Company Registration No. 07100632 (England and Wales)
FRAZER'S OF OXFORD LIMITED
Cessation accounts
for the year ended 31 March 2022
FRAZER'S OF OXFORD LIMITED
Cessation accounts
Contents
FRAZER'S OF OXFORD LIMITED
Company Information
for the year ended 31 March 2022
Directors
Natasha Carter
Elizabeth Lynn Hobbs
Company Number
07100632 (England and Wales)
Registered Office
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OX12 8AT
United Kingdom
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
FRAZER'S OF OXFORD LIMITED
Accountants' report
Accountants' report to the board of directors of FRAZER'S OF OXFORD LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FRAZER'S OF OXFORD LIMITED for the year ended
31 March 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FRAZER'S OF OXFORD LIMITED, as a body, in accordance with the terms of our engagement letter dated 10 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of FRAZER'S OF OXFORD LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FRAZER'S OF OXFORD LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FRAZER'S OF OXFORD LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FRAZER'S OF OXFORD LIMITED. You consider that FRAZER'S OF OXFORD LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FRAZER'S OF OXFORD LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
11 August 2022
FRAZER'S OF OXFORD LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
14,907
22,975
Creditors: amounts falling due within one year
-
(33,450)
Net current assets
14,907
1,558
Total assets less current liabilities
14,907
18,982
Creditors: amounts falling due after more than one year
(40,185)
(15,634)
Net (liabilities)/assets
(25,278)
3,348
Called up share capital
2
2
Profit and loss account
(25,280)
3,346
Shareholders' funds
(25,278)
3,348
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2022 and were signed on its behalf by
Natasha Carter
Director
Company Registration No. 07100632
FRAZER'S OF OXFORD LIMITED
Notes to the Accounts
for the year ended 31 March 2022
FRAZER'S OF OXFORD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07100632. The registered office is POST OFFICE VAULTS, 4 MARKET PLACE, WANTAGE, OX12 8AT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
FRAZER'S OF OXFORD LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
4,228
52,985
7,622
64,835
Disposals
(4,228)
(52,985)
(7,622)
(64,835)
At 1 April 2021
3,990
35,799
7,622
47,411
On disposals
(3,990)
(35,799)
(7,622)
(47,411)
At 31 March 2021
238
17,186
-
17,424
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
25,545
Taxes and social security
-
4,091
Loans from directors
-
1,100
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).