Humphris (Oxford) Limited 01991237 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is sale of cars and light motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true true 01991237 2023-10-01 2024-09-30 01991237 2024-09-30 01991237 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-09-30 01991237 core:CurrentFinancialInstruments 2024-09-30 01991237 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01991237 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 01991237 core:FurnitureFittingsToolsEquipment 2024-09-30 01991237 core:MotorVehicles 2024-09-30 01991237 core:ParentEntities 2024-09-30 01991237 bus:SmallEntities 2023-10-01 2024-09-30 01991237 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01991237 bus:FilletedAccounts 2023-10-01 2024-09-30 01991237 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01991237 bus:RegisteredOffice 2023-10-01 2024-09-30 01991237 bus:Director4 2023-10-01 2024-09-30 01991237 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-01 2024-09-30 01991237 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01991237 core:FurnitureFittings 2023-10-01 2024-09-30 01991237 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 01991237 core:MotorVehicles 2023-10-01 2024-09-30 01991237 core:PlantMachinery 2023-10-01 2024-09-30 01991237 core:ParentEntities 2023-10-01 2024-09-30 01991237 countries:UnitedKingdom 2023-10-01 2024-09-30 01991237 2023-09-30 01991237 core:FurnitureFittingsToolsEquipment 2023-09-30 01991237 core:MotorVehicles 2023-09-30 01991237 core:ParentEntities 2023-09-30 01991237 2022-10-01 2023-09-30 01991237 2023-09-30 01991237 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-09-30 01991237 core:CurrentFinancialInstruments 2023-09-30 01991237 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01991237 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 01991237 core:FurnitureFittingsToolsEquipment 2023-09-30 01991237 core:MotorVehicles 2023-09-30 01991237 core:ParentEntities 2023-09-30 01991237 core:ParentEntities 2022-10-01 2023-09-30 01991237 2022-09-30 01991237 core:ParentEntities 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01991237

Humphris (Oxford) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Humphris (Oxford) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Humphris (Oxford) Limited

(Registration number: 01991237)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,741

14,872

Current assets

 

Stocks

5

87,545

86,582

Debtors

6

17,637

7,146

Cash at bank and in hand

 

16,517

49,312

 

121,699

143,040

Creditors: Amounts falling due within one year

7

(19,070)

(19,804)

Net current assets

 

102,629

123,236

Total assets less current liabilities

 

115,370

138,108

Creditors: Amounts falling due after more than one year

7

(137,718)

(188,390)

Provisions for liabilities

(3,185)

(3,718)

Net liabilities

 

(25,533)

(54,000)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(25,633)

(54,100)

Shareholders' deficit

 

(25,533)

(54,000)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 January 2025 and signed on its behalf by:
 

 

Humphris (Oxford) Limited

(Registration number: 01991237)
Balance Sheet as at 30 September 2024

.........................................
Mr H J Humphris
Director

 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 33a Pony Road
Horspath Industrial Estate
Oxfordshire
OX4 2RF

These financial statements were authorised for issue by the Board on 15 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The comany has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts..

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the parent company will continue to financially support the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

20% reducing balance

Fixtures and fittings

10% straight line

Motor vehicles

25%-33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

162,457

2,251

164,708

Additions

280

-

280

At 30 September 2024

162,737

2,251

164,988

Depreciation

At 1 October 2023

148,917

919

149,836

Charge for the year

1,806

605

2,411

At 30 September 2024

150,723

1,524

152,247

Carrying amount

At 30 September 2024

12,014

727

12,741

At 30 September 2023

13,540

1,332

14,872

5

Stocks

2024
£

2023
£

Other inventories

87,545

86,582

6

Debtors

2024
£

2023
£

Trade debtors

12,196

2,188

Prepayments

5,421

4,938

Other debtors

20

20

17,637

7,146

 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,234

4,715

Taxation and social security

4,068

9,580

Accruals and deferred income

2,600

2,500

Other creditors

3,168

3,009

19,070

19,804

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

137,718

188,390

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capital of £1 each

100

100

100

100

       
 

Humphris (Oxford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Related party transactions

Loans from related parties

2024

Parent
£

Total
£

At start of period

188,390

188,390

Advanced

(102,173)

(102,173)

Repaid

51,501

51,501

At end of period

137,718

137,718

2023

Parent
£

Total
£

At start of period

206,252

206,252

Advanced

(47,001)

(47,001)

Repaid

29,139

29,139

At end of period

188,390

188,390