R.Oakey & Sons,Limited - Filleted accounts


R.OAKEY & SONS,LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026



































Company Registration Number: 00452508

R.OAKEY & SONS,LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 9

R.OAKEY & SONS,LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026


DIRECTOR

B Oakey


SECRETARY

B Oakey


REGISTERED OFFICE

Black Bourton Road Industrial Estate
Carterton
Oxon
OX18 3EZ


COMPANY REGISTRATION NUMBER

00452508 England and Wales

R.OAKEY & SONS,LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Tangible assets	5		675,887		633,296

CURRENT ASSETS
Stock		9,000		9,000
Debtors	6	313,056		340,152
Cash at bank and in hand		736,014		704,794


		1,058,070		1,053,946

CREDITORS: Amounts falling due within one year	7	150,627		159,187
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			907,443		894,759


TOTAL ASSETS LESS CURRENT LIABILITIES			1,583,330		1,528,055

Provisions for liabilities and charges			168,972		158,324


NET ASSETS			1,414,358		1,369,731


CAPITAL AND RESERVES
Called up share capital			1,680		1,680
Share premium account			2,520		2,520
Distributable profit and loss account			1,375,623		1,330,996
Revaluation reserve			34,535		34,535


SHAREHOLDERS' FUNDS			1,414,358		1,369,731

R.OAKEY & SONS,LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




B Oakey
Director

Date approved by the board: 5 October 2026

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	R.Oakey & Sons,Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Black Bourton Road Industrial Estate
	Carterton
	Oxon
	OX18 3EZ

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of freight transport services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Land and buildings					Freehold buildings over 50 years Leasehold land and buildings over the lease term
	Motor vehicles					15% straight line
	Plant and machinery					10% straight line

	Depreciation has not been provided in respect of land and buildings. The company adopts a policy of fully maintaining these and as such the residual value is so high, and the expected useful life is so long, that the depreciation charge would be immaterial, both in terms of the depreciation charged for the period and the cumulative charge to the balance sheet.

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	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, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2026	2025
	Average number of employees	9	10

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


5	TANGIBLE ASSETS
		Land and buildings	Motor vehicles	Plant and machinery	Total
		£	£	£	£
	Cost
	At 1 April 2025	62,000	713,978	466,226	1,242,204

	Additions	-	222,956	1,621	224,577

	Disposals	-	(80,000)	(19,500)	(99,500)


	At 31 March 2026	62,000	856,934	448,347	1,367,281


	Accumulated depreciation and impairments
	At 1 April 2025	62,000	302,459	244,449	608,908

	Charge for year	-	111,965	41,121	153,086

	Disposals	-	(55,000)	(15,600)	(70,600)


	At 31 March 2026	62,000	359,424	269,970	691,394


	Net book value
	At 1 April 2025	-	411,519	221,777	633,296


	At 31 March 2026	-	497,510	178,377	675,887


	The leasehold premises were revalued on a current open market basis by Messrs Wilson Commercial on 12 January 1994 and are shown in the accounts at their revalued cost. Had the property not been revalued it would be shown in the accounts as follows:

				2026	2025
				£	£
	Historical cost			34,315	34,315
	Cumulative depreciation based on historical cost			(34,315)	(34,315)


				-	-


	The land and buildings included in the above fixed assets have been revalued as follows:
					£
	Original cost				34,315
	Revaluation in 1994				27,685


					62,000

R.OAKEY & SONS,LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


6	DEBTORS
					2026	2025
					£	£
	Trade debtors				285,454	318,721
	Prepayments and accrued income				27,602	6,506
	Other debtors				-	14,925


					313,056	340,152


7	CREDITORS: Amounts falling due within one year
					2026	2025
					£	£
	Trade creditors				52,343	97,275
	Taxation and social security				65,133	55,456
	Accruals and deferred income				5,612	6,456
	Other creditors				27,539	-


					150,627	159,187


8	SECURED DEBTS

	The company's bankers hold fixed and floating charges over the assets of the company.

9	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 March 2026
		£	£	£	£	£
	B Oakey	11,728	-	11,728	-	-

10	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:
			2026	2025
			£	£
	B Oakey
	Director and shareholder

	Advances to company	The director and shareholder has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director and shareholder the following amount:	27,539	-