REGISTERED NUMBER: 03122533 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

OAKRAPID LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

G P York

Secretary:

Mrs S York

Registered office:

Unit 7 North Weylands Industrial Estate

Molesey Road

Walton On Thames

Surrey

KT12 3PL

Registered number:

03122533 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

76,213

92,184

76,213

92,184

Current assets

Stocks

83,626

26,250

Debtors

6

122,973

107,062

Cash at bank and in hand

626,951

503,067

833,550

636,379

Creditors

Amounts falling due within one year

7

376,493

274,095

Net current assets

457,057

362,284

Total assets less current liabilities

533,270

454,468

Provisions for liabilities

8

5,709

8,849

Net assets

527,561

445,619

Capital and reserves

Called up share capital

9

76,000

76,000

Retained earnings

451,561

369,619

Shareholders' funds

527,561

445,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

G P York - Director

1.	Statutory information

Oakrapid 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised

evenly over its estimated useful life of between five and twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% straight line basis

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost and 25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 14 (2023 - 14 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2023

and 30 November 2024

47,000

Amortisation

At 1 December 2023

and 30 November 2024

47,000

Net book value

At 30 November 2024

-

At 30 November 2023

-

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 December 2023

22,500

196,887

94,710

Additions

-

-

-

Disposals

-

-

-

At 30 November 2024

22,500

196,887

94,710

Depreciation

At 1 December 2023

1,350

177,436

82,527

Charge for year

225

2,945

4,502

Eliminated on disposal

-

-

-

At 30 November 2024

1,575

180,381

87,029

Net book value

At 30 November 2024

20,925

16,506

7,681

At 30 November 2023

21,150

19,451

12,183

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 December 2023

232,616

6,682

553,395

Additions

1,500

9,947

11,447

Disposals

(159,283

)

-

(159,283

)

At 30 November 2024

74,833

16,629

405,559

Depreciation

At 1 December 2023

198,457

1,441

461,211

Charge for year

6,691

4,158

18,521

Eliminated on disposal

(150,386

)

-

(150,386

)

At 30 November 2024

54,762

5,599

329,346

Net book value

At 30 November 2024

20,071

11,030

76,213

At 30 November 2023

34,159

5,241

92,184

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

110,148

93,448

Other debtors

12,825

13,614

122,973

107,062

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

80,492

73,948

Amounts owed to group undertakings

79,351

79,351

Taxation and social security

137,638

106,195

Other creditors

79,012

14,601

376,493

274,095

8.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

5,709

8,849

Deferred tax

£

Balance at 1 December 2023

8,849

Accelerated capital allowances

(3,140

)

Balance at 30 November 2024

5,709

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

76,000

Ordinary

1

76,000

76,000