Oakfield Flat Roofing Ltd - Accounts to registrar (filleted) - small 17.3

Oakfield Flat Roofing Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 07888215(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

OAKFIELD FLAT ROOFING LTD

OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OAKFIELD FLAT ROOFING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: MK Hill





SECRETARY:





REGISTERED OFFICE: The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA





REGISTERED NUMBER: 07888215(England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA

OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,799 25,215

CURRENT ASSETS
Stocks - 1,000
Debtors 5 8,781 3,397
Cash at bank 20,081 16,650
28,862 21,047
CREDITORS
Amounts falling due within one year 6 25,825 39,147
NET CURRENT ASSETS/(LIABILITIES) 3,037 (18,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,836

7,115

PROVISIONS FOR LIABILITIES 3,171 3,594
NET ASSETS 21,665 3,521

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 21,655 3,511
21,665 3,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 March 2018and were signed by:



MK Hill- Director


OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Oakfield Flat Roofing Ltd is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2016 - 2) .

OAKFIELD FLAT ROOFING LTD (REGISTERED NUMBER: 07888215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 42,051
Additions 432
At 31 December 2017 42,483
DEPRECIATION
At 1 January 2017 16,836
Charge for year 3,848
At 31 December 2017 20,684
NET BOOK VALUE
At 31 December 2017 21,799
At 31 December 2016 25,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 8,600 3,200
Other debtors 181 197
8,781 3,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 6,238 1,276
Other creditors 19,587 37,871
25,825 39,147