Oakdale Fencing Limited 31/12/2024 iXBRL

Company registration number: 01705650

Oakdale Fencing Limited

Unaudited filleted financial statements

31 December 2024

Oakdale Fencing Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Oakdale Fencing Limited

Directors and other information


	Directors	Mr J Butler
		Mrs C W Butler
		Mr S D Butler


	Secretary	Mrs C W Butler


	Company number	01705650


	Registered office	Oakdale House
		Blackhorse Road
		Exhall
		Coventry
		CV 7 9FW


	Business address	Oakdale House
		Blackhorse Road
		Exhall
		Coventry
		CV7 9FW


	Accountants	Rawnsley & Co
		35 Colworth House
		Colworth Park, Sharnbrook
		Bedford
		Beds
		MK441LQ




	Bankers	Lloyds Bank plc

Oakdale Fencing Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	102,067		77,636
		_______		_______
			102,067		77,636

Current assets
Stocks		262,818		138,916
Debtors	6	353,631		346,187
Cash at bank and in hand		1,558,676		1,599,926
		_______		_______
		2,175,125		2,085,029
Creditors: amounts falling due
within one year	7	( 460,558)		( 400,412)
		_______		_______
Net current assets			1,714,567		1,684,617
			_______		_______
Total assets less current liabilities			1,816,634		1,762,253


Provisions for liabilities			( 25,517)		( 14,751)

			_______		_______
Net assets			1,791,117		1,747,502
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,791,017		1,747,402
			_______		_______
Shareholders funds			1,791,117		1,747,502
			_______		_______

For the year ending 31 December 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 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 income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

Mr S D Butler

Director

Company registration number: 01705650

Oakdale Fencing Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Oakdale House, Blackhorse Road, Exhall, Coventry, CV 7 9FW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Tangible assets

tangible assets are initially recorded at cost, and are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Short leasehold property	-	25 %	reducing balance
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2023: 14 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	16,018	149,011	12,974	152,617	330,620
Additions	-	-	1,569	65,199	66,768
Disposals	-	-	-	( 22,692)	( 22,692)
	_______	_______	_______	_______	_______
At 31 December 2024	16,018	149,011	14,543	195,124	374,696
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	15,973	99,978	9,086	127,948	252,985
Charge for the year	11	13,383	1,571	20,832	35,797
Disposals	-	-	-	( 16,153)	( 16,153)
	_______	_______	_______	_______	_______
At 31 December 2024	15,984	113,361	10,657	132,627	272,629
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	34	35,650	3,886	62,497	102,067
	_______	_______	_______	_______	_______
At 31 December 2023	45	49,033	3,888	24,669	77,635
	_______	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	23,541	16,097
Other debtors	330,090	330,090
	_______	_______
	353,631	346,187
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	284,498	86,721
Corporation tax	17,511	64,320
Social security and other taxes	32,317	43,223
Other creditors	126,232	206,148
	_______	_______
	460,558	400,412
	_______	_______

8. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	2024	2023
	£	£
Mr J Butler	22,500	22,500
Mrs C W Butler	22,500	22,500
Mr S D Butler	151,035	151,035
	_______	_______
	106,035	106,035
	_______	_______

As at the year end two of the directors were each owed £22,500 (2023: £22,500) the loans are interest free and carry no fixed repayment term.As at the year end the other director had an outstanding balance due to the company of £151,035 which includes a loan of £150,000 and has interest at the rate of 1.5% per annum and no agreed repayment term.

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2024	2023	2024	2023
	£	£	£	£
Oakdale Fencing (Landscapes) Limited	-	-	( 43,351)	( 43,351)
J & C Property England Ltd	60,000	-	-	-
Family member	-	150,000	150,000	150,000
	_______	_______	_______	_______

The business trades from premises owned by a company which two of the diectors are the shareholders ,the rent is £60,000 per annum. The loan to family member carries interest at the rate of 1.5% per annum and has no agreed repayment terms.

10. Controlling party

The company is under the control of Mr J Butler and Mrs C W Butler by virtue of their 50% shareholding.