Oak International Freight Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03298813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

OAK INTERNATIONAL FREIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Kendry

E M Kendry

A P Bailey

K M Bailey

SECRETARY:

E M Kendry

REGISTERED OFFICE:

Unit 20, Kestrel Court

Harbour Road

Portishead

Bristol

BS20 7AN

REGISTERED NUMBER:

03298813 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

8,736

71,312

CURRENT ASSETS

Debtors

5

181,417

213,519

Cash at bank

321,259

396,919

502,676

610,438

CREDITORS

Amounts falling due within one year

6

219,953

342,810

NET CURRENT ASSETS

282,723

267,628

TOTAL ASSETS LESS CURRENT
LIABILITIES

291,459

338,940

CREDITORS

Amounts falling due after more than one
year

7

-

(31,856

)

PROVISIONS FOR LIABILITIES

8

(2,184

)

(13,677

)

NET ASSETS

289,275

293,407

CAPITAL AND RESERVES

Called up share capital

9

50

Capital redemption reserve

50

Retained earnings

289,175

293,307

SHAREHOLDERS' FUNDS

289,275

293,407

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2026 and were signed on its behalf by:

A P Bailey - Director

1.	STATUTORY INFORMATION

Oak International Freight 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.

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

-

20% on cost

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2025

47,437

63,169

110,606

Additions

540

-

540

Disposals

-

(58,750

)

(58,750

)

At 31 December 2025

47,977

4,419

52,396

DEPRECIATION

At 1 January 2025

32,026

7,268

39,294

Charge for year

7,832

206

8,038

Eliminated on disposal

-

(3,672

)

(3,672

)

At 31 December 2025

39,858

3,802

43,660

NET BOOK VALUE

At 31 December 2025

8,119

617

8,736

At 31 December 2024

15,411

55,901

71,312

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2025

26,450

58,750

85,200

Disposals

-

(58,750

)

(58,750

)

At 31 December 2025

26,450

-

26,450

DEPRECIATION

At 1 January 2025

16,752

3,672

20,424

Charge for year

5,290

-

5,290

Eliminated on disposal

-

(3,672

)

(3,672

)

At 31 December 2025

22,042

-

22,042

NET BOOK VALUE

At 31 December 2025

4,408

-

4,408

At 31 December 2024

9,698

55,078

64,776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

174,181

200,167

Other debtors

7,236

13,352

181,417

213,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

4,167

10,419

Hire purchase contracts

-

8,466

Trade creditors

114,077

231,499

Taxation and social security

93,877

84,218

Other creditors

7,832

8,208

219,953

342,810

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

Bank loans

-

3,531

Hire purchase contracts

-

28,325

-

31,856

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

Accelerated capital allowances

2,184

13,677

Deferred

tax

£

Balance at 1 January 2025

13,677

Accelerated capital allowances

Reversal of timing differences

(11,493

)

Balance at 31 December 2025

2,184

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

40

Ordinary 'A'

£1

40

10

Ordinary 'B'

£1

10

50

10.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date the company owed a director £1,646 (2024: £1,646).

During the year, the company was invoiced £132,869 (2024: £134,535) by Bailey International, an associated sole trade business, for freight services. At the balance sheet date, the company owed Bailey International £11,600 (2024: £20,000).

During the year, the company invoiced £Nil (2024: £126,225) to Bailey International, an associated sole trade business, for freight services provided. At the balance sheet date, the company was owed £Nil (2024: £Nil) by Bailey International.

Unless otherwise disclosed, all transactions with related parties were conducted under normal market conditions.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Bailey by virtue of his majority shareholding of the parent company.

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is Oak International Holdings Limited.

Registered office address: Suite S16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN