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REGISTERED NUMBER: 13922902 (England and Wales)























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

ONYXDB Limited

ONYXDB Limited (Registered number: 13922902)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONYXDB Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr C P Newton





REGISTERED OFFICE: A117/118 Tustin Way
Longridge Road
Preston
Lancashire
PR2 5LX





REGISTERED NUMBER: 13922902 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

ONYXDB Limited (Registered number: 13922902)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,596 1,796
Tangible assets 5 138,474 22,108
140,070 23,904

CURRENT ASSETS
Stocks 185,919 113,538
Debtors 6 138,254 84,113
Cash at bank 218,132 69,287
542,305 266,938
CREDITORS
Amounts falling due within one year 7 419,265 194,870
NET CURRENT ASSETS 123,040 72,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,110

95,972

CREDITORS
Amounts falling due after more than one
year

8

(72,480

)

-

PROVISIONS FOR LIABILITIES (23,056 ) (196 )
NET ASSETS 167,574 95,776

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 167,474 95,676
SHAREHOLDERS' FUNDS 167,574 95,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

ONYXDB Limited (Registered number: 13922902)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr C P Newton - Director


ONYXDB Limited (Registered number: 13922902)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

ONYXDB 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 10, 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ONYXDB Limited (Registered number: 13922902)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 2,000
AMORTISATION
At 1 March 2023 204
Charge for year 200
At 29 February 2024 404
NET BOOK VALUE
At 29 February 2024 1,596
At 28 February 2023 1,796

ONYXDB Limited (Registered number: 13922902)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 4,418 19,900 4,133 28,451
Additions 2,650 124,050 - 126,700
At 29 February 2024 7,068 143,950 4,133 155,151
DEPRECIATION
At 1 March 2023 899 4,050 1,394 6,343
Charge for year 1,234 7,736 1,364 10,334
At 29 February 2024 2,133 11,786 2,758 16,677
NET BOOK VALUE
At 29 February 2024 4,935 132,164 1,375 138,474
At 28 February 2023 3,519 15,850 2,739 22,108

Assets held under hire purchase agreements have a net book value of £119,484.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 19,691 -
Other debtors 118,563 84,113
138,254 84,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 17,154 -
Trade creditors 241,521 86,030
Taxation and social security 155,031 107,040
Other creditors 5,559 1,800
419,265 194,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 72,480 -

ONYXDB Limited (Registered number: 13922902)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 89,634 -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 February 2024 and the period ended 28 February 2023:

29.2.24 28.2.23
£    £   
Mr C P Newton
Balance outstanding at start of year 51,854 -
Amounts advanced 70,548 84,705
Amounts repaid (52,983 ) (32,851 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,419 51,854