Company Registration No. 13040133 (England and Wales)
Oxtech Facilities Ltd
Unaudited accounts
for the year ended 30 November 2024
Oxtech Facilities Ltd
Unaudited accounts
Contents
Oxtech Facilities Ltd
Company Information
for the year ended 30 November 2024
Directors
M P Licata
M W Barrett
Company Number
13040133 (England and Wales)
Registered Office
Unit 21 Chiltern Business Centre
Garsington Road
Oxford
Oxfordshire
OX4 6NG
England
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Oxtech Facilities Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
86,868
80,481
Cash at bank and in hand
287,650
163,738
Creditors: amounts falling due within one year
(177,170)
(102,200)
Net current assets
164,134
134,252
Total assets less current liabilities
251,002
214,733
Provisions for liabilities
Deferred tax
(21,069)
(20,120)
Net assets
229,933
194,613
Called up share capital
100
100
Profit and loss account
229,833
194,513
Shareholders' funds
229,933
194,613
For the year ending 30 November 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 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 of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
M P Licata
Director
Company Registration No. 13040133
Oxtech Facilities Ltd
Notes to the Accounts
for the year ended 30 November 2024
Oxtech Facilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 13040133. The registered office is Unit 21 Chiltern Business Centre, Garsington Road, Oxford, Oxfordshire, OX4 6NG, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Straight Line
Motor vehicles
33% Reducing Balance
Computer equipment
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Oxtech Facilities Ltd
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
19,111
127,758
-
1,138
148,007
Additions
10,812
32,809
5,260
1,644
50,525
At 30 November 2024
29,923
160,567
5,260
2,782
198,532
At 1 December 2023
9,053
57,930
-
543
67,526
Charge for the year
7,481
34,209
1,753
695
44,138
At 30 November 2024
16,534
92,139
1,753
1,238
111,664
At 30 November 2024
13,389
68,428
3,507
1,544
86,868
At 30 November 2023
10,058
69,828
-
595
80,481
Raw materials
15,500
12,500
Amounts falling due within one year
Trade debtors
22,214
12,832
Accrued income and prepayments
14,100
13,715
Other debtors
1,840
33,667
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
52,939
23,036
Taxes and social security
91,491
64,208
Loans from directors
10,338
7,033
Deferred income
16,671
4,833
Oxtech Facilities Ltd
Notes to the Accounts
for the year ended 30 November 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
21,069
20,120
Provision at start of year
20,120
12,098
Charged to the profit and loss account
949
8,022
Provision at end of year
21,069
20,120
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2024
2023
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
42,837
-
Later than one year and not later than five years
63,604
-
11
Average number of employees
During the year the average number of employees was 9 (2023: 8).