Company Registration No. 05977360 (England and Wales)
OAKLEY 111 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
PAGES FOR FILING WITH REGISTRAR
OAKLEY 111 LIMITED
COMPANY INFORMATION
Director
Mr G T Rutter
Secretary
Oakley Secretarial Services Limited
Company number
05977360
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
OAKLEY 111 LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OAKLEY 111 LIMITED FOR THE YEAR ENDED 31 OCTOBER 2019
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakley 111 Limited for the year ended 31 October 2019 which comprise, the balance sheet and the related notes 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 http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Oakley 111 Limited, as a body, in accordance with
our
terms
of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oakley 111 Limited
and state those matters that we have agreed to state to the Board of Directors of Oakley 111 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakley 111 Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Oakley 111 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of Oakley 111 Limited. You consider that Oakley 111 Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oakley 111 Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
30 July 2020
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
OAKLEY 111 LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2019
31 October 2019
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2019
2018
Notes
£
£
£
£
Current assets
Debtors
4
-
29
Cash at bank and in hand
31
2
31
31
Creditors: amounts falling due within one year
5
(13)
(13)
Net current assets
18
18
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
16
16
Total equity
18
18
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 31 October 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he 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 and signed by the director and authorised for issue on 30 July 2020.
Mr G T Rutter
Director
Company Registration No. 05977360
OAKLEY 111 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
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1
Accounting policies
Company information
Oakley 111 Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.
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. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
year
. During
this time
the company received no income and incurred no expenditure and therefore no
profit and loss account
is presented
in these financial statements
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% on reducing balance
2
Employees
There were no employees in the company during this year or the previous year.
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 November 2018 and 31 October 2019
8,325
Depreciation and impairment
At 1 November 2018 and 31 October 2019
8,325
Carrying amount
At 31 October 2019
-
At 31 October 2018
-
OAKLEY 111 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2019
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4
Debtors
2019
2018
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
29
5
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
13
13
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary A of £1 each
2
2
2
2
7
Ultimate controlling party
There is no ultimate controlling party.