The Old Oak Import Co Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04909735

The Old Oak Import Co Ltd

Filleted Unaudited Financial Statements

30 September 2025

The Old Oak Import Co Ltd

Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	32,198	35,530

Current assets

Stocks		12,610	12,300
Debtors	6	20,216	70,410
Cash at bank and in hand		5,016	19,039
		--------	---------
		37,842	101,749

Creditors: amounts falling due within one year	7	53,081	104,475
		--------	---------
Net current liabilities		15,239	2,726
		--------	--------
Total assets less current liabilities		16,959	32,804

Creditors: amounts falling due after more than one year	8	23,065	29,238

Provisions	870	2,161
	--------	--------
Net (liabilities)/assets	( 6,976)	1,405
	--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 6,978)	1,403
	-------	-------
Shareholders (deficit)/funds	( 6,976)	1,405
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

The Old Oak Import Co Ltd

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr L Oliver

Director

Company registration number: 04909735

The Old Oak Import Co Ltd

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hole In The Wall Overton Road, Bangor-On-Dee, Wrexham, LL13 0DA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis. The director considers this basis to be appropriate because of the continuing financial support provided by the company's lenders. A deferred tax asset in respect of the taxable losses incurred has been included due to the steps taken to improve the trading position with a view to improved profitability.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts, volume rebates and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2024	57,615	29,120	1,355	88,090
Additions	2,357	–	–	2,357
	--------	--------	-------	--------
At 30 September 2025	59,972	29,120	1,355	90,447
	--------	--------	-------	--------
Depreciation
At 1 October 2024	30,073	21,189	1,298	52,560
Charge for the year	4,485	1,190	14	5,689
	--------	--------	-------	--------
At 30 September 2025	34,558	22,379	1,312	58,249
	--------	--------	-------	--------
Carrying amount
At 30 September 2025	25,414	6,741	43	32,198
	--------	--------	-------	--------
At 30 September 2024	27,542	7,931	57	35,530
	--------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	6,630	58,092
Other debtors	13,586	12,318
	--------	--------
	20,216	70,410
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,379	6,379
Trade creditors	146	31,901
Social security and other taxes	43,000	61,023
Other creditors	3,556	5,172
	--------	---------
	53,081	104,475
	--------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	23,065	29,238
	--------	--------

9. Directors' advances, credits and guarantees

The directors operate a loan account with the company. At the start of the year the balance was £12,318 dr (2024 - £4,093 dr) and at the balance sheet date the balance is £13,586 dr (2024 - £12,318 dr). The loan is repayable upon demand.