Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08949925 2024-01-01 2024-12-31 08949925 2023-01-01 2023-12-31 08949925 2024-12-31 08949925 2023-12-31 08949925 c:Director1 2024-01-01 2024-12-31 08949925 c:Director2 2024-01-01 2024-12-31 08949925 c:RegisteredOffice 2024-01-01 2024-12-31 08949925 d:MotorVehicles 2024-01-01 2024-12-31 08949925 d:MotorVehicles 2024-12-31 08949925 d:MotorVehicles 2023-12-31 08949925 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08949925 d:OfficeEquipment 2024-01-01 2024-12-31 08949925 d:OfficeEquipment 2024-12-31 08949925 d:OfficeEquipment 2023-12-31 08949925 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08949925 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08949925 d:CurrentFinancialInstruments 2024-12-31 08949925 d:CurrentFinancialInstruments 2023-12-31 08949925 d:Non-currentFinancialInstruments 2024-12-31 08949925 d:Non-currentFinancialInstruments 2023-12-31 08949925 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08949925 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08949925 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08949925 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08949925 d:ShareCapital 2024-12-31 08949925 d:ShareCapital 2023-12-31 08949925 d:RetainedEarningsAccumulatedLosses 2024-12-31 08949925 d:RetainedEarningsAccumulatedLosses 2023-12-31 08949925 c:FRS102 2024-01-01 2024-12-31 08949925 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08949925 c:FullAccounts 2024-01-01 2024-12-31 08949925 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08949925 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 08949925







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


OAKFIELD REFURBISHMENTS LIMITED






































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OAKFIELD REFURBISHMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
F Brennan 
L Wells 




Registered number
08949925



Registered office
184, Unit 3
Camford Way

Sundon Park

Luton

LU3 3AN




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


OAKFIELD REFURBISHMENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


OAKFIELD REFURBISHMENTS LIMITED
REGISTERED NUMBER:08949925



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
51,852
15,780

  
51,852
15,780

Current assets
  

Stocks
  
70,000
95,000

Debtors: amounts falling due within one year
 5 
98,430
95,011

Cash at bank and in hand
  
7,331
12,513

  
175,761
202,524

Creditors: amounts falling due within one year
 6 
(166,808)
(185,716)

Net current assets
  
 
 
8,953
 
 
16,808

Total assets less current liabilities
  
60,805
32,588

Creditors: amounts falling due after more than one year
  
(47,692)
(28,230)

Provisions for liabilities
  

Deferred tax
  
(12,963)
(3,945)

  
 
 
(12,963)
 
 
(3,945)

Net assets
  
150
413


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50
313

  
150
413


Page 1

 


OAKFIELD REFURBISHMENTS LIMITED
REGISTERED NUMBER:08949925


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
F Brennan
Director

Date: 19 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


OAKFIELD REFURBISHMENTS LIMITED
 


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

1.


General information

Oakfield Refurbishments 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.
The presentation currency of the financial statements is the Pound Sterling (£).  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


OAKFIELD REFURBISHMENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


OAKFIELD REFURBISHMENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
54,447
1,000
55,447


Additions
50,273
-
50,273


Disposals
(33,119)
-
(33,119)



At 31 December 2024

71,601
1,000
72,601



Depreciation


At 1 January 2024
38,667
1,000
39,667


Charge for the year
11,993
-
11,993


Disposals
(30,911)
-
(30,911)



At 31 December 2024

19,749
1,000
20,749



Net book value



At 31 December 2024
51,852
-
51,852



At 31 December 2023
15,780
-
15,780

Page 5

 


OAKFIELD REFURBISHMENTS LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
68,753
40,090

Other debtors
29,677
54,921

98,430
95,011



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
21,270
21,027

Trade creditors
54,619
50,145

Corporation tax
15,517
46,382

Obligations under finance lease and hire purchase contracts
13,853
10,450

Other creditors
44,819
45,786

Accruals and deferred income
6,730
1,926

166,808
185,716


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
13,853
10,450

13,853
10,450

Details of security provided:

Amounts due under hire purchase contracts are secured against the assets concerned.

Page 6

 


OAKFIELD REFURBISHMENTS LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,167
19,167

Other loans
-
3,167

Obligations under finance lease and hire purchase contracts
38,525
5,896

47,692
28,230


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
38,525
5,896

38,525
5,896

Details of security provided:

Amounts due under hire purchase contracts are secured against the assets concerned.


8.


Directors' benefits: advances, credit and guarantees

At the reporting date the directors owed £NIL (2023: £8,018) to the company. The comparative balance can be found within debtors and no interest is being charged on this.

 
Page 7