Oxford Building Supplies Limited 04842931 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is a hardware and DIY retail shop. Digita Accounts Production Advanced 6.30.9574.0 true 04842931 2023-08-01 2024-07-31 04842931 2024-07-31 04842931 core:CurrentFinancialInstruments 2024-07-31 04842931 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 04842931 core:MotorVehicles 2024-07-31 04842931 core:OfficeEquipment 2024-07-31 04842931 core:PlantMachinery 2024-07-31 04842931 bus:SmallEntities 2023-08-01 2024-07-31 04842931 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04842931 bus:FilletedAccounts 2023-08-01 2024-07-31 04842931 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04842931 bus:RegisteredOffice 2023-08-01 2024-07-31 04842931 bus:Director1 2023-08-01 2024-07-31 04842931 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04842931 core:MotorVehicles 2023-08-01 2024-07-31 04842931 core:OfficeEquipment 2023-08-01 2024-07-31 04842931 core:PlantMachinery 2023-08-01 2024-07-31 04842931 countries:EnglandWales 2023-08-01 2024-07-31 04842931 2023-07-31 04842931 core:MotorVehicles 2023-07-31 04842931 core:OfficeEquipment 2023-07-31 04842931 core:PlantMachinery 2023-07-31 04842931 2022-08-01 2023-07-31 04842931 2023-07-31 04842931 core:CurrentFinancialInstruments 2023-07-31 04842931 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04842931 core:MotorVehicles 2023-07-31 04842931 core:OfficeEquipment 2023-07-31 04842931 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 04842931

Oxford Building Supplies Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Oxford Building Supplies Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Oxford Building Supplies Limited

(Registration number: 04842931)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,767

7,690

Current assets

 

Stocks

5

30,000

30,000

Debtors

6

4,078

4,240

Cash at bank and in hand

 

27,911

25,142

 

61,989

59,382

Creditors: Amounts falling due within one year

7

(42,728)

(32,443)

Net current assets

 

19,261

26,939

Total assets less current liabilities

 

25,028

34,629

Provisions for liabilities

(1,096)

(1,461)

Net assets

 

23,932

33,168

Capital and reserves

 

Called up share capital

1

1

Retained earnings

23,931

33,167

Shareholders' funds

 

23,932

33,168

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Oxford Building Supplies Limited

(Registration number: 04842931)
Balance Sheet as at 31 July 2024

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 February 2025
 

.........................................
J A O'Shea
Director

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of hardware and DIY goods. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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:

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Asset class

Depreciation method and rate

Plant and machinery

25% of net book value

Motor vehicles

25% of net book value

Office equipment

25% of net book value

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.

Debtors

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

Stocks

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

11,863

537

20,164

32,564

At 31 July 2024

11,863

537

20,164

32,564

Depreciation

At 1 August 2023

11,794

537

12,543

24,874

Charge for the year

18

-

1,905

1,923

At 31 July 2024

11,812

537

14,448

26,797

Carrying amount

At 31 July 2024

51

-

5,716

5,767

At 31 July 2023

69

-

7,621

7,690

5

Stocks

2024
£

2023
£

Other inventories

30,000

30,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

4,078

4,240

 

4,078

4,240

 

Oxford Building Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

23,518

17,380

Taxation and social security

4,147

9,119

Other creditors

15,063

5,944

42,728

32,443

8

Related party transactions

Transactions with the director

Other transactions with the director

During the year the director, J A O'Shea had a loan with the company. At the balance sheet date £13,064 remains due to the director (2023: £3,945).