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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
Page
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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
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Oxtech Facilities Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,868 
80,481 
Current assets
Inventories
15,500 
12,500 
Debtors
38,154 
60,214 
Cash at bank and in hand
287,650 
163,738 
341,304 
236,452 
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 
Capital and reserves
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
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Oxtech Facilities Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
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. 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
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 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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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 
Depreciation
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 
Net book value
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 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
15,500 
12,500 
15,500 
12,500 
6
Debtors
2024 
2023 
£ 
£ 
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 
38,154 
60,214 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
52,939 
23,036 
Taxes and social security
91,491 
64,208 
Other creditors
884 
122 
Loans from directors
10,338 
7,033 
Accruals
4,847 
2,968 
Deferred income
16,671 
4,833 
177,170 
102,200 
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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 
2024 
2023 
£ 
£ 
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 
9
Share capital
2024 
2023 
£ 
£ 
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 
- 
106,441 
- 
11
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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