REGISTERED NUMBER: 08949925 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Oakfield Refurbishments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

57,940

51,852

CURRENT ASSETS

Stocks

70,000

70,000

Debtors

5

115,256

102,686

Cash at bank

7,117

7,331

192,373

180,017

CREDITORS

Amounts falling due within one year

6

194,773

171,064

NET CURRENT (LIABILITIES)/ASSETS

(2,400

)

8,953

TOTAL ASSETS LESS CURRENT LIABILITIES

55,540

60,805

CREDITORS

Amounts falling due after more than one year

7

(40,916

)

(47,692

)

PROVISIONS FOR LIABILITIES

(14,485

)

(12,963

)

NET ASSETS

139

150

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39

50

139

150

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

F Brennan - Director

L Wells - Director

1.	STATUTORY INFORMATION

Oakfield Refurbishments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08949925

Registered office:

184 Unit 3 Camford Way

Sundon Park

Luton

Bedfordshire

LU3 3AN

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on reducing balance

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.

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2025

1,000

71,602

72,602

Additions

-

24,982

24,982

Disposals

-

(21,130

)

(21,130

)

At 31 December 2025

1,000

75,454

76,454

DEPRECIATION

At 1 January 2025

1,000

19,750

20,750

Charge for year

-

13,964

13,964

Eliminated on disposal

-

(16,200

)

(16,200

)

At 31 December 2025

1,000

17,514

18,514

NET BOOK VALUE

At 31 December 2025

-

57,940

57,940

At 31 December 2024

-

51,852

51,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

58,601

68,753

Other debtors

13,332

21,267

Directors' current accounts

30,203

-

VAT

13,120

12,666

115,256

102,686

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

32,904

10,000

Other loans (see note 8)

19,909

21,270

Hire purchase contracts

14,353

13,853

Trade creditors

35,192

54,619

Tax

32,763

15,517

Other creditors

39,727

49,075

Accrued expenses

19,925

6,730

194,773

171,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

9,167

Hire purchase contracts

40,916

38,525

40,916

47,692

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

23,737

-

Bank loans

9,167

10,000

Other loans

19,909

21,270

52,813

31,270

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

9,167

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed £30,203 (2024: £nil) to the business. There are no terms relating to repayment of capital and no interest is charged on this loan.