REGISTERED NUMBER: 02489367 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oakham Home Improvements Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M L Elkins

P A Elkins

S M W Elkins

SECRETARY:

M L Elkins

REGISTERED OFFICE:

11 St Albans Close

Oakham

Rutland

LE15 6EW

REGISTERED NUMBER:

02489367 (England and Wales)

ACCOUNTANTS:

SRB Associates (Leicestershire) Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Tangible assets

4

10,273

13,709

CURRENT ASSETS

Inventories

114,103

91,194

Debtors

5

105,797

7,832

Cash at bank

211,987

292,136

431,887

391,162

CREDITORS

Amounts falling due within one year

6

128,086

123,780

NET CURRENT ASSETS

303,801

267,382

TOTAL ASSETS LESS CURRENT LIABILITIES

314,074

281,091

PROVISIONS FOR LIABILITIES

7

2,525

3,330

NET ASSETS

311,549

277,761

CAPITAL AND RESERVES

Called up share capital

8

150

150

Share premium

7,950

7,950

Retained earnings

303,449

269,661

SHAREHOLDERS' FUNDS

311,549

277,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

M L Elkins - Director

P A Elkins - Director

S M W Elkins - Director

1.	STATUTORY INFORMATION

Oakham Home Improvements 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

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

Tangible fixed assets

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

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Plant and machinery - 20% Reducing balance basis

Motor vehicles - 25% Reducing balance basis

Computer equipment - 33.33% Straight line basis

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

13,869

55,295

2,852

72,016

DEPRECIATION

At 1 April 2024

12,643

43,089

2,575

58,307

Charge for year

246

3,051

139

3,436

At 31 March 2025

12,889

46,140

2,714

61,743

NET BOOK VALUE

At 31 March 2025

980

9,155

138

10,273

At 31 March 2024

1,226

12,206

277

13,709

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

104,013

6,157

Other debtors

1,784

1,675

105,797

7,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

41,265

47,425

Taxation and social security

70,220

64,610

Other creditors

16,601

11,745

128,086

123,780

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

2,525

3,330

Deferred

tax

£

Balance at 1 April 2024

3,330

Credit to Income Statement during year

(805

)

Balance at 31 March 2025

2,525

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

£1

100

100

50

Ordinary B

£1

50

50

150

150

9.	RELATED PARTY DISCLOSURES

Rents of £2,100 (2024 - £8,400) were paid to two of the directors during the year.

In addition, rents of £3,150 were paid to the third director.