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Company No: 14777858 (England and Wales)

OAKESFIELD CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

OAKESFIELD CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024

Contents

OAKESFIELD CONSTRUCTION LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024
OAKESFIELD CONSTRUCTION LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024
DIRECTORS S O Gruber (Appointed 03 April 2023)
T E Gruber (Appointed 03 April 2023)
REGISTERED OFFICE Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 14777858 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
OAKESFIELD CONSTRUCTION LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
OAKESFIELD CONSTRUCTION LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 30.04.2024
£
Fixed assets
Tangible assets 3 27,949
27,949
Current assets
Debtors 4 248,148
Cash at bank and in hand 163,483
411,631
Creditors: amounts falling due within one year 5 ( 294,445)
Net current assets 117,186
Total assets less current liabilities 145,135
Net assets 145,135
Capital and reserves
Called-up share capital 6 100
Profit and loss account 145,035
Total shareholders' funds 145,135

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Oakesfield Construction Limited (registered number: 14777858) were approved and authorised for issue by the Board of Directors on 31 March 2025. They were signed on its behalf by:

S O Gruber
Director
OAKESFIELD CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024
OAKESFIELD CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 03 APRIL 2023 TO 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Oakesfield Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
03.04.2023 to
30.04.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 5

3. Tangible assets

Vehicles Total
£ £
Cost
At 03 April 2023 0 0
Additions 34,642 34,642
At 30 April 2024 34,642 34,642
Accumulated depreciation
At 03 April 2023 0 0
Charge for the financial period 6,693 6,693
At 30 April 2024 6,693 6,693
Net book value
At 30 April 2024 27,949 27,949

4. Debtors

30.04.2024
£
Trade debtors 248,148

5. Creditors: amounts falling due within one year

30.04.2024
£
Trade creditors 166,523
Amounts owed to directors 305
Accruals 2,501
Taxation and social security 125,116
294,445

6. Called-up share capital

30.04.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100