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Company Registration No. 11353346 (England and Wales)
Ox Overland Ltd Unaudited accounts for the year ended 31 May 2023
Ox Overland Ltd Unaudited accounts Contents
Page
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Ox Overland Ltd Company Information for the year ended 31 May 2023
Directors
Dean Lutton Tina Lutton
Company Number
11353346 (England and Wales)
Registered Office
53 GLOUCESTER ROAD TEWKESBURY GL20 5SS ENGLAND
Accountants
MAB Accountancy Hub Ltd 82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ
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Ox Overland Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
1,784 
2,427 
Current assets
Inventories
15,000 
40,000 
Debtors
11,798 
2,695 
Cash at bank and in hand
8,182 
7,958 
34,980 
50,653 
Creditors: amounts falling due within one year
(37,179)
(64,984)
Net current liabilities
(2,199)
(14,331)
Total assets less current liabilities
(315)
(11,804)
Creditors: amounts falling due after more than one year
(17,500)
(17,500)
Net liabilities
(17,815)
(29,304)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,915)
(29,404)
Shareholders' funds
(17,815)
(29,304)
For the year ending 31 May 2023 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 2 October 2023 and were signed on its behalf by
Dean Lutton Director Company Registration No. 11353346
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Ox Overland Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Ox Overland Ltd is a private company, limited by shares, registered in England and Wales, registration number 11353346. The registered office is 53 GLOUCESTER ROAD, TEWKESBURY, GL20 5SS, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
15% Straight Line
Computer equipment
20% Straight LIne
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ox Overland Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
3,700 
442 
4,142 
At 31 May 2023
3,700 
442 
4,142 
Depreciation
At 1 June 2022
1,560 
155 
1,715 
Charge for the year
555 
88 
643 
At 31 May 2023
2,115 
243 
2,358 
Net book value
At 31 May 2023
1,585 
199 
1,784 
At 31 May 2022
2,140 
287 
2,427 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,095 
2,695 
Amounts falling due after more than one year
Other debtors
9,703 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,800 
10,105 
VAT
2,375 
1,440 
Trade creditors
78 
21,121 
Loans from directors
26,926 
31,118 
Accruals
- 
1,200 
37,179 
64,984 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
17,500 
17,500 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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