REGISTERED NUMBER: 10110751 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Oak Electrotechnical Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Emmerson Sewell

Mr A D Sewell

REGISTERED OFFICE:

Business Central

2 Union Square

Central Park

Darlington

DL1 1GL

REGISTERED NUMBER:

10110751 (England and Wales)

ACCOUNTANTS:

Lyons Watson

Accountants & Business Advisers

Business Central

2 Union Square

Darlington

Co. Durham

DL1 1GL

FIXED ASSETS

Tangible assets

4

361,186

389,626

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

508,985

901,131

Cash at bank and in hand

160,712

669,457

671,697

1,572,588

CREDITORS

Amounts falling due within one year

455,127

1,281,170

NET CURRENT ASSETS

216,570

291,418

TOTAL ASSETS LESS CURRENT LIABILITIES

577,756

681,044

CREDITORS

Amounts falling due after more than one year

5

(177,677

)

(207,293

)

PROVISIONS FOR LIABILITIES

(79,224

)

(97,407

)

NET ASSETS

320,855

376,344

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

320,755

376,244

320,855

376,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 January 2026 and were signed on its behalf by:

Mr A D Sewell - Director

Mrs K Emmerson Sewell - Director

1.	STATUTORY INFORMATION

Oak Electrotechnical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the going concern basis of accounting.

Turnover

Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

561,446

Additions

154,293

Disposals

(85,682

)

At 30 April 2025

630,057

DEPRECIATION

At 1 May 2024

171,820

Charge for year

118,060

Eliminated on disposal

(21,009

)

At 30 April 2025

268,871

NET BOOK VALUE

At 30 April 2025

361,186

At 30 April 2024

389,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2024

330,586

Additions

70,450

Disposals

(28,692

)

At 30 April 2025

372,344

DEPRECIATION

At 1 May 2024

109,135

Charge for year

69,588

Eliminated on disposal

(21,009

)

At 30 April 2025

157,714

NET BOOK VALUE

At 30 April 2025

214,630

At 30 April 2024

221,451

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30/4/25

30/4/24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

467

6,945