Eastoak Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03378920

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

EASTOAK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Baldwin

SECRETARY:

C Baldwin

REGISTERED OFFICE:

Forge Farm

Bedgebury Road

Goudhurst

Kent

TN17 2QZ

REGISTERED NUMBER:

03378920

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

Off Wood Street

Swanley Village

Kent

BR8 7PA

FIXED ASSETS

Tangible assets

4

784,528

774,207

CURRENT ASSETS

Cash at bank

569,115

568,968

CREDITORS

Amounts falling due within one year

5

159,312

122,656

NET CURRENT ASSETS

409,803

446,312

TOTAL ASSETS LESS CURRENT LIABILITIES

1,194,331

1,220,519

CREDITORS

Amounts falling due after more than one year

6

1,189,188

1,214,802

NET ASSETS

5,143

5,717

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

5,141

5,715

SHAREHOLDERS' FUNDS

5,143

5,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 February 2019 and were signed by:

C Baldwin - Director

1.	STATUTORY INFORMATION

Eastoak Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2017

693,676

102,099

795,775

Additions

-

14,000

14,000

At 31 May 2018

693,676

116,099

809,775

DEPRECIATION

At 1 June 2017

-

21,568

21,568

Charge for year

-

3,679

3,679

At 31 May 2018

-

25,247

25,247

NET BOOK VALUE

At 31 May 2018

693,676

90,852

784,528

At 31 May 2017

693,676

80,531

774,207

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

25,872

1,140

Taxation and social security

6,491

1,773

Other creditors

126,949

119,743

159,312

122,656

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

1,189,188

1,214,802

7.	ULTIMATE CONTROLLING PARTY

The company is under the control of C Baldwin, the director.