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Registered number: 08614980

Oldford Texels Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Oldford Texels Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Mr R E J Pierce
SECRETARY
Mr R E J Pierce
REGISTERED OFFICE
50 High Street
Mold
FLINTSHIRE
CH7 1BH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08614980
ACCOUNTANTS
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Oldford Texels Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Oldford Texels Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets443,84343,978
CURRENT ASSETS
Stock85,66292,835
Debtors62,794-
88,45692,835
CREDITORS: Amounts falling due within one year7152,268136,542
NET CURRENT LIABILITIES(63,812)(43,707)
TOTAL ASSETS LESS CURRENT LIABILITIES(19,969)271
CREDITORS: Amounts falling due after more than one year812,68418,126
PROVISIONS FOR LIABILITIES AND CHARGES977102
NET LIABILITIES(32,730)(17,957)
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account(32,830)(18,057)
SHAREHOLDERS' FUNDS(32,730)(17,957)
For the year ending 31/07/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/04/2024 and signed on their behalf by
.............................
Mr R E J Pierce
Director

Oldford Texels Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Oldford Texels Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/20225,0005,000
At 31/07/20235,0005,000
Depreciation
At 01/08/20225,0005,000
At 31/07/20235,0005,000
Net Book Amounts
At 31/07/2023--
4. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 01/08/202243,4392,27445,713
At 31/07/202343,4392,27445,713
Depreciation
At 01/08/2022-1,7351,735
For the year-135135
At 31/07/2023-1,8701,870
Net Book Amounts
At 31/07/202343,43940443,843
At 31/07/202243,43953943,978
5. STOCK 20232022
££
Stock comprises:
Stock85,66292,835
85,66292,835
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors2,060-
VAT734-
2,794-

Oldford Texels Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT-1,512
Directors current account123,421108,915
Bank loans and overdrafts10,92710,246
Bank Loan5,7325,732
Trade creditors7,4544,801
Other creditors4,0004,000
Accruals7341,336
152,268136,542
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr12,68418,126
12,68418,126
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation77102
77102
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100