Oxney Construction Ltd


FINANCIAL STATEMENTS


for the year ended 31st July 2023



Oxney Construction Ltd

CONTENTS

for the year ended 31st July 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Oxney Construction Ltd

Company No. 12098646

STATEMENT OF FINANCIAL POSITION

as at 31st July 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment4908910876
908910876
CURRENT ASSETS
Debtors5103739467
Cash at bank and in hand1919011551
2956321018
CURRENT LIABILITIES
Creditors: amounts falling due
within one year62630419751
NET CURRENT ASSETS32591267
TOTAL ASSETS LESS CURRENT LIABILITIES1234812143
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS1234812143
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings1224812043
SHAREHOLDERS FUNDS1234812143

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st July 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 18 October 2024


Carpenter D

Director

Company Number 12098646 (England)

Oxney Construction Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st July 2023


1   Statutory information

Oxney Construction Ltd is a private company limited by shares and registered under company number 12098646 in England. Its registered office address is 22 Lloyds Green, Wittersham, Tenterden Kent. TN30 7NX.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15% - 20% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2022 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st August 2022 and
At 31st July 2023390010371104415315
 
Depreciation
At 1st August 2022 78033692904439
Charge for year62410501131787
At 31st July 2023140444194036226
 
Net Book Value
At 31st July 2023249659526419089
At 31st July 20223120700275410876

5   Debtors20232022
££
 
Trade Debtors92639360
Other debtors1110107
103739467

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts1104214987
Corporation tax8319-
Taxes and social security costs61433900
Other creditors800864
2630419751

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