Company Registration No. 10862887 (England and Wales)
Oak Smart Technology Limited
Unaudited accounts
for the year ended 31 March 2022
Oak Smart Technology Limited
Unaudited accounts
Contents
Oak Smart Technology Limited
Company Information
for the year ended 31 March 2022
Company Number
10862887 (England and Wales)
Registered Office
Profile West Suite 2, Floor 1
950 Great West Road
Brentford
TW8 9ES
England
Accountants
Fusion Accountants Limited
Profile West
Suite 2, Floor 1, 950 Great West Road
Brentford
Middlesex
TW8 9ES
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Oak Smart Technology Limited for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Oak Smart Technology Limited for the year ended
31 March 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Fusion Accountants Limited
Chartered Accountants
Profile West
Suite 2, Floor 1, 950 Great West Road
Brentford
Middlesex
TW8 9ES
25 May 2022
Oak Smart Technology Limited
Statement of financial position
as at
31 March 2022
Tangible assets
113,213
103,598
Investments
534,187
322,631
Debtors
8,766,799
6,215,431
Cash at bank and in hand
197,110
336,693
Creditors: amounts falling due within one year
(2,820,506)
(2,635,593)
Net current assets
6,143,403
3,916,531
Net assets
6,790,803
4,342,760
Called up share capital
100
100
Profit and loss account
6,790,703
4,342,660
Shareholders' funds
6,790,803
4,342,760
For the year ending 31 March 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 May 2022 and were signed on its behalf by
Fatih Haltas
Director
Company Registration No. 10862887
Oak Smart Technology Limited
Notes to the Accounts
for the year ended 31 March 2022
Oak Smart Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 10862887. The registered office is Profile West Suite 2, Floor 1, 950 Great West Road, Brentford, TW8 9ES, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
has been depreciated using the straight line method over 5 years.
Motor vehicles
has been depreciated using the straight line method over 4 years and Reducing balance Method20%to33%
Computer equipment
has been depreciated using the straight line method over 3 years.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
16,909
93,700
29,170
139,779
Additions
10,699
38,484
3,499
52,682
At 31 March 2022
27,608
132,184
32,669
192,461
At 1 April 2021
3,907
21,654
10,620
36,181
Charge for the year
4,365
26,745
11,957
43,067
At 31 March 2022
8,272
48,399
22,577
79,248
At 31 March 2022
19,336
83,785
10,092
113,213
At 31 March 2021
13,002
72,046
18,550
103,598
Oak Smart Technology Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Investments
Subsidiary undertakings
Valuation at 1 April 2021
322,631
Valuation at 31 March 2022
534,187
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
934,007
50,523
Amounts due from group undertakings etc.
915,319
287,300
Accrued income and prepayments
11,250
397
Other debtors
6,902,685
5,797,690
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
686
Obligations under finance leases and hire purchase contracts
83,297
68,025
Trade creditors
690,900
151,037
Amounts owed to group undertakings and other participating interests
1,557,333
828,439
Taxes and social security
88,267
(424)
Proposed dividends
58,077
57,933
Other creditors
339,693
-
Loans from directors
2,939
1,529,897
8
Share capital
2022
2021
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.01 each
100
100
9
Average number of employees
During the year the average number of employees was 10 (2021: 9).