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REGISTERED NUMBER: 09364045 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oxspheric Limited

Oxspheric Limited (Registered number: 09364045)






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


Oxspheric Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr A Hasaj





REGISTERED OFFICE: 162 Cowley Road
Oxford
OX4 1UE





REGISTERED NUMBER: 09364045 (England and Wales)





ACCOUNTANTS: Wagner Mason Accountants Ltd
132 Gidley Way
Horspath
Oxford
Oxfordshire
OX33 1TD

Oxspheric Limited (Registered number: 09364045)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,080 12,162
Tangible assets 5 981,143 999,348
987,223 1,011,510

CURRENT ASSETS
Stocks 18,826 16,436
Debtors 6 318,978 264,121
Cash at bank and in hand 172,555 218,757
510,359 499,314
CREDITORS
Amounts falling due within one year 7 155,437 169,045
NET CURRENT ASSETS 354,922 330,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,342,145

1,341,779

CREDITORS
Amounts falling due after more than one
year

8

799,792

843,081
NET ASSETS 542,353 498,698

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 541,353 497,698
SHAREHOLDERS' FUNDS 542,353 498,698

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 director acknowledges his 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.

Oxspheric Limited (Registered number: 09364045)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 20 September 2024 and were signed by:





Mr A Hasaj - Director


Oxspheric Limited (Registered number: 09364045)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Oxspheric 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. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Oxspheric Limited (Registered number: 09364045)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 60,820
AMORTISATION
At 1 January 2023 48,658
Charge for year 6,082
At 31 December 2023 54,740
NET BOOK VALUE
At 31 December 2023 6,080
At 31 December 2022 12,162

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,117,573 159,333 1,276,906
Additions - 11,999 11,999
At 31 December 2023 1,117,573 171,332 1,288,905
DEPRECIATION
At 1 January 2023 134,106 143,452 277,558
Charge for year 22,351 7,853 30,204
At 31 December 2023 156,457 151,305 307,762
NET BOOK VALUE
At 31 December 2023 961,116 20,027 981,143
At 31 December 2022 983,467 15,881 999,348

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 68,300 28,019
Other debtors 250,678 236,102
318,978 264,121

Oxspheric Limited (Registered number: 09364045)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 47,690 50,000
Trade creditors 14,455 (5 )
Taxation and social security 53,611 93,831
Other creditors 39,681 25,219
155,437 169,045

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 405,901 449,190
Other creditors 393,891 393,891
799,792 843,081

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 213,913 264,190