Oxford Building Supplies Limited 04842931 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is a hardware and DIY retail shop. Digita Accounts Production Advanced 6.30.9574.0 true 04842931 2022-08-01 2023-07-31 04842931 2023-07-31 04842931 core:CurrentFinancialInstruments 2023-07-31 04842931 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04842931 core:MotorVehicles 2023-07-31 04842931 core:OfficeEquipment 2023-07-31 04842931 core:PlantMachinery 2023-07-31 04842931 bus:SmallEntities 2022-08-01 2023-07-31 04842931 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04842931 bus:FullAccounts 2022-08-01 2023-07-31 04842931 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04842931 bus:RegisteredOffice 2022-08-01 2023-07-31 04842931 bus:Director1 2022-08-01 2023-07-31 04842931 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04842931 core:MotorVehicles 2022-08-01 2023-07-31 04842931 core:OfficeEquipment 2022-08-01 2023-07-31 04842931 core:PlantMachinery 2022-08-01 2023-07-31 04842931 countries:EnglandWales 2022-08-01 2023-07-31 04842931 2022-07-31 04842931 core:MotorVehicles 2022-07-31 04842931 core:OfficeEquipment 2022-07-31 04842931 core:PlantMachinery 2022-07-31 04842931 2021-08-01 2022-07-31 04842931 2022-07-31 04842931 core:CurrentFinancialInstruments 2022-07-31 04842931 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 04842931 core:MotorVehicles 2022-07-31 04842931 core:OfficeEquipment 2022-07-31 04842931 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 04842931

Oxford Building Supplies Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Oxford Building Supplies Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Oxford Building Supplies Limited

(Registration number: 04842931)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,690

10,253

Current assets

 

Stocks

5

30,000

30,000

Debtors

6

4,240

3,167

Cash at bank and in hand

 

25,142

27,535

 

59,382

60,702

Creditors: Amounts falling due within one year

7

(32,443)

(22,968)

Net current assets

 

26,939

37,734

Total assets less current liabilities

 

34,629

47,987

Provisions for liabilities

(1,461)

(1,948)

Net assets

 

33,168

46,039

Capital and reserves

 

Called up share capital

1

1

Retained earnings

33,167

46,038

Shareholders' funds

 

33,168

46,039

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Oxford Building Supplies Limited

(Registration number: 04842931)
Balance Sheet as at 31 July 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 April 2024
 

.........................................
J A O'Shea
Director

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of hardware and DIY goods. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Asset class

Depreciation method and rate

Plant and machinery

25% of net book value

Motor vehicles

25% of net book value

Office equipment

25% of net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

11,863

537

20,164

32,564

At 31 July 2023

11,863

537

20,164

32,564

Depreciation

At 1 August 2022

11,771

537

10,003

22,311

Charge for the year

23

-

2,540

2,563

At 31 July 2023

11,794

537

12,543

24,874

Carrying amount

At 31 July 2023

69

-

7,621

7,690

At 31 July 2022

92

-

10,161

10,253

5

Stocks

2023
£

2022
£

Other inventories

30,000

30,000

6

Debtors

Current

2023
£

2022
£

Trade debtors

4,240

3,167

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

17,380

10,199

Taxation and social security

9,119

10,351

Other creditors

5,944

2,418

32,443

22,968

8

Related party transactions

Transactions with the director

Other transactions with the director

During the year the director, J A O'Shea had a loan with the company. At the balance sheet date £3,945 remains due from the company (2022: £419).