Company Registration No. 12563514 (England and Wales)
Oakland Contractors Limited
Unaudited financial statements
For the year ended 30 April 2022
Oakland Contractors Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Oakland Contractors Limited
Balance sheet
As at 30 April 2022
30 April 2022
- 1 -
2022
Notes
£
£
Current assets
Debtors
4
331
Cash at bank and in hand
2,840
3,171
Creditors: amounts falling due within one year
5
(1,933)
Net current assets
1,238
Capital and reserves
Called up share capital
1
Profit and loss reserves
1,237
Total equity
1,238
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 April 2023 and are signed on its behalf by:
Miss K L Bean
Director
Company Registration No. 12563514
Oakland Contractors Limited
Notes to the financial statements
For the year ended 30 April 2022
- 2 -
1
Accounting policies
Company information
Oakland Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office to rear of Crescent Turner Hotel, Wraik Hill, Whitstable, Kent, CT5 3BY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.3
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
Number
Total
1
3
Taxation
2022
£
Current tax
UK corporation tax on profits for the current period
290
4
Debtors
2022
Amounts falling due within one year:
£
Other debtors
331
Oakland Contractors Limited
Notes to the financial statements (continued)
For the year ended 30 April 2022
- 3 -
5
Creditors: amounts falling due within one year
2022
£
Corporation tax
290
Other creditors
1,643
1,933
6
Directors' transactions
Dividends totalling £0 (2021 - £0) were paid in the year in respect of shares held by the company's directors.
The director's loan account was not overdrawn during the year.