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Oakley Wood Timber Limited
Filleted accounts
31 March 2025
Company registration number: 10090754
Oakley Wood Timber Limited
Directors and other information
Director D Wren
Company number 10090754
Registered office Unit 4 Walnut Farm
Worminghall Road
Oakley
Buckinghamshire
HP18 9QY
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Oakley Wood Timber Limited
Balance sheet
31st March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 18,752 22,938
_______ _______
18,752 22,938
Current assets
Stocks 30,000 70,000
Debtors 6 54,640 50,909
Cash at bank and in hand 12,273 16,494
_______ _______
96,913 137,403
Creditors: amounts falling due
within one year 7 ( 112,396) ( 144,010)
_______ _______
Net current liabilities ( 15,483) ( 6,607)
_______ _______
Total assets less current liabilities 3,269 16,331
Creditors: amounts falling due
after more than one year 8 ( 3,050) ( 13,022)
_______ _______
Net assets 219 3,309
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 119 3,209
_______ _______
Shareholders funds 219 3,309
_______ _______
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:
D Wren
Director
Company registration number: 10090754
Oakley Wood Timber Limited
Notes to the financial statements
Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 4 Walnut Farm, Worminghall Road, Oakley, Buckinghamshire, HP18 9QY. There was no significant change in the company's principal activity during the year which continued to be dealing in timber products.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1st April 2024 58,340 58,340
Additions 2,065 2,065
_______ _______
At 31st March 2025 60,405 60,405
_______ _______
Depreciation
At 1st April 2024 35,402 35,402
Charge for the year 6,251 6,251
_______ _______
At 31st March 2025 41,653 41,653
_______ _______
Carrying amount
At 31st March 2025 18,752 18,752
_______ _______
At 31st March 2024 22,938 22,938
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 40,000 40,000
Other debtors 14,640 10,909
_______ _______
54,640 50,909
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 9,450 9,478
Trade creditors 68,500 60,000
Social security and other taxes 30,356 70,417
Other creditors 4,090 4,115
_______ _______
112,396 144,010
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 3,050 13,022
_______ _______
9. Called up share capital
Issued, called up and fully paid
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward Advances /(credits) to the director Amounts repaid Amounts written off Amounts waived Balance o/standing
£ £ £ £ £ £
D Wren - 9,250 - - - 9,250
_______ _______ _______ _______ _______ _______
The directors loan was repaid on 1st December 2025.