Oakwell Hampton Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09940299 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Oakwell Hampton Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

S P Grimshaw

B G Higgs

I S Pahl

REGISTERED OFFICE:

Albion Wharf

19 Albion Street

Manchester

M1 5LN

REGISTERED NUMBER:

09940299 (England and Wales)

ACCOUNTANTS:

Hardy & Company (Hyde) Ltd

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

FIXED ASSETS

Tangible assets

4

6,202

4,045

CURRENT ASSETS

Debtors

53,891

44,886

Cash at bank and in hand

263,117

120,395

317,008

165,281

CREDITORS

Amounts falling due within one year

143,073

77,602

NET CURRENT ASSETS

173,935

87,679

TOTAL ASSETS LESS CURRENT LIABILITIES

180,137

91,724

PROVISIONS FOR LIABILITIES

1,179

825

NET ASSETS

178,958

90,899

CAPITAL AND RESERVES

Called up share capital

280

2

Retained earnings

178,678

90,897

178,958

90,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 18 April 2018 and were signed on its behalf by:

B G Higgs - Director

I S Pahl - Director

1.	STATUTORY INFORMATION

Oakwell Hampton Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make estimates, judgements and assumptions that affect

the amounts reported. These judgements and estimates are continually reviewed and are based on experience and other

factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no significant judgements or estimates.

Turnover

Turnover 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

-

20% on cost

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of

the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing

transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a

similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of

each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss

immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are

assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of

similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a

carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not

previously been recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable

that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated

reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and

subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be

required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss

unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present

value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance

costs in profit or loss in the period it arises.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated

where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable

amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group

of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other

assets or groups of assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

4,804

Additions

3,294

At 31 December 2017

8,098

DEPRECIATION

At 1 January 2017

759

Charge for year

1,137

At 31 December 2017

1,896

NET BOOK VALUE

At 31 December 2017

6,202

At 31 December 2016

4,045

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2017 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hardy & Company (Hyde) Ltd

Chartered Certified Accountants

Onward Chambers

34 Market Street

Hyde

Cheshire

SK14 1AH

18 April 2018