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Registered number: 08767874
Oakes Electrical Solutions Limited
Financial Statements
For The Year Ended 30 November 2025
NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08767874
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,322 190,420
153,322 190,420
CURRENT ASSETS
Stocks 5 11,902 19,844
Debtors 6 994,560 765,434
Cash at bank and in hand 72,653 109,396
1,079,115 894,674
Creditors: Amounts Falling Due Within One Year 7 (816,905 ) (662,264 )
NET CURRENT ASSETS (LIABILITIES) 262,210 232,410
TOTAL ASSETS LESS CURRENT LIABILITIES 415,532 422,830
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,616 ) (35,918 )
NET ASSETS 386,916 386,912
CAPITAL AND RESERVES
Called up share capital 8 10 10
Income Statement 386,906 386,902
SHAREHOLDERS' FUNDS 386,916 386,912
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Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr D Oakes
Director
16th April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakes Electrical Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08767874 . The registered office is 14 Victoria Square, Droitwich Spa, WR9 8DS.
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.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 36,394 280,456 52,607 35,032 404,489
Additions 3,022 - 5,362 5,640 14,024
As at 30 November 2025 39,416 280,456 57,969 40,672 418,513
...CONTINUED
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Depreciation
As at 1 December 2024 24,790 141,689 21,538 26,052 214,069
Provided during the period 3,658 34,695 9,107 3,662 51,122
As at 30 November 2025 28,448 176,384 30,645 29,714 265,191
Net Book Value
As at 30 November 2025 10,968 104,072 27,324 10,958 153,322
As at 1 December 2024 11,604 138,767 31,069 8,980 190,420
5. Stocks
2025 2024
£ £
Stock 11,902 19,844
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 482,102 451,423
Amounts owed by group undertakings 456,577 255,666
Other debtors 55,881 58,345
994,560 765,434
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 99,481 87,773
Other creditors 621,834 476,554
Taxation and social security 95,590 97,937
816,905 662,264
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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