,306

)

(19,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,945

147,101

CREDITORS

Amounts falling due after more than one year

7

116,073

134,869

NET (LIABILITIES)/ASSETS

(86,128

)

12,232

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(86,130

)

12,230

SHAREHOLDERS' FUNDS

(86,128

)

12,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 June 2017 and were signed on its behalf by:

P Roberts - Director

1.	STATUTORY INFORMATION

Oak Warehouse Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the

nearest £1.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 15% on reducing balance

Stocks

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

slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2015

162,770

32,248

195,018

Disposals

-

(12,615

)

(12,615

)

At 30 September 2016

162,770

19,633

182,403

DEPRECIATION

At 1 October 2015

-

28,582

28,582

Charge for year

-

628

628

Eliminated on disposal

-

(11,058

)

(11,058

)

At 30 September 2016

-

18,152

18,152

NET BOOK VALUE

At 30 September 2016

162,770

1,481

164,251

At 30 September 2015

162,770

3,666

166,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

16,008

2,430

Other debtors

5,065

2,188

21,073

4,618

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Bank loans and overdrafts

49,962

65,031

Trade creditors

73,452

71,739

Taxation and social security

1,108

9,184

Other creditors

94,341

75,245

218,863

221,199

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.16

30.9.15

£

£

Bank loans

116,073

134,869

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

59,757

69,306

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.16

30.9.15

£

£

Bank loans

130,152

151,260

9.	FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1

October 2014. No transitional adjustments were required on equity or profit and loss for the year.