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REGISTERED NUMBER: 08116100 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Oakdale Electrical Contractors Limited

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakdale Electrical Contractors Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr A Hurley





REGISTERED OFFICE: Blackburn Rovers Enterprise Centre Suite
Nuttall Street
Blackburn
BB2 4JF





REGISTERED NUMBER: 08116100 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,387 4,810

CURRENT ASSETS
Stocks 20,000 11,000
Debtors 5 495,268 126,822
Cash at bank 99,730 842
614,998 138,664
CREDITORS
Amounts falling due within one year 6 489,808 71,295
NET CURRENT ASSETS 125,190 67,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,577

72,179

CREDITORS
Amounts falling due after more than one
year

7

(110,285

)

(119,731

)

PROVISIONS FOR LIABILITIES (4,448 ) (109 )
NET ASSETS/(LIABILITIES) 31,844 (47,661 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31,843 (47,662 )
31,844 (47,661 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 February 2024 and were signed by:





Mr A Hurley - Director


Oakdale Electrical Contractors Limited (Registered number: 08116100)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Oakdale Electrical Contractors Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 13,395 1,965 4,050 7,586 26,996
Additions - - 18,795 610 19,405
At 30 September 2023 13,395 1,965 22,845 8,196 46,401
DEPRECIATION
At 1 October 2022 12,099 1,702 2,966 5,419 22,186
Charge for year (906 ) (206 ) 3,735 205 2,828
At 30 September 2023 11,193 1,496 6,701 5,624 25,014
NET BOOK VALUE
At 30 September 2023 2,202 469 16,144 2,572 21,387
At 30 September 2022 1,296 263 1,084 2,167 4,810

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 11,295
At 30 September 2023 11,295
DEPRECIATION
Charge for year 2,259
At 30 September 2023 2,259
NET BOOK VALUE
At 30 September 2023 9,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 363,900 53,312
Other debtors 500 -
Intercompany loan 17,000 38,000
Directors' loan accounts 37,466 18,189
VAT 75,597 17,321
Prepayments 805 -
495,268 126,822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 24,449 19,999
Hire purchase contracts 2,213 -
Trade creditors 371,399 40,058
Tax 6,263 (10,259 )
Social security and other taxes 13,675 1,736
Pension liability 769 472
Santander credit card 10,000 10,228
American Express liability 59,688 7,979
Accrued expenses 1,352 1,082
489,808 71,295

Oakdale Electrical Contractors Limited (Registered number: 08116100)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 24,449 28,051
Bank loans - 2-5 years 65,826 91,680
Bank loans more 5 yr by instal 12,264 -
Hire purchase contracts 7,746 -
110,285 119,731

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,264 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
Mr A Hurley
Balance outstanding at start of year 18,134 (708 )
Amounts advanced 20,332 35,842
Amounts repaid (1,000 ) (17,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,466 18,134

The loan is unsecured and repayable upon demand. Interest is charged on the loan at a commercial rate.

9. RELATED PARTY DISCLOSURES

During the year the company had an outstanding loan balance owing from a company under common control. The balance included in debtors at the year end date was £17,000 (2022: £38,000). The loan is repayable upon demand.