Company registration number: 06699831
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
Oak Insulation Ltd
Pages for filing with the Registrar
Company registration number: 06699831
Oak Insulation Ltd
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 30,000 30,000
Tangible assets 5 18,055 22,315
48,055 52,315
Current assets
Stocks 4,550 4,900
Debtors 6 10,781 50,706
Cash at bank and in hand 83,311 78,886
98,642 134,492
Creditors: amounts falling due within one
year 		7 (146,646) (179,546)
Net current liabilities (48,004) (45,054)
Total assets less current liabilities 51 7,261
NET ASSETS 51 7,261
Capital and reserves
Called up share capital 300 300
Profit and loss account (249) 6,961
TOTAL EQUITY 51 7,261
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 06699831
Oak Insulation Ltd
Balance sheet - continued
as at 31 October 2025
The 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, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 19 May 2026 and signed on its behalf by:
Mr T Cottee, Director Mr P Cottee, Director
19 May 2026 19 May 2026
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Oak Insulation Ltd
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
Oak Insulation Ltd is a private company registered in England and Wales. Its registered number is 06699831. The company is limited by shares. Its registered office is Unit 9-10 Bexon Court, Foxhill Road East, Carlton, Nottinghamshire, NG4 1SQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - The directors have decided not to amortise the goodwill
purchased.
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 etc.:
Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 15% reducing balance
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Oak Insulation Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
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 taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Intangible assets
Goodwill
£
Cost
At 1 November 2024 30,000
At 31 October 2025 30,000
Amortisation
At 31 October 2025 -
Net book value
At 31 October 2025 30,000
At 31 October 2024 30,000
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Oak Insulation Ltd
Notes to the financial statements - continued
for the year ended 31 October 2025
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2024 37,961
Additions 1,315
At 31 October 2025 39,276
Depreciation
At 1 November 2024 15,646
Charge for year 5,575
At 31 October 2025 21,221
Net book value
At 31 October 2025 18,055
At 31 October 2024 22,315
6 Debtors
2025 2024
£ £
Trade debtors 9,565 49,614
Prepayments and accrued income 1,216 1,092
10,781 50,706
7 Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to directors 132,931 144,930
Taxation 9,362 15,847
Social security and other tax 317 277
Accruals and deferred income 4,036 18,492
146,646 179,546
8 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.
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