12 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,000 1,900 100 2,000 100 xbrli:pure xbrli:shares iso4217:GBP 05228324 2023-10-01 2024-09-30 05228324 2024-09-30 05228324 2023-09-30 05228324 2022-10-01 2023-09-30 05228324 2023-09-30 05228324 2022-09-30 05228324 core:NetGoodwill 2023-10-01 2024-09-30 05228324 core:PlantMachinery 2023-10-01 2024-09-30 05228324 core:MotorVehicles 2023-10-01 2024-09-30 05228324 bus:Director1 2023-10-01 2024-09-30 05228324 bus:Director2 2023-10-01 2024-09-30 05228324 core:NetGoodwill 2023-09-30 05228324 core:NetGoodwill 2024-09-30 05228324 core:PlantMachinery 2023-09-30 05228324 core:MotorVehicles 2023-09-30 05228324 core:PlantMachinery 2024-09-30 05228324 core:MotorVehicles 2024-09-30 05228324 core:WithinOneYear 2024-09-30 05228324 core:WithinOneYear 2023-09-30 05228324 core:AfterOneYear 2024-09-30 05228324 core:AfterOneYear 2023-09-30 05228324 core:ShareCapital 2024-09-30 05228324 core:ShareCapital 2023-09-30 05228324 core:RetainedEarningsAccumulatedLosses 2024-09-30 05228324 core:RetainedEarningsAccumulatedLosses 2023-09-30 05228324 core:NetGoodwill 2023-09-30 05228324 core:PlantMachinery 2023-09-30 05228324 core:MotorVehicles 2023-09-30 05228324 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-09-30 05228324 bus:Director2 2023-09-30 05228324 bus:Director2 2024-09-30 05228324 bus:Director2 2022-09-30 05228324 bus:Director2 2023-09-30 05228324 bus:Director2 2022-10-01 2023-09-30 05228324 bus:SmallEntities 2023-10-01 2024-09-30 05228324 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05228324 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05228324 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05228324 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 05228324
Oakdale Technical Services Ltd
Filleted Unaudited Financial Statements
30 September 2024
Oakdale Technical Services Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
100
Tangible assets
6
228,169
114,208
---------
---------
228,169
114,308
Current assets
Stocks
22,500
17,500
Debtors
7
1,679,186
1,038,086
Cash at bank and in hand
1,628,695
972,132
------------
------------
3,330,381
2,027,718
Creditors: amounts falling due within one year
8
( 1,089,934)
( 965,431)
------------
------------
Net current assets
2,240,447
1,062,287
------------
------------
Total assets less current liabilities
2,468,616
1,176,595
Creditors: amounts falling due after more than one year
9
( 25,236)
( 34,912)
Provisions
Taxation including deferred tax
( 36,722)
( 28,577)
------------
------------
Net assets
2,406,658
1,113,106
------------
------------
Oakdale Technical Services Ltd
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,406,558
1,113,006
------------
------------
Shareholders funds
2,406,658
1,113,106
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
Mr. I J Scott
Director
Company registration number: 05228324
Oakdale Technical Services Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 23 Merton Buildings, Glandwr House, Aberbeeg, NP13 2LN, Gwent.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
20% straight line
Motor Vehicles
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
2,000
-------
Amortisation
At 1 October 2023
1,900
Charge for the year
100
-------
At 30 September 2024
2,000
-------
Carrying amount
At 30 September 2024
-------
At 30 September 2023
100
-------
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
182,124
159,960
342,084
Additions
21,481
170,826
192,307
---------
---------
---------
At 30 September 2024
203,605
330,786
534,391
---------
---------
---------
Depreciation
At 1 October 2023
163,649
64,227
227,876
Charge for the year
12,188
66,158
78,346
---------
---------
---------
At 30 September 2024
175,837
130,385
306,222
---------
---------
---------
Carrying amount
At 30 September 2024
27,768
200,401
228,169
---------
---------
---------
At 30 September 2023
18,475
95,733
114,208
---------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 30 September 2024
----
At 30 September 2023
39,962
--------
7. Debtors
2024
2023
£
£
Trade debtors
261,765
483,565
Other debtors
1,417,421
554,521
------------
------------
1,679,186
1,038,086
------------
------------
Included within Other Debtors is £373,157 (2023: £NIL) owed to the company by OTS Developments Ltd, a company under common control.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
181,942
512,554
Corporation tax
679,563
258,247
Social security and other taxes
200,382
167,178
Other creditors
18,047
17,452
------------
---------
1,089,934
965,431
------------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,000
20,000
Other creditors
15,236
14,912
--------
--------
25,236
34,912
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Scott
213,152
466,135
679,287
---------
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr C Scott
214,048
( 896)
213,152
---------
----
----
---------