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REGISTERED NUMBER: 04197335 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

OX IN FLAMES LIMITED

OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OX IN FLAMES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G R C Butler
P G Butler





SECRETARY: Mrs S A Butler





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 04197335 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,579 28,172
27,579 28,172

CURRENT ASSETS
Stocks 54,018 80,676
Debtors 6 39,893 57,393
Cash at bank and in hand 146,166 29,622
240,077 167,691
CREDITORS
Amounts falling due within one year 7 156,622 126,054
NET CURRENT ASSETS 83,455 41,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,034

69,809

PROVISIONS FOR LIABILITIES 4,844 5,443
NET ASSETS 106,190 64,366

CAPITAL AND RESERVES
Called up share capital 1,300 1,300
Retained earnings 104,890 63,066
SHAREHOLDERS' FUNDS 106,190 64,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:




G R C Butler - Director



P G Butler - Director


OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ox in Flames Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
The turnover shown in the profit and loss account represents the value of work carried out in the year.

Goodwill
Goodwill of £60,725, being the amount paid in connection with the acquisition of a business in 2001, has been amortised fully over 10 years.

A further business was acquired in 2006 for £15,000 and this has been amortised fully over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 75,725
AMORTISATION
At 1 May 2023
and 30 April 2024 75,725
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

OX IN FLAMES LIMITED (REGISTERED NUMBER: 04197335)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 75,063 18,690 52,744 146,497
Additions - - 8,500 8,500
Disposals - - (3,170 ) (3,170 )
At 30 April 2024 75,063 18,690 58,074 151,827
DEPRECIATION
At 1 May 2023 63,465 13,709 41,151 118,325
Charge for year 2,319 996 4,772 8,087
Eliminated on disposal - - (2,164 ) (2,164 )
At 30 April 2024 65,784 14,705 43,759 124,248
NET BOOK VALUE
At 30 April 2024 9,279 3,985 14,315 27,579
At 30 April 2023 11,598 4,981 11,593 28,172

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 29,175 47,384
Other debtors 10,718 10,009
39,893 57,393

All debtors are payable within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 39,329 42,067
Taxation and social security 83,334 46,342
Other creditors 33,959 37,645
156,622 126,054

All creditors are payable within one year and have therefore not been discounted.

8. OTHER FINANCIAL COMMITMENTS

The company has operating lease commitments of £239,558 (£271,498 - 2023) over the next 10 years.