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REGISTERED NUMBER: 03242227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OAKTREE ELECTRICAL LIMITED

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OAKTREE ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: T S Usher





REGISTERED OFFICE: Second Floor South
The Fitted Rigging House
Anchor Wharf, The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 03242227 (England and Wales)





ACCOUNTANTS: Carleys
Second Floor South
The Fitted Rigging House
The Historic Dockyard
Chatham
Kent
ME4 4TZ

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 69,649 100,527
Investment property 5 185,000 175,000
254,649 275,527

CURRENT ASSETS
Stocks 7,000 6,286
Debtors 6 553,979 819,898
Cash at bank and in hand 5,579 3,344
566,558 829,528
CREDITORS
Amounts falling due within one year 7 268,394 587,962
NET CURRENT ASSETS 298,164 241,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,813

517,093

CREDITORS
Amounts falling due after more than one
year

8

(10,507

)

(22,735

)

PROVISIONS FOR LIABILITIES (27,646 ) (31,083 )
NET ASSETS 514,660 463,275

CAPITAL AND RESERVES
Called up share capital 9 45 45
Capital redemption reserve 10 55 55
Fair value reserve 10 113,231 105,731
Retained earnings 10 401,329 357,444
SHAREHOLDERS' FUNDS 514,660 463,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 16 May 2025 and were signed by:





T S Usher - Director


OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Oaktree Electrical 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 and income recognition
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of work carried out to date. Attributable profit is recognised as the difference between turnover and attributable costs to date, where the outcome of the contract can be assessed with reasonable certainty. Foreseeable losses on long term contracts are provided for in full once the expected loss has been ascertained with reasonable certainty.

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 - 25% on reducing balance

Investment property
Investment property is included at open market value at the year end. Any aggregate surplus or deficit arising from changes in open market value is transferred to a fair value reserve.

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.

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.

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 332,375
Additions 4,645
Disposals (29,025 )
At 30 September 2024 307,995
DEPRECIATION
At 1 October 2023 231,848
Charge for year 23,380
Eliminated on disposal (16,882 )
At 30 September 2024 238,346
NET BOOK VALUE
At 30 September 2024 69,649
At 30 September 2023 100,527

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 175,000
Revaluations 10,000
At 30 September 2024 185,000
NET BOOK VALUE
At 30 September 2024 185,000
At 30 September 2023 175,000

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2008 40,875
Valuation in 2009 25,000
Valuation in 2011 (30,000 )
Valuation in 2012 (5,000 )
Valuation in 2015 5,000
Valuation in 2016 80,000
Valuation in 2024 10,000
Cost 59,125
185,000

The investment property is included at the year end at the directors' valuation which represents fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 521,019 709,166
Other debtors 32,960 110,732
553,979 819,898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,248 141,637
Hire purchase contracts 4,085 13,666
Trade creditors 131,309 354,816
Taxation and social security 75,532 27,648
Other creditors 47,220 50,195
268,394 587,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,507 20,752
Hire purchase contracts - 1,983
10,507 22,735

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
45 Ordinary B £1 45 45

OAKTREE ELECTRICAL LIMITED (REGISTERED NUMBER: 03242227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 357,444 55 105,731 463,230
Profit for the year 115,056 - - 115,056
Dividends (63,671 ) - - (63,671 )
Transfer on revaluation of
investment property (7,500 ) - 7,500 -
At 30 September 2024 401,329 55 113,231 514,615

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
T S Usher
Balance outstanding at start of year 37,956 (113 )
Amounts advanced 57,016 64,462
Amounts repaid (64,271 ) (26,393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,701 37,956

The above loan has been repaid to the company since the year end.