Accounts filed on 30-06-2016
Accounts filed on 30-06-2016
trueOakhill (Milton Keynes) Limited047612882016-06-3010626419935811626420935810000100001162642093584234348860318792129101228498107933207459505087886415844128632397180621456126122417821168210392116821039Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-10% straight line
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & MachineryMethod for Plant & equipment0.0000Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.0000Leasehold PropertyMethod for Leasehold property0.00003414133530611129731249148234141335306111297312491482Ordinary1001100100Ordinary1100001000010000Details of transactions with Director's occurring during the year are as follows:
These amounts are unsecured and with no fixed repayment terms.
2017-03-30Mrs E A J Gracetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOakhill (Milton Keynes) Limited2015-07-012016-06-30Oakhill (Milton Keynes) Limited2014-01-012015-06-30Oakhill (Milton Keynes) Limited2013-12-31Oakhill (Milton Keynes) Limited2015-06-30Oakhill (Milton Keynes) Limited2015-06-30Oakhill (Milton Keynes) Limited2016-06-30 2017-03-31
