Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07147304 Mr Temidayo Adekanye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07147304 2023-02-28 07147304 2024-02-29 07147304 2023-03-01 2024-02-29 07147304 frs-core:CurrentFinancialInstruments 2024-02-29 07147304 frs-core:Non-currentFinancialInstruments 2024-02-29 07147304 frs-core:PlantMachinery 2024-02-29 07147304 frs-core:PlantMachinery 2023-03-01 2024-02-29 07147304 frs-core:PlantMachinery 2023-02-28 07147304 frs-core:OtherReservesSubtotal 2024-02-29 07147304 frs-core:ShareCapital 2024-02-29 07147304 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07147304 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07147304 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07147304 frs-bus:SmallEntities 2023-03-01 2024-02-29 07147304 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07147304 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07147304 frs-core:UnlistedNon-exchangeTraded 2024-02-29 07147304 frs-core:UnlistedNon-exchangeTraded 2023-02-28 07147304 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 07147304 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 07147304 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-29 07147304 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 07147304 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-29 07147304 frs-bus:Director1 2023-03-01 2024-02-29 07147304 frs-countries:EnglandWales 2023-03-01 2024-02-29 07147304 2022-02-28 07147304 2023-02-28 07147304 2022-03-01 2023-02-28 07147304 frs-core:CurrentFinancialInstruments 2023-02-28 07147304 frs-core:Non-currentFinancialInstruments 2023-02-28 07147304 frs-core:OtherReservesSubtotal 2023-02-28 07147304 frs-core:ShareCapital 2023-02-28 07147304 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07147304
OX Exchange Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO Consulting - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07147304
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 615
Investments 5 37,895 39,324
37,895 39,939
CURRENT ASSETS
Cash at bank and in hand 641 547
641 547
Creditors: Amounts Falling Due Within One Year 6 (4,671 ) (1 )
NET CURRENT ASSETS (LIABILITIES) (4,030 ) 546
TOTAL ASSETS LESS CURRENT LIABILITIES 33,865 40,485
Creditors: Amounts Falling Due After More Than One Year 7 (15,570 ) (15,570 )
NET ASSETS 18,295 24,915
CAPITAL AND RESERVES
Called up share capital 8 51 51
Other reserves (1,650 ) (1,650 )
Profit and Loss Account 19,894 26,514
SHAREHOLDERS' FUNDS 18,295 24,915
Page 1
Page 2
For the year 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 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 Temidayo Adekanye
Director
19 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
OX Exchange Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07147304 . The registered office is 3a Woodborough Road, London, SW15 6PX.
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. 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 Straight Line 20%
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
£
Cost
As at 1 March 2023 17,833
As at 29 February 2024 17,833
Depreciation
As at 1 March 2023 17,218
Provided during the period 615
As at 29 February 2024 17,833
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 615
5. Investments
Unlisted
£
Cost
As at 1 March 2023 39,324
Disposals (1,429 )
As at 29 February 2024 37,895
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 37,895
As at 1 March 2023 39,324
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Director's loan account 4,670 -
4,671 1
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,570 15,570
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 51 51
Page 4