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Registered number: 10862887
OAK SMART TECHNOLOGY LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Fusion Accountants Ltd
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors Fatih Haltas
Onur Demirbas
Company Number 10862887
Registered Office St George’S House
6 St. George's Way
Leicester, England
LE1 1QZ
Accountants Fusion Accountants Ltd
Profile West, 950 Great West Road
Suite E, Ground floor
Brentford
TW8 9ES
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of OAK SMART TECHNOLOGY LIMITED for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of OAK SMART TECHNOLOGY LIMITED for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of OAK SMART TECHNOLOGY LIMITED , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of OAK SMART TECHNOLOGY LIMITED and state those matters that we have agreed to state to the directors of OAK SMART TECHNOLOGY LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OAK SMART TECHNOLOGY LIMITED and its directors, as a body, for our work or for this report.
It is your duty to ensure that OAK SMART TECHNOLOGY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of OAK SMART TECHNOLOGY LIMITED . You consider that OAK SMART TECHNOLOGY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of OAK SMART TECHNOLOGY 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 financial statements.
23/12/2025
Fusion Accountants Ltd
Profile West, 950 Great West Road
Suite E, Ground floor
Brentford
TW8 9ES
Page 2
Page 3
Balance Sheet
Registered number: 10862887
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,674 126,670
Investments 5 1,756,291 1,756,291
1,811,965 1,882,961
CURRENT ASSETS
Debtors 6 1,458,135 5,252,820
Cash at bank and in hand 647,049 85,328
2,105,184 5,338,148
Creditors: Amounts Falling Due Within One Year 7 1,607,117 (357,846 )
NET CURRENT ASSETS (LIABILITIES) 3,712,301 4,980,302
TOTAL ASSETS LESS CURRENT LIABILITIES 5,524,266 6,863,263
NET ASSETS 5,524,266 6,863,263
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 5,524,166 6,863,163
SHAREHOLDERS' FUNDS 5,524,266 6,863,263
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.
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.
The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:
Fatih Haltas
Director
23/12/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
OAK SMART TECHNOLOGY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10862887 . The registered office is St George’S House, 6 St. George's Way, Leicester, England, LE1 1QZ.
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.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery straight line method over 5 years.
Motor Vehicles SLM over 4 to 5 years & RBM 20% to 30%.
Computer Equipment straight line method over 3 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 16)
18 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 28,993 246,478 38,348 313,819
Additions - - 1,738 1,738
Disposals - (146,044 ) (7,818 ) (153,862 )
As at 31 March 2025 28,993 100,434 32,268 161,695
Depreciation
As at 1 April 2024 19,421 133,855 33,873 187,149
Provided during the period 4,397 23,960 3,696 32,053
Disposals - (105,363 ) (7,818 ) (113,181 )
As at 31 March 2025 23,818 52,452 29,751 106,021
Net Book Value
As at 31 March 2025 5,175 47,982 2,517 55,674
As at 1 April 2024 9,572 112,623 4,475 126,670
Page 4
Page 5
5. Investments
Subsidiaries Other Total
£ £ £
Cost or Valuation
As at 1 April 2024 1,326,291 430,000 1,756,291
As at 31 March 2025 1,326,291 430,000 1,756,291
Provision
As at 1 April 2024 - - -
As at 31 March 2025 - - -
Net Book Value
As at 31 March 2025 1,326,291 430,000 1,756,291
As at 1 April 2024 1,326,291 430,000 1,756,291
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (1,821,867 ) (1,009,466 )
Amounts owed by group undertakings 1,972,561 5,683,566
Other debtors 1,307,441 578,720
1,458,135 5,252,820
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1,670,417 ) 180,887
Bank loans and overdrafts 823 12,977
Other creditors 46,808 16,566
Taxation and social security 15,669 147,416
(1,607,117 ) 357,846
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
100 Ordinary shares of £1 each
9. Related Party Transactions
As of 31st March 2025, amounts owed by group undertakings etc. included a balance of £1,972,561 owed from companies under common control. The loan is interest-free and repayable on demand.
As of 31st March 2025, other debtors included a balance of £233,239 owed from companies under common control. The loan is free of interest and repayable on demand.
Page 5