Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08286332 Mr Clive Burnet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08286332 2023-03-31 08286332 2024-03-31 08286332 2023-04-01 2024-03-31 08286332 frs-core:CurrentFinancialInstruments 2024-03-31 08286332 frs-core:Non-currentFinancialInstruments 2024-03-31 08286332 frs-core:ComputerEquipment 2024-03-31 08286332 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08286332 frs-core:ComputerEquipment 2023-03-31 08286332 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08286332 frs-core:MotorVehicles 2024-03-31 08286332 frs-core:MotorVehicles 2023-04-01 2024-03-31 08286332 frs-core:MotorVehicles 2023-03-31 08286332 frs-core:PlantMachinery 2024-03-31 08286332 frs-core:PlantMachinery 2023-04-01 2024-03-31 08286332 frs-core:PlantMachinery 2023-03-31 08286332 frs-core:ShareCapital 2024-03-31 08286332 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08286332 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08286332 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08286332 frs-bus:SmallEntities 2023-04-01 2024-03-31 08286332 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08286332 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08286332 frs-bus:Director1 2023-04-01 2024-03-31 08286332 frs-countries:EnglandWales 2023-04-01 2024-03-31 08286332 2022-03-31 08286332 2023-03-31 08286332 2022-04-01 2023-03-31 08286332 frs-core:CurrentFinancialInstruments 2023-03-31 08286332 frs-core:Non-currentFinancialInstruments 2023-03-31 08286332 frs-core:ShareCapital 2023-03-31 08286332 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08286332
Oxpac-Oxon Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08286332
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,947 2,843
28,947 2,843
CURRENT ASSETS
Stocks 5 12,481 17,726
Debtors 6 27,732 18,463
Cash at bank and in hand 62,735 62,153
102,948 98,342
Creditors: Amounts Falling Due Within One Year 7 (51,884 ) (46,086 )
NET CURRENT ASSETS (LIABILITIES) 51,064 52,256
TOTAL ASSETS LESS CURRENT LIABILITIES 80,011 55,099
Creditors: Amounts Falling Due After More Than One Year 8 (6,592 ) (12,841 )
NET ASSETS 73,419 42,258
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 73,418 42,257
SHAREHOLDERS' FUNDS 73,419 42,258
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Clive Burnet
Director
31st October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oxpac-Oxon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08286332 . The registered office is Unit 4 B, Stanton Harcourt Ind Est, Stanton Harcourt, Witney, Oxon, OX29 5UX.
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 33% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 1,112 18,999 1,332 21,443
Additions - 36,000 - 36,000
As at 31 March 2024 1,112 54,999 1,332 57,443
Depreciation
As at 1 April 2023 371 17,554 675 18,600
Provided during the period 371 9,361 164 9,896
As at 31 March 2024 742 26,915 839 28,496
Net Book Value
As at 31 March 2024 370 28,084 493 28,947
As at 1 April 2023 741 1,445 657 2,843
5. Stocks
2024 2023
£ £
Materials 12,481 17,726
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,732 18,463
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 6,408 6,449
Corporation tax 10,081 13,791
VAT 4,609 4,306
Accruals and deferred income 1,300 1,200
Director's loan account 29,486 20,341
51,884 46,086
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,592 12,841
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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