Company registration number 03238661 (England and Wales)
Oates Contracting Services Limited
UNAUDITED FINANCIAL STATEMENTS
Financial Statements
for the year ended 31 May 2025
PAGES FOR FILING WITH REGISTRAR
Oates Contracting Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Oates Contracting Services Limited
Statement of financial position
as at 31 May 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
126,687
72,247
Current assets
Stocks
14,092
14,295
Debtors
44,836
76,923
Cash at bank and in hand
250,413
150,719
309,341
241,937
Creditors: amounts falling due within one year
(133,269)
(78,715)
Net current assets
176,072
163,222
Total assets less current liabilities
302,759
235,469
Creditors: amounts falling due after more than one year
(3,039)
(17,472)
Provisions for liabilities
(20,914)
-
Net assets
278,806
217,997
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
278,656
217,847
Total equity
278,806
217,997
Oates Contracting Services Limited
Statement of financial position (continued)
as at 31 May 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 February 2026 and are signed on its behalf by:
C Bambrough-Oates
Director
Company registration number 03238661 (England and Wales)
Oates Contracting Services Limited
Notes to the financial statements
for the year ended 31 May 2025
- 3 -
1
Accounting policies
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Oates Contracting Services Limited
Notes to the financial statements (continued)
for the year ended 31 May 2025
1
Accounting policies
(continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
Oates Contracting Services Limited
Notes to the financial statements (continued)
for the year ended 31 May 2025
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2024
1,987
24,163
8,322
111,213
145,685
Additions
4,200
5,049
249
93,859
103,357
Disposals
-
0
-
0
-
0
(65,969)
(65,969)
At 31 May 2025
6,187
29,212
8,571
139,103
183,073
Depreciation and impairment
At 1 June 2024
664
12,483
3,983
56,308
73,438
Depreciation charged in the year
272
1,700
756
14,493
17,221
Eliminated in respect of disposals
-
0
-
0
-
0
(34,273)
(34,273)
At 31 May 2025
936
14,183
4,739
36,528
56,386
Carrying amount
At 31 May 2025
5,251
15,029
3,832
102,575
126,687
At 31 May 2024
1,323
11,680
4,339
54,905
72,247
4
Company information

Oates Contracting Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35a Ings Road, Off Garden Street, Wakefield, West Yorkshire, WF1 1DY.

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