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REGISTERED NUMBER: 01486733 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Oakwood Haulage Limited

Oakwood Haulage Limited (Registered number: 01486733)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


Oakwood Haulage Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs A L Chandler
D A Young
C Young





SECRETARY: C Young





REGISTERED OFFICE: Tanglewood
Scudders Hill
Longfield
Kent
DA3 8PA





REGISTERED NUMBER: 01486733 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oakwood Haulage Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakwood Haulage Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oakwood Haulage Limited, as a body, in accordance with the terms of our engagement letter dated 11 July 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Oakwood Haulage Limited and state those matters that we have agreed to state to the Board of Directors of Oakwood Haulage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakwood Haulage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oakwood Haulage 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 profit of Oakwood Haulage Limited. You consider that Oakwood Haulage 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 Oakwood Haulage 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.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


8 November 2024

Oakwood Haulage Limited (Registered number: 01486733)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,476 24,232
Investment property 5 2,100,000 2,100,000
2,112,476 2,124,232

CURRENT ASSETS
Debtors 6 1,691 3,056
Cash at bank 87,399 74,199
89,090 77,255
CREDITORS
Amounts falling due within one year 7 34,476 24,051
NET CURRENT ASSETS 54,614 53,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,167,090

2,177,436

CREDITORS
Amounts falling due after more than one
year

8

(5,291

)

-

PROVISIONS FOR LIABILITIES (311,534 ) (313,269 )
NET ASSETS 1,850,265 1,864,167

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Capital redemption reserve 1,250 1,250
Fair value reserve 9 1,315,886 1,315,886
Retained earnings 531,879 545,781
SHAREHOLDERS' FUNDS 1,850,265 1,864,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Oakwood Haulage Limited (Registered number: 01486733)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





C J Young - Director


Oakwood Haulage Limited (Registered number: 01486733)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oakwood Haulage 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 as modified by the revaluation of certain assets.

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

Rental revenue received under operating leases is recognised on a straight line basis over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is initially recognised at cost and subsequently measured at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on the movement in fair value at the rate expected to apply at the time the property is sold.

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 statement of financial position date.

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

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

Oakwood Haulage Limited (Registered number: 01486733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 14,009 82,378 96,387
Additions 1,037 - 1,037
At 31 March 2024 15,046 82,378 97,424
DEPRECIATION
At 1 April 2023 13,071 59,084 72,155
Charge for year 1,145 11,648 12,793
At 31 March 2024 14,216 70,732 84,948
NET BOOK VALUE
At 31 March 2024 830 11,646 12,476
At 31 March 2023 938 23,294 24,232

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,100,000
NET BOOK VALUE
At 31 March 2024 2,100,000
At 31 March 2023 2,100,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 1,424,550
Valuation in 2022 200,000
Valuation in 2023 475,450
2,100,000

Oakwood Haulage Limited (Registered number: 01486733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 400 -
Other debtors 1,291 3,056
1,691 3,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 24,463 13,661
Other creditors 10,013 10,390
34,476 24,051

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 5,291 -

Included in Other Creditors due more than 1 year is the deposit from tenants.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,315,886

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £6,590 (2023: £6,590) owed to the directors by the company.The loan is unsecured, interest free and repayable on demand.

11. OPERATING LEASE AGREEMENTS WHERE THE COMPANY IS A LESSOR

The company holds investment properties, as disclosed in note 6, which are let to third parties. These non-cancellable leases have remaining terms up to 5 years.

Future minimum rentals receivable under non-cancellable operating leases are as follows:

2024 2023
£ £
Not later than one year - -
After one year but not more than five years 734,598 489,000
734,598 489,000