Oakwood Haulage Limited iXBRL

Oakwood Haulage Limited

Unaudited Financial Statements

for the financial year ended 31 March 2026

Oakwood Haulage Limited

Company Registration Number: 01486733

STATEMENT OF FINANCIAL POSITION

as at 31 March 2026

		2026	2025
	Notes	£	£

Non-Current Assets

Property, plant and equipment

2,100,415

2,100,623

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Current Assets

Debtors

5,676

3,246

Cash and cash equivalents

143,613

136,340

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149,289

139,586

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Creditors: amounts falling due within one year

(40,180)

(43,385)

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Net Current Assets

109,109

96,201

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Total Assets less Current Liabilities

2,209,524

2,196,824

Creditors:

amounts falling due after more than one year

(5,291)

(5,291)

Provisions for liabilities

(308,760)

(308,808)

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Net Assets

1,895,473

1,882,725

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Capital and Reserves

Called up share capital

1,250

1,250

Revaluation reserve

1,315,886

1,315,886

Other reserves

1,250

1,250

Retained earnings

577,087

564,339

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Equity attributable to owners of the company

1,895,473

1,882,725

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 5 August 2026 and signed on its behalf by



________________________________
Mr Christopher John Young
Director

Oakwood Haulage Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Oakwood Haulage Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 01486733. The registered office of the company is Tanglewood, Scudders Hill, Fawkham, Longfield, Kent, DA3 8PA. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in Sterling, which is the functional currency of the entity, and to the nearest ?1.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Straight line

Motor vehicles

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 4, (2025 - 4).


4.	Property, plant and equipment
		Investment	Plant and	Motor	Total
		properties	machinery	vehicles

		£	£	£	£
	Cost
	At 1 April 2025	2,100,000	15,046	82,378	2,197,424
		─────────	─────────	─────────	─────────

	At 31 March 2026	2,100,000	15,046	82,378	2,197,424
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 April 2025	-	14,423	82,378	96,801
	Charge for the financial year	-	208	-	208
		─────────	─────────	─────────	─────────
	At 31 March 2026	-	14,631	82,378	97,009
		─────────	─────────	─────────	─────────
	Net book value
	At 31 March 2026	2,100,000	415	-	2,100,415
		═════════	═════════	═════════	═════════
	At 31 March 2025	2,100,000	623	-	2,100,623
		═════════	═════════	═════════	═════════


5.	Debtors	2026	2025
		£	£

	Trade debtors	457	524
	Directors' current accounts (Note 9)	2,574	363
	Taxation	985	659
	Prepayments and accrued income	1,660	1,700
		─────────	─────────
		5,676	3,246
		═════════	═════════


6.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Taxation	36,174	40,035
	Other creditors	6	-
	Accruals	4,000	3,350
		─────────	─────────
		40,180	43,385
		═════════	═════════


7.	Creditors	2026	2025
	Amounts falling due after more than one year	£	£

	Tenant Deposits	5,291	5,291
		═════════	═════════

	Tenant Deposits
	Repayable between one and two years	5,291	5,291
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Property

Total

Total

allowances

revaluations

2026

2025

At financial year start

143

308,665

308,808

311,535

Charged to profit and loss

(48)

(48)

(2,727)

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At financial year end

308,665

308,760

308,808

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Directors' advances, credits and guarantees

Included in other debtors is £2,574 (2025: £363 DR) owed from the director of the company in respect of their directors' loan account. This loan is unsecured, interest free and repayable on demand.


10.	Operating lease agreements where the company is a lessor

	The company holds investment properties, as disclosed in note 4, which are let to third parties. These non-cancellable leases have remaining terms up to 5 years. Future minimum rentals receivable under non-cancellable operating leases are as follows:

		2026	2025
		£	£

	After one year but not more than five years	486,110	692,598
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