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REGISTERED NUMBER: 02746994 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

OAKLEY PLANT LIMITED

OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKLEY PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: T W Oakley
S J Oakley





SECRETARY: M A Oakley





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 02746994 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,121,774 884,407

CURRENT ASSETS
Stocks 47,008 35,795
Debtors 5 244,945 280,463
Cash at bank 184,471 245,073
476,424 561,331
CREDITORS
Amounts falling due within one year 6 215,730 217,511
NET CURRENT ASSETS 260,694 343,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,382,468

1,228,227

CREDITORS
Amounts falling due after more than one
year

7

(73,213

)

(20,048

)

PROVISIONS FOR LIABILITIES (278,796 ) (219,087 )
NET ASSETS 1,030,459 989,092

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,030,359 988,992
SHAREHOLDERS' FUNDS 1,030,459 989,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





S J Oakley - Director


OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Oakley Plant 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 represents plant hire and contracting income excluding discounts, rebates, value added tax and other taxes. Turnover is recognised when the services are provided.

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.
Improvements to property - 10% straight line
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office 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 Statement of Income and Retained Earnings, 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.

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 the statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 1,951,286
Additions 342,805
At 31 October 2024 2,294,091
DEPRECIATION
At 1 November 2023 1,066,879
Charge for year 105,438
At 31 October 2024 1,172,317
NET BOOK VALUE
At 31 October 2024 1,121,774
At 31 October 2023 884,407

The net book value of tangible fixed assets includes £ 204,362 in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 207,600 226,916
Other debtors 37,345 53,547
244,945 280,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,267 -
Trade creditors 126,953 148,829
Taxation and social security 7,147 47,866
Other creditors 45,363 10,816
215,730 217,511

OAKLEY PLANT LIMITED (REGISTERED NUMBER: 02746994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 10,000 20,048
Hire purchase contracts 63,213 -
73,213 20,048

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 89,480 -

Hire purchase contracts are secured over the assets being financed.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
30 Ordinary A shares £1 30 30
30 Ordinary B shares £1 30 30
30 Ordinary C shares £1 30 30
10 Ordinary D shares £1 10 10
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
S J Oakley
Balance outstanding at start of year 13,665 -
Amounts advanced - 13,665
Amounts repaid (13,665 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,665