Oakmays Ltd,Ltd - AccountsLtd - Accounts

Oakmays Ltd,Ltd - AccountsLtd - Accounts

OAKMAYS LIMITED - Company Information

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2017-01-01 03203798 2017-12-31 03203798 2017-01-01 2017-12-31 03203798 2016-12-31 03203798 2016-01-01 2016-12-31 03203798 uk-core:WithinOneYear 2016-12-31 03203798 uk-core:WithinOneYear 2017-12-31 03203798 uk-core:AfterOneYear 2016-12-31 03203798 uk-core:AfterOneYear 2017-12-31 03203798 uk-core:ShareCapital 2017-12-31 03203798 uk-core:ShareCapital 2016-12-31 03203798 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 03203798 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 03203798 uk-bus:Director1 2017-01-01 2017-12-31 03203798 uk-core:OtherResidualIntangibleAssets 2016-12-31 03203798 uk-core:OtherResidualIntangibleAssets 2017-12-31 iso4217:GBP 03203798 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 03203798 uk-bus:FRS102 2017-01-01 2017-12-31 03203798 uk-bus:FullAccounts 2017-01-01 2017-12-31 03203798 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Oakmays Ltd
Registered Number:03203798
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
Oakmays Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
Oakmays Ltd
Statement of Financial Position
Registered Number :
03203798
£
£
2016
2017
Notes
Fixed assets
Intangible assets
270
270
2
270
270
Current assets
Inventories
10,637
15,837
3
Trade and other receivables
300
5,312
4
1,289
Cash and cash equivalents
742
21,891
12,226
Trade and other payables: amounts falling due within one
year
(28,187)
(33,846)
5
(15,961)
(11,955)
Net current liabilities
Total assets less current liabilities
(11,685)
(15,691)
Trade and other payables: amounts falling due after more
than one year
(33,500)
(66,500)
6
(78,185)
Net liabilities
(49,191)
Capital and reserves
Called up share capital
2
2
Retained earnings
(78,187)
(49,193)
(78,185)
(49,191)
Shareholders' funds
For the year ended 31 December 2017 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 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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 applicable to companies subject to the small companies regime.
Richard Stebbings Director
These financial statements were approved and authorised for issue by the Board on 25 September 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2017
Oakmays Ltd
Notes to the Financial Statements
Statutory Information
Oakmays Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
03203798.
Registered address:
3b Drum Industrial Estate
Chester Le Street
County Durham
DH2 1AG
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.
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.
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 January 2017
270
At 31 December 2017
270
Net book value
At 31 December 2017
270
At 31 December 2016
270
3. Inventories
2016
2017
£
£
Stocks
15,837
10,637
2 of 3
5
For the year ended 31 December 2017
Oakmays Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2016
2017
£
£
Trade debtors
5,312
-
Other debtors
-
300
300
5,312
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
32,632
27,527
Taxation and social security
554
-
Other creditors
660
660
33,846
28,187
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
66,500
33,500
3 of 3