Oakfield P.M. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03301783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

OAKFIELD P.M. LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Miss S L Hensher

Mr N M Newstead

Mr S J Ruxton-Cocker

Mrs K Newstead

Mrs E Hawkins

REGISTERED OFFICE:

Head Office

4 Hayland Industrial Estate

Maunsell Road

St. Leonards-On-Sea

East Sussex

TN38 9NN

REGISTERED NUMBER:

03301783 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Intangible assets

4

353,775

220,974

Tangible assets

5

441,499

339,555

795,274

560,529

CURRENT ASSETS

Debtors

6

337,290

523,016

Cash at bank and in hand

239,856

457,388

577,146

980,404

CREDITORS

Amounts falling due within one year

7

333,249

288,200

NET CURRENT ASSETS

243,897

692,204

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,171

1,252,733

PROVISIONS FOR LIABILITIES

8

106,321

76,497

NET ASSETS

932,850

1,176,236

CAPITAL AND RESERVES

Called up share capital

9

120

Retained earnings

932,730

1,176,116

SHAREHOLDERS' FUNDS

932,850

1,176,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Mr N M Newstead - Director

1.	STATUTORY INFORMATION

Oakfield P.M. 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENT

The financial statements contain information about Oakfield P.M. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2024 - 46 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 February 2024

622,983

Additions

323,227

At 31 January 2025

946,210

Amortisation

At 1 February 2024

402,009

Amortisation for year

190,426

At 31 January 2025

592,435

Net book value

At 31 January 2025

353,775

At 31 January 2024

220,974

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1 February 2024

211,935

703,577

140,410

1,055,922

Additions

15,096

100,543

88,000

203,639

Disposals

(42,627

)

(155,008

)

-

(197,635

)

At 31 January 2025

184,404

649,112

228,410

1,061,926

Depreciation

At 1 February 2024

204,866

445,188

66,313

716,367

Charge for year

6,148

47,838

35,100

89,086

Eliminated on disposal

(42,627

)

(142,399

)

-

(185,026

)

At 31 January 2025

168,387

350,627

101,413

620,427

Net book value

At 31 January 2025

16,017

298,485

126,997

441,499

At 31 January 2024

7,069

258,389

74,097

339,555

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

37,594

166,014

Other debtors

122,456

184,679

160,050

350,693

Amounts falling due after more than one year:

Amounts owed by associates

177,240

172,323

Aggregate amounts

337,290

523,016

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

124,118

32,916

Taxation and social security

125,584

184,709

Other creditors

83,547

70,575

333,249

288,200

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

Accelerated capital allowances

106,321

76,497

Deferred

tax

£

Balance at 1 February 2024

76,497

Provided during year

29,824

Balance at 31 January 2025

106,321

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

10

A Ordinary

£1

10

1

B Ordinary

£1

1

9

C Ordinary

£1

9

120