Acorah Software Products - Accounts Production 15.0.600 false true false 1 February 2023 29 February 2024 29 February 2024 14632591 Mr Gurminder SINGH Mr Gurminder Singh Mr Kanranvir Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14632591 2023-01-31 14632591 2024-02-29 14632591 2023-02-01 2024-02-29 14632591 frs-core:CurrentFinancialInstruments 2024-02-29 14632591 frs-core:ComputerEquipment 2024-02-29 14632591 frs-core:ComputerEquipment 2023-02-01 2024-02-29 14632591 frs-core:ComputerEquipment 2023-01-31 14632591 frs-core:FurnitureFittings 2024-02-29 14632591 frs-core:FurnitureFittings 2023-02-01 2024-02-29 14632591 frs-core:FurnitureFittings 2023-01-31 14632591 frs-core:MotorVehicles 2024-02-29 14632591 frs-core:MotorVehicles 2023-02-01 2024-02-29 14632591 frs-core:MotorVehicles 2023-01-31 14632591 frs-core:PlantMachinery 2024-02-29 14632591 frs-core:PlantMachinery 2023-02-01 2024-02-29 14632591 frs-core:PlantMachinery 2023-01-31 14632591 frs-core:ShareCapital 2024-02-29 14632591 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14632591 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-02-29 14632591 frs-bus:FilletedAccounts 2023-02-01 2024-02-29 14632591 frs-bus:SmallEntities 2023-02-01 2024-02-29 14632591 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-02-29 14632591 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-02-29 14632591 frs-bus:Director1 2023-02-01 2024-02-29 14632591 frs-bus:Director2 2023-02-01 2024-02-29 14632591 frs-bus:Director3 2023-02-01 2024-02-29 14632591 frs-countries:EnglandWales 2023-02-01 2024-02-29
Registered number: 14632591
OXFORD TILES LIMITED
Unaudited Financial Statements
For the Period 1 February 2023 to 29 February 2024
OXON ACCOUNTANCY
28 THE QUADRANT
THE SCIENCE CENTRE
Abingdon
Oxfordshire
OX14 3YS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14632591
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 14,267
14,267
CURRENT ASSETS
Stocks 5 20,000
Cash at bank and in hand 4,300
24,300
Creditors: Amounts Falling Due Within One Year 6 (43,103 )
NET CURRENT ASSETS (LIABILITIES) (18,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,536 )
NET LIABILITIES (4,536 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (4,636 )
SHAREHOLDERS' FUNDS (4,536)
For the period ending 29 February 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kanranvir Singh
Director
24/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
OXFORD TILES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 14632591 . The registered office is 113 Wheatley Road, Oxford, England, OX44 9DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% of reducing balance
Motor Vehicles 20% of reducing balance
Fixtures & Fittings 20% of reducing balance
Computer Equipment 33.33% of reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 - - - - -
Additions 10,000 6,000 1,000 1,000 18,000
As at 29 February 2024 10,000 6,000 1,000 1,000 18,000
Depreciation
As at 1 February 2023 - - - - -
Provided during the period 2,000 1,200 200 333 3,733
As at 29 February 2024 2,000 1,200 200 333 3,733
...CONTINUED
Page 2
Page 3
Net Book Value
As at 29 February 2024 8,000 4,800 800 667 14,267
As at 1 February 2023 - - - - -
5. Stocks
29 February 2024
£
Materials 20,000
6. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Directors' loan accounts 43,103
7. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 100
Page 3