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Registered number: 04779650
Oxbridge Care Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
ICAEW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04779650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 634,220 659,669
634,220 659,669
CURRENT ASSETS
Debtors 6 150,197 1,550
Cash at bank and in hand 477,581 290,566
627,778 292,116
Creditors: Amounts Falling Due Within One Year 7 (129,320 ) (62,348 )
NET CURRENT ASSETS (LIABILITIES) 498,458 229,768
TOTAL ASSETS LESS CURRENT LIABILITIES 1,132,678 889,437
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,439 ) (31,146 )
NET ASSETS 1,107,239 858,291
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 10 36,507 36,507
Profit and Loss Account 1,070,632 821,684
SHAREHOLDERS' FUNDS 1,107,239 858,291
Page 1
Page 2
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 directors acknowledge their 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 Yaqub Mughal
Director
20/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oxbridge Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04779650 . The registered office is 44-50 Windsor Road , Stockton On Tees, Cleveland, TS18 4DZ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Freehold Straight line over 50 years
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2023: 36)
39 36
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Amortisation
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 July 2023 4,280 537,772 103,928 109,694 755,674
Additions - - 4,516 - 4,516
As at 30 June 2024 4,280 537,772 108,444 109,694 760,190
Depreciation
As at 1 July 2023 595 - 65,606 29,804 96,005
Provided during the period 83 - 9,910 19,972 29,965
As at 30 June 2024 678 - 75,516 49,776 125,970
Net Book Value
As at 30 June 2024 3,602 537,772 32,928 59,918 634,220
As at 1 July 2023 3,685 537,772 38,322 79,890 659,669
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 10,574 -
Other debtors 1,950 1,550
Directors' loan accounts 137,673 -
150,197 1,550
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 109,000 25,700
Other taxes and social security 7,896 8,008
Other creditors 2,424 3,110
Accruals and deferred income 10,000 1,890
Directors' loan accounts - 23,640
129,320 62,348
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Advances of £207,116.59 were made during the year and repayments of £45,804.20 up to the date of 30th June 2024. 
An interest rate of 2.5% was charged on advances and repayable on demand.
10. Reserves
Fair Value Reserve
£
As at 1 July 2023 36,507
As at 30 June 2024 36,507
Page 5