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REGISTERED NUMBER: 04177549 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OXFORD HARDWARE LIMITED

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

OXFORD HARDWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D R L Cleave
A Katz
D J Katz-Doft





REGISTERED OFFICE: 5 Deansway
Worcester
Worcestershire
WR12JG





REGISTERED NUMBER: 04177549 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 152,600 174,400
Tangible assets 6 142,210 206,048
294,810 380,448

CURRENT ASSETS
Stocks 2,470,981 2,691,424
Debtors 7 931,135 858,671
Cash at bank and in hand 427,498 81,213
3,829,614 3,631,308
CREDITORS
Amounts falling due within one year 8 1,298,071 1,357,483
NET CURRENT ASSETS 2,531,543 2,273,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,826,353

2,654,273

CREDITORS
Amounts falling due after more than one year 9 (45,456 ) (200,977 )

PROVISIONS FOR LIABILITIES 10 (124,277 ) (87,937 )
NET ASSETS 2,656,620 2,365,359

CAPITAL AND RESERVES
Called up share capital 105 105
Share premium 49,995 49,995
Retained earnings 2,606,520 2,315,259
SHAREHOLDERS' FUNDS 2,656,620 2,365,359

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





D R L Cleave - Director


OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Oxford Hardware Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes, adjusted by remedial provisions.

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - in accordance with the property
Improvements to Property - 33% on cost
Plant & Equipment - 25% on cost
Motor Vehicles - 25% on cost
Office Equipment - 25% on cost

Stocks
Stocks are valued at the lower of standard cost and net realisable value (estimated selling price less costs to sell), after making due allowance for obsolete and slow moving items.


OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit as incurred.

Provisions
Provisions are recognised when the Company has a present obligation as a result of past events, if it is probable that an outflow of funds will be required to settle the obligation and a realisable estimate of the amount and obligation can be made.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 332,500
Disposals (114,500 )
At 31 December 2023 218,000
AMORTISATION
At 1 January 2023 158,100
Amortisation for year 21,800
Eliminated on disposal (114,500 )
At 31 December 2023 65,400
NET BOOK VALUE
At 31 December 2023 152,600
At 31 December 2022 174,400

6. TANGIBLE FIXED ASSETS
Improvements
Long to Plant &
leasehold Property Equipment
£    £    £   
COST
At 1 January 2023 205,303 33,710 124,360
Additions - 7,495 -
At 31 December 2023 205,303 41,205 124,360
DEPRECIATION
At 1 January 2023 62,487 33,271 96,772
Charge for year 63,090 2,521 14,750
At 31 December 2023 125,577 35,792 111,522
NET BOOK VALUE
At 31 December 2023 79,726 5,413 12,838
At 31 December 2022 142,816 439 27,588

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. TANGIBLE FIXED ASSETS - continued

Motor Office
Vehicles Equipment Totals
£    £    £   
COST
At 1 January 2023 14,995 81,113 459,481
Additions - 28,391 35,886
At 31 December 2023 14,995 109,504 495,367
DEPRECIATION
At 1 January 2023 1,562 59,341 253,433
Charge for year 3,749 15,614 99,724
At 31 December 2023 5,311 74,955 353,157
NET BOOK VALUE
At 31 December 2023 9,684 34,549 142,210
At 31 December 2022 13,433 21,772 206,048

Fixed assets, included in the above, which are held under finance leases are as follows:
Long
leasehold
£   
COST
At 1 January 2023
and 31 December 2023 205,303
DEPRECIATION
At 1 January 2023 62,487
Charge for year 63,090
At 31 December 2023 125,577
NET BOOK VALUE
At 31 December 2023 79,726
At 31 December 2022 142,816

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 809,662 729,882
Other Debtors 36,047 47,087
Prepayments 85,426 81,702
931,135 858,671

OXFORD HARDWARE LIMITED (REGISTERED NUMBER: 04177549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Loans 95,658 83,333
Finance leases 63,960 63,753
Trade Creditors 484,609 369,471
Amounts to Commercial Finance - 425,126
Amounts owed to group undertakings 80,658 -
Taxation 124,092 75,390
Other Taxes & Social Security 90,911 124,071
Other Creditors 308,381 109,602
Accrued Expenses 49,802 106,737
1,298,071 1,357,483

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases 15,765 79,063
Other Loans 29,691 121,914
45,456 200,977

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred Tax 13,423 11,931
Remedial provisions 110,854 76,006
124,277 87,937

Deferred Remedial
tax Provisions
£    £   
Balance at 1 January 2023 11,931 72,608
Movement in a year 1,492 38,246
Balance at 31 December 2023 13,423 110,854

11. OTHER FINANCIAL COMMITMENTS

At 31 December 2022 the company had entered into no foreign exchange commitments.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OXFORD HARDWARE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxford Hardware Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Oxford Hardware Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxford Hardware Limited and state those matters that we have agreed to state to the Board of Directors of Oxford Hardware Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oxford Hardware Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oxford Hardware Limited. You consider that Oxford Hardware Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oxford Hardware Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR


Date: .............................................