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
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
Ox Overland Ltd
Statement of financial position
as at 31 May 2023
Called up share capital not paid
100
100
Tangible assets
1,784
2,427
Cash at bank and in hand
8,182
7,958
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)
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
Ox Overland Ltd
Notes to the Accounts
for the year ended 31 May 2023
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.
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
15% Straight Line
Computer equipment
20% Straight LIne
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.
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
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
At 31 May 2023
1,585
199
1,784
At 31 May 2022
2,140
287
2,427
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,800
10,105
Loans from directors
26,926
31,118
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).