Company No: 14874956 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	30.04.2024
		£
Fixed assets
Tangible assets	3	146,772
		146,772
Current assets
Stocks	4	104,000
Debtors	5	539,401
Cash at bank and in hand		14,305
		657,706
Creditors: amounts falling due within one year	6	( 362,212)
Net current assets		295,494
Total assets less current liabilities		442,266
Creditors: amounts falling due after more than one year	7	( 116,711)
Provision for liabilities	8	( 36,578)
Net assets		288,977
Capital and reserves
Called-up share capital	9	100
Profit and loss account		288,877
Total shareholder's funds		288,977

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Oakley Machinery Ltd (registered number: 14874956) were approved and authorised for issue by the Director on 17 September 2025. They were signed on its behalf by:

L D George Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Oakley Machinery Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 7 Whitworth Road, Martson Trading Estate, Frome, BA11 4BY, United Kingdom. The principal place of business is Unit 4, Evercreech Industrial Estate, Evercreech, Shepton Mallet, Somerset, BA4 6NA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period has been shortened to an eleven month period ending 30 April 2024.

The director made the decision to change the accounting period end date, so that it coincided better with the operational cycle of the business.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Period from 17.05.2023 to 30.04.2024
	Number
Monthly average number of persons employed by the Company during the period, including the director	6

3. Tangible assets

	Vehicles		Computer equipment		Total
	£		£		£
Cost
At 17 May 2023	0		0		0
Additions	158,710		504		159,214
At 30 April 2024	158,710		504		159,214
Accumulated depreciation
At 17 May 2023	0		0		0
Charge for the financial period	12,405		37		12,442
At 30 April 2024	12,405		37		12,442
Net book value
At 30 April 2024	146,305		467		146,772

4. Stocks

	30.04.2024
	£
Stocks	104,000

5. Debtors

	30.04.2024
	£
Trade debtors	395,319
Amounts owed by related parties	6,962
Amounts owed by director	8,143
Other debtors	128,977
	539,401

6. Creditors: amounts falling due within one year

	30.04.2024
	£
Trade creditors	139,261
Amounts owed to connected companies	55,900
Accruals	4,500
Taxation and social security	142,463
Obligations under finance leases and hire purchase contracts	19,014
Other creditors	1,074
	362,212

7. Creditors: amounts falling due after more than one year

	30.04.2024
	£
Obligations under finance leases and hire purchase contracts	116,711

Obligations under finance leases and hire purchase contracts are secured against the assets concerned, which are included within tangible fixed assets. At the balance sheet date the assets concerned had a combined net book value of £146,304.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	30.04.2024
	£
Obligations under finance leases and hire purchase contracts	16,259

8. Provision for liabilities

	30.04.2024
	£
Deferred tax	36,578

9. Called-up share capital

	30.04.2024
	£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100

Upon incorporation 100 ordinary shares were issued at par.

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	30.04.2024
	£
within one year	70,015
between one and five years	304,452
after five years	101,259
	475,726

The non-cancellable operating leases above relate to the rental of the business premises.

11. Related party transactions

Transactions with the entity's director

Advances

The directors' loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

During the year, the company made advances to the directors amounting to £13,250 and received repayments of £5,107, leaving a balance due from the directors of £8,143.