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Company Registration No. 11353346 (England and Wales)
Ox Overland Ltd Unaudited accounts for the year ended 31 May 2024
Ox Overland Ltd Unaudited accounts Contents
Page
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Ox Overland Ltd Company Information for the year ended 31 May 2024
Directors
Dean Lutton Tina Lutton
Company Number
11353346 (England and Wales)
Registered Office
53 GLOUCESTER ROAD TEWKESBURY GL20 5SS ENGLAND
Accountants
MAB Accountancy Hub Ltd 82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ
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Ox Overland Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
1,140 
1,784 
Current assets
Inventories
35,000 
15,000 
Debtors
- 
11,798 
Cash at bank and in hand
4,987 
8,182 
39,987 
34,980 
Creditors: amounts falling due within one year
(21,322)
(31,977)
Net current assets
18,665 
3,003 
Total assets less current liabilities
19,905 
4,887 
Creditors: amounts falling due after more than one year
(42,876)
(22,702)
Net liabilities
(22,971)
(17,815)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(23,071)
(17,915)
Shareholders' funds
(22,971)
(17,815)
For the year ending 31 May 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 27 February 2025 and were signed on its behalf by
Dean Lutton Director Company Registration No. 11353346
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Ox Overland Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Ox Overland Ltd is a private company, limited by shares, registered in England and Wales, registration number 11353346. The registered office is 53 GLOUCESTER ROAD, TEWKESBURY, GL20 5SS, 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
15% Straight Line
Computer equipment
20% Straight LIne
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ox Overland Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
3,700 
442 
4,142 
At 31 May 2024
3,700 
442 
4,142 
Depreciation
At 1 June 2023
2,115 
243 
2,358 
Charge for the year
555 
89 
644 
At 31 May 2024
2,670 
332 
3,002 
Net book value
At 31 May 2024
1,030 
110 
1,140 
At 31 May 2023
1,585 
199 
1,784 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,095 
Amounts falling due after more than one year
Other debtors
- 
9,703 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,665 
2,598 
VAT
- 
2,375 
Trade creditors
- 
78 
Other creditors
934 
- 
Loans from directors
17,723 
26,926 
21,322 
31,977 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,530 
5,202 
Loans from directors
40,346 
17,500 
42,876 
22,702 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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