OXFORD IONICS LIMITED

Company Registration Number:
11795789 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

OXFORD IONICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

OXFORD IONICS LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 13,643 3,913
Tangible assets: 4 619,278 322,279
Total fixed assets: 632,921 326,192
Current assets
Debtors: 5 3,512,035 1,100,538
Cash at bank and in hand: 11,904,692 24,903,966
Investments: 6 10,373,944 0
Total current assets: 25,790,671 26,004,504
Creditors: amounts falling due within one year: 7 (1,954,748) (344,503)
Net current assets (liabilities): 23,835,923 25,660,001
Total assets less current liabilities: 24,468,844 25,986,193
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (38,468) (52,000)
Total net assets (liabilities): 24,430,376 25,934,193
Capital and reserves
Called up share capital: 69 68
Share premium account: 30,624,965 28,624,967
Profit and loss account: (6,194,658) (2,690,842)
Shareholders funds: 24,430,376 25,934,193

The notes form part of these financial statements

OXFORD IONICS LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 October 2024
and signed on behalf of the board by:

Name: Chris Ballance
Status: Director

The notes form part of these financial statements

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 39 23

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 23,475
Additions 15,833
At 31 January 2024 39,308
Amortisation
At 01 February 2023 19,562
Charge for year 6,103
At 31 January 2024 25,665
Net book value
At 31 January 2024 13,643
At 31 January 2023 3,913

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 588,160
Additions 554,677
Disposals (1,468)
At 31 January 2024 1,141,369
Depreciation
At 01 February 2023 265,881
Charge for year 256,776
On disposals (566)
At 31 January 2024 522,091
Net book value
At 31 January 2024 619,278
At 31 January 2023 322,279

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 3,512,035 1,100,538

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Current investments

UK Treasury bonds 2024 - £10,373,944 2023 - £- Investments in UK Treasury bonds have an original maturity of 3 months or less. At the balance sheet date the maturity of the deposits was 2 months. The interest rate was 4.68%.

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Creditors: amounts falling due within one year note

Trade creditors 2024 - £52,576 2023 - £189,040 Taxation and social security 2024 - £118,412 2023 - £63,937 Other creditors 2024 - £39,596 2023 - £15,011 Accruals 2024 - £214,987 2023 - £76,515 Deferred income 2024 - £1,312,837 2023 - £- VAT 2024 - £216,340 2023 - £- Total 2024 - £1,954,748 2023 - £344,503

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Financial commitments

The total of future minimum lease payments is as follows: 2024 - £146,660 2023 - £124,078 The total expense recognised in the year in respect to operating leases is £255,057 (2023: £113,323).

OXFORD IONICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

9. Post balance sheet events

In April 2024, Oxford Ionics Limited entered a contract with Oxford Technology Park Limited for the lease of Unit 6A on Oxford Technology Park in Kidlington. Total future minimum lease payments at the date of signing were £2,817,795.