Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09678027 Mr Z Awan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09678027 2023-07-31 09678027 2024-07-31 09678027 2023-08-01 2024-07-31 09678027 frs-core:CurrentFinancialInstruments 2024-07-31 09678027 frs-core:ComputerEquipment 2024-07-31 09678027 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09678027 frs-core:ComputerEquipment 2023-07-31 09678027 frs-core:FurnitureFittings 2024-07-31 09678027 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09678027 frs-core:FurnitureFittings 2023-07-31 09678027 frs-core:ShareCapital 2024-07-31 09678027 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09678027 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09678027 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09678027 frs-bus:SmallEntities 2023-08-01 2024-07-31 09678027 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09678027 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09678027 1 2023-08-01 2024-07-31 09678027 frs-bus:Director1 2023-08-01 2024-07-31 09678027 frs-countries:EnglandWales 2023-08-01 2024-07-31 09678027 2022-07-31 09678027 2023-07-31 09678027 2022-08-01 2023-07-31 09678027 frs-core:CurrentFinancialInstruments 2023-07-31 09678027 frs-core:ShareCapital 2023-07-31 09678027 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09678027
Oxiflo Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09678027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,639 1,417
1,639 1,417
CURRENT ASSETS
Stocks 5 720 985
Debtors 6 69,924 30,903
Cash at bank and in hand 3,770 18,367
74,414 50,255
Creditors: Amounts Falling Due Within One Year 7 (40,340 ) (14,704 )
NET CURRENT ASSETS (LIABILITIES) 34,074 35,551
TOTAL ASSETS LESS CURRENT LIABILITIES 35,713 36,968
NET ASSETS 35,713 36,968
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement 35,613 36,868
SHAREHOLDERS' FUNDS 35,713 36,968
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Z Awan
Director
06/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Oxiflo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09678027 . The registered office is Office M 11-17 Fowler Road, Hainault Business Park, Ilford, IG6 3UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 306 7,010 7,316
Additions 820 275 1,095
As at 31 July 2024 1,126 7,285 8,411
Depreciation
As at 1 August 2023 105 5,794 5,899
Provided during the period 174 699 873
As at 31 July 2024 279 6,493 6,772
Net Book Value
As at 31 July 2024 847 792 1,639
As at 1 August 2023 201 1,216 1,417
5. Stocks
2024 2023
£ £
Finished goods 720 985
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,171 12,993
Other debtors 18,753 17,910
69,924 30,903
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,313 989
Other creditors 3,499 2,288
Taxation and social security 22,528 11,427
40,340 14,704
8. Ultimate Controlling Party
The ultimate controlling party is Mr Z Awan.
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