Company Registration No. 07669442 (England and Wales)
Oxfirst Limited
Unaudited accounts
for the year ended 30 June 2024
Oxfirst Limited
Unaudited accounts
Contents
Oxfirst Limited
Company Information
for the year ended 30 June 2024
Director
Roya Ghafele Bashi
Company Number
07669442 (England and Wales)
Registered Office
1&3 Kings Meadow Osney Mead
Oxford
OX2 0DP
England
Accountants
Cloud Tax Ltd
9-11 New Broadway
Ealing
London
W5 5AW
Oxfirst Limited
Statement of financial position
as at 30 June 2024
Tangible assets
3,150
4,199
Cash at bank and in hand
496,948
1,207,616
Creditors: amounts falling due within one year
(33,361)
(65,397)
Net current assets
1,540,234
1,484,719
Net assets
1,543,384
1,526,121
Called up share capital
100
100
Profit and loss account
1,543,284
1,526,021
Shareholders' funds
1,543,384
1,526,121
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Roya Ghafele Bashi
Director
Company Registration No. 07669442
Oxfirst Limited
Notes to the Accounts
for the year ended 30 June 2024
Oxfirst Limited is a private company, limited by shares, registered in England and Wales, registration number 07669442. The registered office is 1&3 Kings Meadow Osney Mead, Oxford, OX2 0DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Oxfirst Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
5
Investments
Other investments
Valuation at 1 July 2023
37,203
Valuation at 30 June 2024
-
Amounts falling due within one year
Amounts due from group undertakings etc.
991,747
342,500
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
21,146
42,448
Loans from directors
11,195
19,949
At the balance sheet date, the company owed to the director an amount of 11,195.
9
Transactions with related parties
At the balance sheet date, the Amounts due from group undertakings include:
OXPRIME Ltd - 991,747
Other debtors include a balance of 84,900 related to OX1ST Ltd where Dr Roya G Bashi is also the director of the company.
Oxfirst Limited
Notes to the Accounts
for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 4).