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COMPANY REGISTRATION NUMBER: 13097158
OXLANE FOOD CENTRE LIMITED
Filleted Unaudited Financial Statements
31 December 2023
OXLANE FOOD CENTRE LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
110,371
126,806
Current assets
Stocks
231,435
231,250
Cash at bank and in hand
150,656
41,645
---------
---------
382,091
272,895
Creditors: amounts falling due within one year
6
181,946
148,210
---------
---------
Net current assets
200,145
124,685
---------
---------
Total assets less current liabilities
310,516
251,491
Creditors: amounts falling due after more than one year
7
142,027
151,627
---------
---------
Net assets
168,489
99,864
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
168,389
99,764
---------
--------
Shareholders funds
168,489
99,864
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
OXLANE FOOD CENTRE LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 October 2024 , and are signed on behalf of the board by:
MR ZAFAR ATALAY
MR FAZIL INANC
Director
Director
Company registration number: 13097158
OXLANE FOOD CENTRE LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 229-233 OXLNAE, DAGENHAM, RM10 7YA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2022: 18 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2023
29,976
129,072
17,500
176,548
Additions
3,701
3,701
--------
---------
--------
-------
---------
At 31 December 2023
29,976
129,072
17,500
3,701
180,249
--------
---------
--------
-------
---------
Depreciation
At 1 January 2023
7,625
35,817
6,300
49,742
Charge for the year
3,353
13,988
2,240
555
20,136
--------
---------
--------
-------
---------
At 31 December 2023
10,978
49,805
8,540
555
69,878
--------
---------
--------
-------
---------
Carrying amount
At 31 December 2023
18,998
79,267
8,960
3,146
110,371
--------
---------
--------
-------
---------
At 31 December 2022
22,351
93,255
11,200
126,806
--------
---------
--------
-------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
139,329
119,474
Corporation tax
20,164
Social security and other taxes
22,453
28,736
---------
---------
181,946
148,210
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
142,027
151,627
---------
---------
8. Related party transactions
The company was under the control of Mr ZAFAR ATALAY & Mr FAZIL INANC throughout the current and previous year.