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Company Registration No. 11229174 (England and Wales)
OXLEY & SONS INTERIORS LTD Unaudited accounts for the year ended 28 February 2023
OXLEY & SONS INTERIORS LTD Unaudited accounts Contents
Page
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OXLEY & SONS INTERIORS LTD Company Information for the year ended 28 February 2023
Directors
Adam Oxley Darren Oxley
Company Number
11229174 (England and Wales)
Registered Office
UNIT 5 ELWES STREET BRIGG DN20 8LB ENGLAND
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OXLEY & SONS INTERIORS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
120,000 
135,000 
Tangible assets
2,981 
4,471 
122,981 
139,471 
Current assets
Inventories
45,018 
45,018 
Cash at bank and in hand
4,386 
5,158 
49,404 
50,176 
Creditors: amounts falling due within one year
(325,074)
(216,901)
Net current liabilities
(275,670)
(166,725)
Total assets less current liabilities
(152,689)
(27,254)
Creditors: amounts falling due after more than one year
(39,957)
(42,500)
Net liabilities
(192,646)
(69,754)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(192,746)
(69,854)
Shareholders' funds
(192,646)
(69,754)
For the year ending 28 February 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 9 October 2023 and were signed on its behalf by
Adam Oxley Director Company Registration No. 11229174
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OXLEY & SONS INTERIORS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
OXLEY & SONS INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11229174. The registered office is UNIT 5, ELWES STREET, BRIGG, DN20 8LB, 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.
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:
Motor vehicles
33.33% RBM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
150,000 
At 28 February 2023
150,000 
Amortisation
At 1 March 2022
15,000 
Charge for the year
15,000 
At 28 February 2023
30,000 
Net book value
At 28 February 2023
120,000 
At 28 February 2022
135,000 
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OXLEY & SONS INTERIORS LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
9,433 
At 28 February 2023
9,433 
Depreciation
At 1 March 2022
4,962 
Charge for the year
1,490 
At 28 February 2023
6,452 
Net book value
At 28 February 2023
2,981 
At 28 February 2022
4,471 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
69,257 
64,626 
Trade creditors
29,769 
23,923 
Taxes and social security
170,485 
38,563 
Other creditors
15,304 
32,584 
Loans from directors
40,259 
57,205 
325,074 
216,901 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,957 
42,500 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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