REGISTERED NUMBER: 04974921 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Oracle Drive Systems Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr John Martin Mullins

Mr David Martin Sheridan

Mr Andrew Michael Withers

Mrs Hillary Ann Sheridan

REGISTERED OFFICE:

Unit B1 Wear House

Birchwood Drive

Bracken Hill Business Park

Peterlee

Durham

SR8 2RS

REGISTERED NUMBER:

04974921 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool Office

Chartered Certified Accountants

7 Bankside

The Watermark

Gateshead

Tyne and Wear

NE11 9SY

FIXED ASSETS

Intangible assets

4

6,915

9,684

Tangible assets

5

18,724

23,214

25,639

32,898

CURRENT ASSETS

Stocks

737,308

788,964

Debtors

614,436

641,098

Cash at bank

90,705

217,333

1,442,449

1,647,395

CREDITORS

Amounts falling due within one year

186,624

147,563

NET CURRENT ASSETS

1,255,825

1,499,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,281,464

1,532,730

PROVISIONS FOR LIABILITIES

7,879

7,879

NET ASSETS

1,273,585

1,524,851

CAPITAL AND RESERVES

Called up share capital

2,950

2,950

Capital redemption reserve

7,050

7,050

Retained earnings

1,263,585

1,514,851

1,273,585

1,524,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr David Martin Sheridan - Director

1.	STATUTORY INFORMATION

Oracle Drive Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

and 31 October 2025

13,847

AMORTISATION

At 1 November 2024

4,163

Amortisation for year

2,769

At 31 October 2025

6,932

NET BOOK VALUE

At 31 October 2025

6,915

At 31 October 2024

9,684

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

201,477

Additions

5,645

At 31 October 2025

207,122

DEPRECIATION

At 1 November 2024

178,263

Charge for year

10,135

At 31 October 2025

188,398

NET BOOK VALUE

At 31 October 2025

18,724

At 31 October 2024

23,214