Oak Tree Market Limited - Period Ending 2014-03-31

Registration number: 08454042

Oak Tree Market Limited

Unaudited Abbreviated Accounts

for the Period from 20 March 2013 to 31 March 2014

 

Oak Tree Market Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Oak Tree Market Limited
(Registration number: 08454042)
Abbreviated Balance Sheet at 31 March 2014

		Note			31 March 2014 £
Fixed assets
Tangible fixed assets		2						581
Current assets
Stocks					800
Debtors					2,939
Cash at bank and in hand					200
					3,939
Creditors: Amounts falling due within one year					(33,718)
Net current liabilities								(29,779)
Net liabilities								(29,198)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(29,298)
Shareholders' deficit								(29,198)

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 19 December 2014 and signed on its behalf by:

.........................................
S Anderson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Oak Tree Market Limited
(Registration number: 08454042)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
J Anderson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Oak Tree Market Limited
Notes to the Abbreviated Accounts for the Period from 20 March 2013 to 31 March 2014
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, 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
Fixtures and fittings	20% straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Page 3

Oak Tree Market Limited
Notes to the Abbreviated Accounts for the Period from 20 March 2013 to 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		727			727
At 31 March 2014		727			727
Depreciation
Charge for the period		146			146
At 31 March 2014		146			146
Net book value
At 31 March 2014		581			581

3	Share capital

Allotted, called up and fully paid shares

	31 March 2014
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

Page 4