Oak Gate Joinery Limited

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

Registered number: 07104145

		31 March 2025		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		79,801		18,667

			79,801		18,667
CURRENT ASSETS
Stocks	5	22,000		43,200
Debtors	6	84,283		3,273
Cash at bank and in hand		12,243		35,166

		118,526		81,639
Creditors: Amounts Falling Due Within One Year	7	(144,652 )		(57,874 )

NET CURRENT ASSETS (LIABILITIES)			(26,126 )		23,765

TOTAL ASSETS LESS CURRENT LIABILITIES			53,675		42,432

Creditors: Amounts Falling Due After More Than One Year	8		(7,960 )		(12,747 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(18,360 )		(4,053 )

NET ASSETS			27,355		25,632

CAPITAL AND RESERVES
Called up share capital	10		6		6
Profit and Loss Account			27,349		25,626

SHAREHOLDERS' FUNDS			27,355		25,632

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Oak Gate Joinery Limited

Balance Sheet (continued)

As At 31 March 2025

For the period 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.

On behalf of the board

C E Sowerby Director	A M Collier Director
5th November 2025

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

1. General Information

Oak Gate Joinery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07104145 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.

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. Turnover

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

2.3. 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:

Leasehold	No depreciation
Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	15% Reducing balance
Computer Equipment	33% Reducing balance

2.4. 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.

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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 5 (2023: 5)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	7,637	37,843	-	6,416
Additions	-	4,725	55,000	12,206

As at 31 March 2025	7,637	42,568	55,000	18,622

...CONTINUED

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Oak Gate Joinery Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

Depreciation
As at 1 January 2024	-	31,581	-	3,087
Provided during the period	-	2,755	9,166	1,346

As at 31 March 2025	-	34,336	9,166	4,433

Net Book Value
As at 31 March 2025	7,637	8,232	45,834	14,189

As at 1 January 2024	7,637	6,262	-	3,329


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	5,858	57,754
Additions	3,520	75,451

As at 31 March 2025	9,378	133,205

Depreciation
As at 1 January 2024	4,419	39,087
Provided during the period	1,050	14,317

As at 31 March 2025	5,469	53,404

Net Book Value
As at 31 March 2025	3,909	79,801

As at 1 January 2024	1,439	18,667

5. Stocks

	31 March 2025	31 December 2023
	£	£
Stock	22,000	43,200

6. Debtors

	31 March 2025	31 December 2023
	£	£
Due within one year
Trade debtors	81,988	324
Prepayments and accrued income	2,295	2,949

	84,283	3,273

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Oak Gate Joinery Limited

Notes to the Financial Statements (continued)

For the Period 1 January 2024 to 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	20,531	-
Trade creditors	33,685	1,330
Bank loans and overdrafts	8,837	8,584
Corporation tax	65,493	19,190
Other taxes and social security	-	4,375
VAT	12,669	14,942
Net wages	-	1,685
Other creditors	36	32
Accruals and deferred income	2,505	1,990
Directors' loan accounts	896	5,746

	144,652	57,874

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

	31 March 2025	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	5,465	-
Bank loans	2,495	12,747

	7,960	12,747

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	20,531	-
Later than one year and not later than five years	5,465	-

	25,996	-

	25,996	-

10. Share Capital

	31 March 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	6	6

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