REGISTERED NUMBER: 01305201 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

WILLIAMS AND OAKEY ENGINEERING

COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Oakey

S Oakey

M R N Oakey

SECRETARY:

F Taylor

REGISTERED OFFICE:

Radstock Road

Midsomer Norton

Bath

BA3 2AA

REGISTERED NUMBER:

01305201 (England and Wales)

ACCOUNTANTS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Tangible assets

4

773,068

867,207

CURRENT ASSETS

Stocks

347,602

327,043

Debtors

5

727,851

575,536

Cash at bank and in hand

902

134,039

1,076,355

1,036,618

CREDITORS

Amounts falling due within one year

6

618,498

586,274

NET CURRENT ASSETS

457,857

450,344

TOTAL ASSETS LESS CURRENT LIABILITIES

1,230,925

1,317,551

CREDITORS

Amounts falling due after more than one year

7

18,378

-

NET ASSETS

1,212,547

1,317,551

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Revaluation reserve

9

282,107

282,107

Retained earnings

830,440

935,444

SHAREHOLDERS' FUNDS

1,212,547

1,317,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 12 August 2026 and were signed on its behalf by:

R W Oakey - Director

S Oakey - Director

1.	STATUTORY INFORMATION

Williams and Oakey Engineering Company 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of precision engineering services provided, excluding value added tax, together with revenue earned but not billed at the balance sheet date. Such revenue is recognised at the sales value of work at the stage of completion at the balance sheet date, but not billed at that date, and is accounted for as work in progress within the balance sheet.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20%,17.5%,12.5%,10% on reducing balance

Fixtures and fittings

-

10% and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional depreciation charge on the historical cost of those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

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.

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.

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 64 (2025 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2025

898,417

4,308,274

49,381

78,978

5,335,050

Additions

-

30,000

-

38,500

68,500

Disposals

-

(715,956

)

-

-

(715,956

)

At 31 March 2026

898,417

3,622,318

49,381

117,478

4,687,594

DEPRECIATION

At 1 April 2025

224,134

4,124,090

47,885

71,734

4,467,843

Charge for year

16,268

79,408

220

9,570

105,466

Eliminated on disposal

-

(658,783

)

-

-

(658,783

)

At 31 March 2026

240,402

3,544,715

48,105

81,304

3,914,526

NET BOOK VALUE

At 31 March 2026

658,015

77,603

1,276

36,174

773,068

At 31 March 2025

674,283

184,184

1,496

7,244

867,207

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2010

141,987

-

-

-

141,987

Valuation in 2016

141,100

-

-

-

141,100

Cost

615,330

3,622,318

49,381

117,478

4,404,507

898,417

3,622,318

49,381

117,478

4,687,594

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

615,330

615,330

Aggregate depreciation

169,195

169,195

Freehold property was valued on an open market basis on 31 March 2016 by Alder King, property consultants .

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

Motor

vehicles

£

COST OR VALUATION

Additions

38,500

At 31 March 2026

38,500

DEPRECIATION

Charge for year

6,418

At 31 March 2026

6,418

NET BOOK VALUE

At 31 March 2026

32,082

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

682,563

523,355

Other debtors

1,494

2,069

Prepayments

43,794

50,112

727,851

575,536

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

121,183

-

Other loans

13,000

-

Hire purchase contracts

7,876

-

Trade creditors

213,014

352,256

Tax

-

3

Social security and other taxes

38,782

33,583

VAT

162,131

119,857

Other creditors

12,439

12,372

Directors' current accounts

23,272

23,272

Accruals and deferred income

26,801

44,931

618,498

586,274

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

18,378

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary A

£1

100

100

99,900

Ordinary B

£1

99,900

99,900

100,000

100,000

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

282,107

10.	RELATED PARTY DISCLOSURES

Creditors in the notes to the accounts includes £23,272 (2025: £23,272) owed to the directors.

11.	ULTIMATE CONTROLLING PARTY

Williams & Oakey Engineering Company Limited is under the control of the estate of the late Mr R G Williams, Mr R W Oakey and Mr S Oakey, who together own all of the ordinary A voting shares.