IRIS Accounts Production v24.3.2.46 03947534 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039475342023-04-30039475342024-04-30039475342023-05-012024-04-30039475342022-04-30039475342022-05-012023-04-30039475342023-04-3003947534ns15:EnglandWales2023-05-012024-04-3003947534ns14:PoundSterling2023-05-012024-04-3003947534ns10:Director12023-05-012024-04-3003947534ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003947534ns10:SmallEntities2023-05-012024-04-3003947534ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003947534ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003947534ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003947534ns10:FullAccounts2023-05-012024-04-3003947534ns10:OrdinaryShareClass12023-05-012024-04-3003947534ns10:Director22023-05-012024-04-3003947534ns10:Director32023-05-012024-04-3003947534ns10:Director52023-05-012024-04-3003947534ns10:CompanySecretary12023-05-012024-04-3003947534ns10:RegisteredOffice2023-05-012024-04-3003947534ns5:CurrentFinancialInstruments2024-04-3003947534ns5:CurrentFinancialInstruments2023-04-3003947534ns5:ShareCapital2024-04-3003947534ns5:ShareCapital2023-04-3003947534ns5:RetainedEarningsAccumulatedLosses2024-04-3003947534ns5:RetainedEarningsAccumulatedLosses2023-04-3003947534ns5:FurnitureFittings2023-05-012024-04-3003947534ns5:MotorVehicles2023-05-012024-04-3003947534ns5:ComputerEquipment2023-05-012024-04-3003947534ns5:FurnitureFittings2023-04-3003947534ns5:MotorVehicles2023-04-3003947534ns5:ComputerEquipment2023-04-3003947534ns5:FurnitureFittings2024-04-3003947534ns5:MotorVehicles2024-04-3003947534ns5:ComputerEquipment2024-04-3003947534ns5:FurnitureFittings2023-04-3003947534ns5:MotorVehicles2023-04-3003947534ns5:ComputerEquipment2023-04-3003947534ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3003947534ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3003947534ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 03947534 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Oxspring Network Solutions Limited

Oxspring Network Solutions Limited (Registered number: 03947534)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Oxspring Network Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr I A Wroe
Mr C Tattersall
Mr L Batty
Mr J Tomlinson





SECRETARY: Mr C Tattersall





REGISTERED OFFICE: The Old Waterworks
Huddersfield Road
Penistone
Sheffield
South Yorkshire
S36 7GF





REGISTERED NUMBER: 03947534 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Oxspring Network Solutions Limited (Registered number: 03947534)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 17,971 25,037

CURRENT ASSETS
Stocks 82,911 32,293
Debtors 6 177,377 642,039
Cash at bank 1,002,172 1,242,535
1,262,460 1,916,867
CREDITORS
Amounts falling due within one year 7 (198,320 ) (564,688 )
NET CURRENT ASSETS 1,064,140 1,352,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,082,111

1,377,216

PROVISIONS FOR LIABILITIES - (2,393 )
NET ASSETS 1,082,111 1,374,823

CAPITAL AND RESERVES
Called up share capital 8 77,000 77,000
Retained earnings 1,005,111 1,297,823
SHAREHOLDERS' FUNDS 1,082,111 1,374,823

Oxspring Network Solutions Limited (Registered number: 03947534)

Statement of Financial Position - continued
30 April 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr I A Wroe - Director


Oxspring Network Solutions Limited (Registered number: 03947534)

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

1. STATUTORY INFORMATION

Oxspring Network Solutions 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

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

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities. Turnover is recognised at the point of despatch of the goods and at the point of providing the services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Oxspring Network Solutions Limited (Registered number: 03947534)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 14,922 54,996 79,977 149,895
Additions 666 - 1,758 2,424
At 30 April 2024 15,588 54,996 81,735 152,319
DEPRECIATION
At 1 May 2023 13,734 33,592 77,532 124,858
Charge for year 1,299 5,351 2,840 9,490
At 30 April 2024 15,033 38,943 80,372 134,348
NET BOOK VALUE
At 30 April 2024 555 16,053 1,363 17,971
At 30 April 2023 1,188 21,404 2,445 25,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,411 605,760
Other debtors 34,966 36,279
177,377 642,039

Oxspring Network Solutions Limited (Registered number: 03947534)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 186,693 495,821
Taxation and social security 9,864 53,511
Other creditors 1,763 15,356
198,320 564,688

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
77,000 Ordinary £1 77,000 77,000