G. Oakley & Sons Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03908114

G. Oakley & Sons Ltd

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

G. Oakley & Sons Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

G. Oakley & Sons Ltd

Officers and Professional Advisers

The board of directors	Mr A Oakley
	Mr D R Oakley
	Mr W Oakley
	Mr A S Oakley
	Mr M P Oakley
	Mr S T Oakley

Registered office	Glade View
	St. Mary Church
	Cowbridge
	South Glamorgan
	Wales
	CF71 7LT

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

G. Oakley & Sons Ltd

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of G. Oakley & Sons Ltd

Year ended 31 March 2025

Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of G. Oakley & Sons Ltd You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

11 December 2025

G. Oakley & Sons Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		544,556	533,845

Current assets

Debtors	6	3,608,207	2,491,512
Cash at bank and in hand		738,871	588,096
		------------	------------
		4,347,078	3,079,608

Creditors: amounts falling due within one year	7	3,082,127		1,855,936
		------------		------------
Net current assets			1,264,951	1,223,672
			------------	------------
Total assets less current liabilities			1,809,507	1,757,517

Creditors: amounts falling due after more than one year	8	228,359	254,308
		------------	------------
Net assets		1,581,148	1,503,209
		------------	------------

Capital and reserves

Called up share capital	5	5
Profit and loss account	1,581,143	1,503,204
	------------	------------
Shareholders funds	1,581,148	1,503,209
	------------	------------

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 statement of income and retained earnings has not been delivered.

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

G. Oakley & Sons Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

Mr A Oakley

Director

Company registration number: 03908114

G. Oakley & Sons Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Glade View, St. Mary Church, Cowbridge, South Glamorgan, CF71 7LT, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of commercial building, refurbishment, and shopfitting. Rendering of services Revenue recognised from the provision of services is recognised when it can measured reliably and is calculated by reference to the stage (or percentage) of completion of the transaction at the end of the reporting period. When the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses incurred that are recoverable. Construction contracts When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to insert detail. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable. When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer Equipment	-	25% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

A construction contract is specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology and function or their ultimate purpose or use. Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised. Where the collectability of an amount already recognised as contract revenue is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract revenue. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 42 (2024: 41 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2024	433,015	71,515	1,137	154,792	62,127	722,586
Additions	16,560	21,000	–	17,000	3,000	57,560
Disposals	–	–	–	( 22,500)	–	( 22,500)
	---------	--------	-------	---------	--------	---------
At 31 Mar 2025	449,575	92,515	1,137	149,292	65,127	757,646
	---------	--------	-------	---------	--------	---------
Depreciation
At 1 Apr 2024	–	64,738	811	81,670	41,522	188,741
Charge for the year	–	3,882	82	19,249	5,589	28,802
Disposals	–	–	–	( 4,453)	–	( 4,453)
	---------	--------	-------	---------	--------	---------
At 31 Mar 2025	–	68,620	893	96,466	47,111	213,090
	---------	--------	-------	---------	--------	---------
Carrying amount
At 31 Mar 2025	449,575	23,895	244	52,826	18,016	544,556
	---------	--------	-------	---------	--------	---------
At 31 Mar 2024	433,015	6,777	326	73,122	20,605	533,845
	---------	--------	-------	---------	--------	---------

The acquisition of land, included within land and buildings, amounts to £415,000, with additional transaction costs of £18,015. In accordance with financial reporting standards, the land is not subject to depreciation.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 March 2025	–
	----
At 31 March 2024	14,472
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,746,768	1,580,358
Other debtors	861,439	911,154
	------------	------------
	3,608,207	2,491,512
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	25,723	23,883
Trade creditors	1,966,931	1,479,920
Corporation tax	28,371	–
Social security and other taxes	479,268	278,491
Other creditors	581,834	73,642
	------------	------------
	3,082,127	1,855,936
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	228,359	254,308
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £107,080 (2024: £141,678) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Bank loans have been secured over land and other fixed assets belonging to the company.

9. Related party transactions

G Oakley & Sons is a related partnership. G Oakley & Sons Limited paid £18,000 in rent in respect of a lease during the year (2024: £18,000).