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Company Registration No. 05223976 (England and Wales)
Oakfield Ltd Unaudited accounts for the year ended 31 March 2025
Oakfield Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Oakfield Ltd Company Information for the year ended 31 March 2025
Director
Robert Lock
Secretary
Pauline Lock
Company Number
05223976 (England and Wales)
Registered Office
5 Sunnybank Grove Thornbury Bradford West Yorkshire BD3 7DJ England
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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Oakfield Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
129,100
122,139
Cash at bank and in hand
9,181
9,551
138,281
131,690
Creditors: amounts falling due within one year
5
(112,018)
(112,037)
Net current assets
26,263
19,653
Net assets
26,263
19,653
Capital and reserves
Called up share capital
6
4
4
Profit and loss account
26,259
19,649
Shareholders' funds
26,263
19,653
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Robert Lock Director Company Registration No. 05223976
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Oakfield Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Oakfield Ltd is a private company, limited by shares, registered in England and Wales, registration number 05223976. The registered office is 5 Sunnybank Grove, Thornbury, Bradford, West Yorkshire, BD3 7DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
129,100
122,139
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,187
2,203
Taxes and social security
1,551
4,122
Loans from directors
103,280
105,712
112,018
112,037
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
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Oakfield Ltd Notes to the Accounts for the year ended 31 March 2025
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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