Oakbank Plant Hire Limited 31/03/2025 iXBRL

Company registration number: SC570673

Oakbank Plant Hire Limited

Unaudited filleted financial statements

31 March 2025

Oakbank Plant Hire Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Oakbank Plant Hire Limited

Directors and other information


	Directors	Mr D Bogie
		Mr S Bogie


	Company number	SC570673


	Registered office	Mosspark
		Brasswell
		Dumfries
		DG1 4PH


	Accountants	Carson & Trotter
		123 Irish Street
		Dumfries
		DG1 2PE

Oakbank Plant Hire Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Oakbank Plant Hire Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oakbank Plant Hire Limited for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Oakbank Plant Hire Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Oakbank Plant Hire Limited and state those matters that we have agreed to state to the board of directors of Oakbank Plant Hire Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oakbank Plant Hire Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Oakbank Plant Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oakbank Plant Hire Limited. You consider that Oakbank Plant Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oakbank Plant Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carson & Trotter

Chartered Accountants

123 Irish Street

Dumfries

DG1 2PE

23 December 2025

Oakbank Plant Hire Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	842,046		577,772
		_______		_______
			842,046		577,772

Current assets
Stocks		1,700		2,690
Debtors	6	514,046		516,033
Cash at bank and in hand		122,298		147,615
		_______		_______
		638,044		666,338
Creditors: amounts falling due
within one year	7	( 732,032)		( 733,606)
		_______		_______
Net current liabilities			( 93,988)		( 67,268)
			_______		_______
Total assets less current liabilities			748,058		510,504

Creditors: amounts falling due
after more than one year	8		( 193,244)		( 171,772)

Provisions for liabilities			( 126,396)		( 72,378)

			_______		_______
Net assets			428,418		266,354
			_______		_______

Capital and reserves
Called up share capital	9		2		2
Profit and loss account			428,416		266,352
			_______		_______
Shareholders funds			428,418		266,354
			_______		_______

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S Bogie

Director

Company registration number: SC570673

Oakbank Plant Hire Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mosspark, Brasswell, Dumfries, DG1 4PH.

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, 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.

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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 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.

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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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	-	20% reducing balance on a pro-rata basis
Fixtures and fittings	-	20% reducing balance on a pro-rata basis
Motor vehicles	-	20% reducing balance on a pro-rata basis

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. 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 are largely independent of the cash inflows from other assets or groups of assets.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into Basic Financial Instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans with related parties.All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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 in finance costs 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 29 (2024: 22 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	753,859	-	175,350	929,209
Additions	544,863	12,757	-	557,620
Disposals	( 182,788)	-	( 79,197)	( 261,985)
	_______	_______	_______	_______
At 31 March 2025	1,115,934	12,757	96,153	1,224,844
	_______	_______	_______	_______
Depreciation
At 1 April 2024	293,794	-	57,643	351,437
Charge for the year	109,180	2,339	22,230	133,749
Disposals	( 53,274)	-	( 49,114)	( 102,388)
	_______	_______	_______	_______
At 31 March 2025	349,700	2,339	30,759	382,798
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	766,234	10,418	65,394	842,046
	_______	_______	_______	_______
At 31 March 2024	460,065	-	117,707	577,772
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	530,087	438,961
Other debtors	( 16,041)	77,072
	_______	_______
	514,046	516,033
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	40,000	40,000
Trade creditors	186,501	320,774
Social security and other taxes	63,059	48,305
Other creditors	442,472	324,527
	_______	_______
	732,032	733,606
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	20,000	63,333
Other creditors	173,244	108,439
	_______	_______
	193,244	171,772
	_______	_______

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	2	2	2	2
	_______	_______	_______	_______

10. Related party transactions

Sales and purchases between related parties are made at normal market prices. Outstanding balances with entities are unsecured, interest free and cash settlement is expected within 60 days of invoice. The Company has not provided or benefited from any guarantees for any related party receivables or payables. During the year ended 31st March 2025, the company has not made any provision for doubtful debts relating to amounts owed by a related party (2024: nil).There are connected company loans of £100,000 owed by the company, there is no interest accruing on these loans and they are repayable to the lenders of the company on having received notice.At the year-end there was a balance of £52,247 owed by the company to other connected companies. Sales between the company and other connected companies totalled £1,284,007 and purchases by the company from other connected companies totalled £650,375 for the year ended 31st March 2025. There were no dividends declared during the year.