Oakshield Construction Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10591064

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,142		2,685

			2,142		2,685
CURRENT ASSETS
Stocks	5	4,000		3,959
Debtors	6	1,738		1,517
Cash at bank and in hand		1,588		3,216

		7,326		8,692
Creditors: Amounts Falling Due Within One Year	7	(31,242 )		(21,773 )

NET CURRENT ASSETS (LIABILITIES)			(23,916 )		(13,081 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(21,774 )		(10,396 )

Creditors: Amounts Falling Due After More Than One Year	8		(13,333 )		(17,333 )

NET LIABILITIES			(35,107 )		(27,729 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(35,207 )		(27,829 )

SHAREHOLDERS' FUNDS			(35,107)		(27,729)

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Oakshield Construction Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Peters

Director

30 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Oakshield Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10591064 . The registered office is Trelake Cottage Tedburn Road, Whitestone, Exeter, Devon, EX4 2HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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Oakshield Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.9. 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.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2024	5,175	325	5,500

As at 28 February 2025	5,175	325	5,500

Depreciation
As at 1 March 2024	2,593	222	2,815
Provided during the period	517	26	543

As at 28 February 2025	3,110	248	3,358

Net Book Value
As at 28 February 2025	2,065	77	2,142

As at 1 March 2024	2,582	103	2,685

5. Stocks

	2025	2024
	£	£
Stock	4,000	3,959

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	200
Prepayments and accrued income	200	200
Other debtors	1,538	1,051
Other taxes and social security	-	66

	1,738	1,517

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Oakshield Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,008	6,000
Bank loans and overdrafts	4,000	4,000
Other taxes and social security	171	-
VAT	2,790	4,483
Other creditors	17	17
Accruals and deferred income	1,364	1,280
Director's loan account	18,892	5,993

	31,242	21,773

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,333	5,333
Other creditors	12,000	12,000

	13,333	17,333

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

At the year end, 28 February 2025, the company owed the directors £18,892 (2024: £5,993). This amount is interest free and repayable on demand.

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