Oak Tax & Books Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05400297 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Oak Tax & Books Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A B Kensington

SECRETARY:

A B Kensington

REGISTERED OFFICE:

Unit C7

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

REGISTERED NUMBER:

05400297 (England and Wales)

ACCOUNTANT:

Aspirations Accountancy Ltd

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

CURRENT ASSETS

Debtors

6,623

14,479

Cash at bank

5,109

8,539

11,732

23,018

CREDITORS

Amounts falling due within one year

6,123

17,661

NET CURRENT ASSETS

5,609

5,357

TOTAL ASSETS LESS CURRENT LIABILITIES

5,609

5,357

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,509

5,257

SHAREHOLDERS' FUNDS

5,609

5,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 June 2016 and were signed by:

A B Kensington - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

23,400

AMORTISATION

At 1 April 2015

and 31 March 2016

23,400

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

£

A B Kensington

Balance outstanding at start of year

(7,330

)

(377

)

Amounts advanced

45,290

-

Amounts repaid

(35,400

)

(6,953

)

Balance outstanding at end of year

2,560

(7,330

)