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Company Registration No. 03746919 (England and Wales)
Oakleaf Heating Ltd. Unaudited accounts for the year ended 31 August 2025
Oakleaf Heating Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Oakleaf Heating Ltd. Company Information for the year ended 31 August 2025
Directors
Graham Bagley James Miller Ross St John Joseph Burnett
Company Number
03746919 (England and Wales)
- 3 -
Oakleaf Heating Ltd. Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
79,080
80,607
Current assets
Debtors
5
93,290
192,602
Cash at bank and in hand
139,509
324,096
232,799
516,698
Creditors: amounts falling due within one year
6
(139,357)
(148,078)
Net current assets
93,442
368,620
Total assets less current liabilities
172,522
449,227
Creditors: amounts falling due after more than one year
7
(78,726)
(392,008)
Provisions for liabilities
Deferred tax
(3,475)
(3,475)
Net assets
90,321
53,744
Capital and reserves
Called up share capital
290
290
Profit and loss account
90,031
53,454
Shareholders' funds
90,321
53,744
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2025 and were signed on its behalf by
Ross St John Director Company Registration No. 03746919
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Oakleaf Heating Ltd. Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Oakleaf Heating Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03746919.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Oakleaf Heating Ltd. Notes to the Accounts for the year ended 31 August 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
28,530
141,877
170,407
Additions
2,569
10,499
13,068
Disposals
-
(36,550)
(36,550)
At 31 August 2025
31,099
115,826
146,925
Depreciation
At 1 September 2024
4,533
85,267
89,800
Charge for the year
750
6,120
6,870
On disposals
-
(28,825)
(28,825)
At 31 August 2025
5,283
62,562
67,845
Net book value
At 31 August 2025
25,816
53,264
79,080
At 31 August 2024
23,997
56,610
80,607
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
66,327
181,621
Amounts due from group undertakings etc.
500
-
Accrued income and prepayments
7,569
1,685
Other debtors
18,894
9,296
93,290
192,602
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
16,290
31,559
Obligations under finance leases and hire purchase contracts
20,185
24,194
Trade creditors
67,109
47,961
Taxes and social security
34,723
34,226
Other creditors
1,050
10,138
139,357
148,078
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Oakleaf Heating Ltd. Notes to the Accounts for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
12,099
12,099
Amounts owed to group undertakings and other participating interests
63,091
-
Other creditors
-
379,909
Taxes and social security
3,536
-
78,726
392,008
8
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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