Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10406747 Mr Simon Spiller Mrs Caroline Spiller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10406747 2024-03-31 10406747 2025-03-31 10406747 2024-04-01 2025-03-31 10406747 frs-core:Non-currentFinancialInstruments 2025-03-31 10406747 frs-core:BetweenOneFiveYears 2025-03-31 10406747 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10406747 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10406747 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10406747 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10406747 frs-core:MotorVehicles 2024-04-01 2025-03-31 10406747 frs-core:PlantMachinery 2024-04-01 2025-03-31 10406747 frs-core:WithinOneYear 2025-03-31 10406747 frs-core:ShareCapital 2025-03-31 10406747 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10406747 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10406747 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 10406747 frs-bus:SmallEntities 2024-04-01 2025-03-31 10406747 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10406747 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10406747 frs-core:AdditionsToInvestments 2025-03-31 10406747 frs-core:CostValuation 2025-03-31 10406747 frs-bus:Director1 2024-04-01 2025-03-31 10406747 frs-bus:Director2 2024-04-01 2025-03-31 10406747 frs-countries:EnglandWales 2024-04-01 2025-03-31 10406747 2023-03-31 10406747 2024-03-31 10406747 2023-04-01 2024-03-31 10406747 frs-core:Non-currentFinancialInstruments 2024-03-31 10406747 frs-core:BetweenOneFiveYears 2024-03-31 10406747 frs-core:WithinOneYear 2024-03-31 10406747 frs-core:ShareCapital 2024-03-31 10406747 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10406747
Oakfield Businesses Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Dawes Accountants Limited
Oakfield Businesses Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—6

Page 1
Oakfield Businesses Limited
Abridged Balance Sheet
As At 31 March 2025
Abridged Balance Sheet
Registered number: 10406747

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 674 |  | 1,026
Tangible Assets | 5 |  | 25,998 |  | 31,222
Investments | 6 |  | 760,946 |  | -
|  |  | 787,618 |  | 32,248
CURRENT ASSETS
Stocks |  | 16,000 |  | 16,000 |
Debtors |  | 196,901 |  | 231,250 |
Cash at bank and in hand |  | 75,437 |  | 88,880 |
|  | 288,338 |  | 336,130 |
Creditors: Amounts Falling Due Within One Year |  | (365,776 ) |  | (191,337 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (77,438 ) |  | 144,793
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 710,180 |  | 177,041
Creditors: Amounts Falling Due After More Than One Year |  |  | (303,713 ) |  | (5,139 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (6,411 ) |  | (7,134 )
NET ASSETS |  |  | 400,056 |  | 164,768
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Profit and Loss Account |  |  | 400,054 |  | 164,766
SHAREHOLDERS' FUNDS |  |  | 400,056 |  | 164,768

Page 1
Page 2
Oakfield Businesses Limited
Abridged Balance Sheet (continued)
As At 31 March 2025
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 directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

Mr Simon Spiller Director
04/11/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Oakfield Businesses Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 March 2025
Notes to the Abridged Financial Statements
1. General Information
Oakfield Businesses Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10406747 . The registered office is 5 Exmouth Road, Budleigh Salterton, Devon, EX9 6AF.
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.
The financial statements ar eprepared in sterling, which is the functional currency of the company. Monetart amounts in these financial statements are rounded to the nearest £.
2.2. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from good at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from the contractual or other legal rights; and the intangible asset is separable from the entity,
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Franchise Amortised over 5 years
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:

Freehold | 20% Straight Line
Plant & Machinery | 25% Reducing Balance
Motor Vehicles | 20% Reducing Balance
Fixtures & Fittings | 20% Straight Line
Computer Equipment | 20% Straight Line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
Oakfield Businesses Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025
2.6. 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.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised inthe compan'ys balance sheet whenthe company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set of the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basis financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual agreements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deucting all its liabilities.
Basic financial liabilities
Basis financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction proce unless thearrangement constitues a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payableare classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price andsubsequently measured at amortised cost using the effective interest method.
2.8. 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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
Oakfield Businesses Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025
2.9. Cash and cash eqivalents
Cash and cash equivalents are the basic financial assets and include cash in hand, deposits held at all banks, other short-term liquid investments with original maturites of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.10. Equity Instruments
Equity Instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2.11. Employee benefits
The costs of short-term employee benefits ar erecognised as a liability and an expense, unless those costs are required to be recognised as part ofthe cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefitsare reognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits
Retirement benefits
Payments to defined contribution retirement benefits schemes are charged as an expense when they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 80 (2024: 80)
80 80
4. Intangible Assets

| Total
--- | ---
| £
Cost
As at 1 April 2024 | 67,652
As at 31 March 2025 | 67,652
Amortisation
As at 1 April 2024 | 66,626
Provided during the period | 352
As at 31 March 2025 | 66,978
Net Book Value
As at 31 March 2025 | 674
As at 1 April 2024 | 1,026

5. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 April 2024 | 63,592
Additions | 2,956
As at 31 March 2025 | 66,548
Depreciation
As at 1 April 2024 | 32,370
Provided during the period | 8,180
As at 31 March 2025 | 40,550

...CONTINUED
Page 5
Page 6
Oakfield Businesses Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025 | 25,998
As at 1 April 2024 | 31,222

6. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 1 April 2024 | -
Additions | 760,946
As at 31 March 2025 | 760,946
Provision
As at 1 April 2024 | -
As at 31 March 2025 | -
Net Book Value
As at 31 March 2025 | 760,946
As at 1 April 2024 | -

On the 28th October 2024 the company acquired 100% of the share capital if Bestclean Limietd for £759,466, which was funded by the directors loans to the company and by deferred consideration.
7. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 2,207 |  | 6,632
Later than one year and not later than five years | 2,785 |  | 5,139
| 4,992 |  | 11,771
| 4,992 |  | 11,771

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 5,187 |  | 5,985
| 5,187 |  | 5,985

Page 6