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Registered number: 04296557
Oakbay Services Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04296557
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,551 47,944
42,551 47,944
CURRENT ASSETS
Stocks 5 112,500 102,000
Debtors 6 32,560 32,709
Cash at bank and in hand 289,971 271,179
435,031 405,888
Creditors: Amounts Falling Due Within One Year 7 (192,140 ) (178,484 )
NET CURRENT ASSETS (LIABILITIES) 242,891 227,404
TOTAL ASSETS LESS CURRENT LIABILITIES 285,442 275,348
Creditors: Amounts Falling Due After More Than One Year 8 - (1,511 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (3,373 ) (4,397 )
NET ASSETS 282,069 269,440
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 281,969 269,340
SHAREHOLDERS' FUNDS 282,069 269,440
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F Loughlin
Director
29 October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Oakbay Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04296557 . The registered office is 99 Stanley Road, Bootle, Liverpool, L20 7DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Freehold land is not depreciated. The director has assessed the carrying value of the freehold property and concluded that no depreciation charge is required as the estimated residual value is not less than the carrying amount of the asset. The asset is reviewed annually for impairment.
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 13)
11 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 November 2024 24,800 161,583 47,615 25,801 259,799
Additions - - - 208 208
As at 31 October 2025 24,800 161,583 47,615 26,009 260,007
Depreciation
As at 1 November 2024 - 157,997 29,002 24,856 211,855
Provided during the period - 717 4,653 231 5,601
As at 31 October 2025 - 158,714 33,655 25,087 217,456
Net Book Value
As at 31 October 2025 24,800 2,869 13,960 922 42,551
As at 1 November 2024 24,800 3,586 18,613 945 47,944
5. Stocks
2025 2024
£ £
Stock 112,500 102,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 30,639 32,709
Other debtors 1,921 -
32,560 32,709
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 146,558 145,205
Bank loans and overdrafts 2,022 12,000
Other creditors 7,716 3,866
Taxation and social security 35,844 17,413
192,140 178,484
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 1,511
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 3,373 4,397
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Going Concern
The director has assessed the company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements and considers it appropriate to prepare the financial statements on that basis. No material uncertainties have been identified that may cast significant doubt on the company's ability to continue as a going concern.
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