Oaklair Limited - Filleted accounts

Registered number

01567138

Oaklair Limited

Filleted Accounts

31 October 2025

Oaklair Limited
Registered number:		01567138
Directors' Report

The directors present their report and accounts for the year ended 31 October 2025.

Principal activities
The company's principal activity during the year continued to be that of manufacturer of consumer goods packaging.

Directors
The following persons served as directors during the year:

	Mr A W Gale
	Mr J D Gale
	Mrs A L Gale

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 6 October 2026 and signed on its behalf.





Mrs A L Gale
Director

Oaklair Limited
Registered number:		01567138
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		308,984			324,363

Current assets
Stocks		40,046			59,272
Debtors	4	311,501			331,433
Cash at bank and in hand		111,779			170,959
		463,326			561,664

Creditors: amounts falling due within one year	5	(225,043)			(261,955)

Net current assets			238,283			299,709

Total assets less current liabilities			547,267			624,072

Creditors: amounts falling due after more than one year	6		(80,352)			(75,735)

Provisions for liabilities			(73,658)			(77,325)


Net assets			393,257			471,012

Capital and reserves
Called up share capital			102			102
Profit and loss account			393,155			470,910

Shareholders' funds			393,257			471,012

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs A L Gale
Director
Approved by the board on 6 October 2026

Oaklair Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			straight line over the period of the lease
	Plant and machinery			20-25% straight line
	Fixtures, fittings, tools and equipment			25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 November 2024	17,784		817,103		67,700		902,587
	Additions	-		48,590		47,922		96,512
	At 31 October 2025	17,784		865,693		115,622		999,099

	Depreciation
	At 1 November 2024	2,718		553,550		21,956		578,224
	Charge for the year	712		88,078		23,101		111,891
	At 31 October 2025	3,430		641,628		45,057		690,115

	Net book value
	At 31 October 2025	14,354		224,065		70,565		308,984
	At 31 October 2024	15,066		263,553		45,744		324,363


4	Debtors					2025		2024
£							£

	Trade debtors					179,103		224,863
	Other debtors					132,398		106,570
						311,501		331,433


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					7,492		10,072
	Obligations under finance lease and hire purchase contracts					29,392		31,023
	Trade creditors					86,552		65,988
	Taxation and social security costs					86,922		141,877
	Other creditors					14,685		12,995
						225,043		261,955


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		7,420
	Obligations under finance lease and hire purchase contracts					80,352		68,315
						80,352		75,735


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					25,000		22,000


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mrs A L Gale
	Directors loan	33,984		51,761		(43,719)		42,026

	Mr J D Gale
	Directors loan	24,081		37,800		(41,800)		20,081


		58,065		89,561		(85,519)		62,107

	Interest has been charged on all Director's loans at the official HMRC interest rate.



9	Controlling party

	Mrs A L Gale, own 61% of the issued share capital of the company and, as such control the company. Mrs A L Gale is a director.


10	Other information

	Oaklair Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit F
	Clay Hall Farm
	Fakenham Road, Great Witchingham
	Norfolk
	NR9 5QS