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REGISTERED NUMBER: 08866546 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

The Sussex Ox Trading Company Ltd

The Sussex Ox Trading Company Ltd (Registered number: 08866546)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Sussex Ox Trading Company Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S J Carr
Mrs F J M Carr
J G Bunt





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 08866546 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants,
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-on-Thames
RG9 1DY

The Sussex Ox Trading Company Ltd (Registered number: 08866546)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,343 21,343
Tangible assets 5 42,255 37,513
44,598 58,856

CURRENT ASSETS
Stocks 11,108 9,341
Debtors 6 3 3
Cash at bank and in hand 211,121 214,826
222,232 224,170
CREDITORS
Amounts falling due within one year 7 71,688 60,215
NET CURRENT ASSETS 150,544 163,955
TOTAL ASSETS LESS CURRENT LIABILITIES 195,142 222,811

CREDITORS
Amounts falling due after more than one year 8 (168,325 ) (185,784 )

PROVISIONS FOR LIABILITIES (8,029 ) (7,127 )
NET ASSETS 18,788 29,900

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 18,785 29,897
SHAREHOLDERS' FUNDS 18,788 29,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Sussex Ox Trading Company Ltd (Registered number: 08866546)

Statement of Financial Position - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




S J Carr - Director Mrs F J M Carr - Director




J G Bunt - Director


The Sussex Ox Trading Company Ltd (Registered number: 08866546)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Sussex Ox Trading Company Limited is a private company, limited by shares incorporated in England and Wales and has its registered office and principal place of business at Boston House, Boston Road, Henley-on-Thames, RG9 1DY.

The principal activity of the company was that of Public House and restaurant

The financial statements are presented in Sterling (£), which is also the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the goods are accepted by the customer

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014 is amortised over its expected useful life. The acquired goodwill is being amortised over its estimated useful life of 10 years. Goodwill is assessed for impairment where there are indicators of impairment and any impairment is charged to the profit and loss account. Reversals of impairment are recognised when the reasons for the impairment no longer apply.

Tangible fixed assets
Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Cost includes the purchase price, including any taxes, duties, transport, and handling directly attributable to bringing the stock to its present location and condition. Net realisable value is based on the estimated selling price less any estimated selling costs.

When stocks are sold, the carrying amount of these stocks is recognised as an expense in the period in which the related revenue is recognised.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock item is reduced to its selling price less costs to sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Financial assets and liabilities
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

The Sussex Ox Trading Company Ltd (Registered number: 08866546)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes towards a defined contribution pension scheme (NEST). Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the scheme are held separately from those of the company in an independent administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 190,000
AMORTISATION
At 1 March 2023 168,657
Charge for year 19,000
At 29 February 2024 187,657
NET BOOK VALUE
At 29 February 2024 2,343
At 28 February 2023 21,343

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 52,921 17,851 70,772
Additions 4,499 6,964 11,463
At 29 February 2024 57,420 24,815 82,235
DEPRECIATION
At 1 March 2023 23,557 9,702 33,259
Charge for year 4,811 1,910 6,721
At 29 February 2024 28,368 11,612 39,980
NET BOOK VALUE
At 29 February 2024 29,052 13,203 42,255
At 28 February 2023 29,364 8,149 37,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 3 3

The Sussex Ox Trading Company Ltd (Registered number: 08866546)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,762 4,167
Trade creditors 20,212 19,257
Taxation and social security 36,534 32,441
Other creditors 4,180 4,350
71,688 60,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 16,325 33,784
Other creditors 152,000 152,000
168,325 185,784

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs S J Carr.

In the opinion of the directors the company is controlled by Mr and Mrs Carr by virtue of their 100%
shareholding in the ordinary A shares.