Oakfield Businesses Limited

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

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.

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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.

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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)

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

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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

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		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