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Company Registration No. 07669442 (England and Wales)
Oxfirst Limited Unaudited accounts for the year ended 30 June 2024
Oxfirst Limited Unaudited accounts Contents
Page
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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
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Oxfirst Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,150 
4,199 
Investments
- 
37,203 
3,150 
41,402 
Current assets
Debtors
1,076,647 
342,500 
Cash at bank and in hand
496,948 
1,207,616 
1,573,595 
1,550,116 
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 
Capital and reserves
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
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Oxfirst Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Pension costs
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.
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Oxfirst Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
14,659 
At 30 June 2024
14,659 
Depreciation
At 1 July 2023
10,460 
Charge for the year
1,049 
At 30 June 2024
11,509 
Net book value
At 30 June 2024
3,150 
At 30 June 2023
4,199 
5
Investments
Other investments 
£ 
Valuation at 1 July 2023
37,203 
Disposals
(37,203)
Valuation at 30 June 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
991,747 
342,500 
Other debtors
84,900 
- 
1,076,647 
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 
Accruals
1,020 
3,000 
33,361 
65,397 
8
Loans to directors
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.
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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).
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