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Oak Electrical Solutions Ltd
Registered Number:10646077
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
Oak Electrical Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10646077
As at 31 March 2025
Oak Electrical Solutions Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
24,725
37,037
2
24,725
37,037
Current assets
Trade and other receivables
11,838
12,281
3
49,025
Cash and cash equivalents
85,082
97,363
60,863
Trade and other payables: amounts falling due within one
year
(16,030)
(18,171)
4
44,833
79,192
Net current assets
Total assets less current liabilities
103,917
81,870
(4,698)
-
Provisions for liabilities
99,219
Net assets
81,870
Capital and reserves
Called up share capital
100
100
Retained earnings
99,119
81,770
99,219
81,870
Shareholders' funds
For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
James Forbes Director
These financial statements were approved and authorised for issue by the Board on 04 June 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2025
Oak Electrical Solutions Ltd
Notes to the Financial Statements
Statutory Information
Oak Electrical Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10646077.
Registered address:
18 Main Road
Holmesfield
Dronfield
S18 7WT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
25% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2024
54,033
2,267
40,733
11,033
At 31 March 2025
11,033
40,733
2,267
54,033
Provision for depreciation and impairment
At 01 April 2024
16,996
567
10,183
6,246
Charge for year
12,312
567
10,184
1,561
At 31 March 2025
29,308
1,134
20,367
7,807
At 31 March 2025
Net book value
3,226
20,366
1,133
24,725
At 31 March 2024
4,787
30,550
1,700
37,037
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5
For the year ended 31 March 2025
Oak Electrical Solutions Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2024
2025
£
£
Trade debtors
10,132
11,838
Other debtors
2,149
-
11,838
12,281
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
327
164
Taxation and social security
7,355
2,264
Other creditors
10,489
13,602
18,171
16,030
5. Average number of persons employed
During the year the average number of employees was 1 (2024 : 1)
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