General Information
The Oxford Bar Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09088181, registration address Unit 16 Grange Farm Industrial Estate, Little Chesterton, Bicester, OX25 3PD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
5 years Straight Line
|
| Motor Vehicles |
5 years Straight Line
|
| Computer Equipment |
5 years Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2023 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 July 2023 |
61,655 |
|
20,000 |
|
11,275 |
|
92,930 |
| Additions |
37,099 |
|
- |
|
- |
|
37,099 |
| Disposals |
- |
|
- |
|
(861) |
|
(861) |
| At 30 June 2024 |
98,754 |
|
20,000 |
|
10,414 |
|
129,168 |
| Depreciation |
| At 01 July 2023 |
26,604 |
|
20,000 |
|
5,892 |
|
52,496 |
| Charge for year |
12,354 |
|
- |
|
1,887 |
|
14,241 |
| On disposals |
- |
|
- |
|
(861) |
|
(861) |
| At 30 June 2024 |
38,958 |
|
20,000 |
|
6,918 |
|
65,876 |
| Net book values |
| Closing balance as at 30 June 2024 |
59,796 |
|
- |
|
3,496 |
|
63,292 |
| Opening balance as at 01 July 2023 |
35,051 |
|
- |
|
5,383 |
|
40,434 |
|
| 4. |
Stocks
|
2024
£ |
|
2023
£ |
| Stocks |
35,000 |
|
35,000 |
|
35,000 |
|
35,000 |
|
| 5. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
1,882 |
|
10,010 |
| Amount Owed by Group Undertakings |
97,079 |
|
- |
| Prepayments |
1,346 |
|
3,800 |
| Accrued Income |
- |
|
610 |
| Other Debtors |
585 |
|
- |
|
100,892 |
|
14,420 |
|
| 6. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
20,594 |
|
65,443 |
| Corporation Tax |
26,205 |
|
17,875 |
| Accrued Expenses |
222 |
|
- |
| Deferred income |
- |
|
121 |
| Other Creditors |
- |
|
5,840 |
| Directors' Current Accounts |
15,976 |
|
21,859 |
| VAT |
24,325 |
|
27,021 |
|
87,322 |
|
138,159 |
|
| 7. |
Provisions for liabilities
|
2024
£ |
|
2023
£ |
| Deferred Tax |
16,772 |
|
10,715 |
|
16,772 |
|
10,715 |
|
| 8. |
Share Capital
Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
|
2024
£ |
|
2023
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 9. |
Summary of transactions with parent
The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary of the group.
|
| 10. |
Ultimate Controlling Party
On 26 March 2024 100% of the company's share capital was sold. The company's immediate and ultimate parent undertaking is now OBC Cellar Tech Services. OBC Cellar Tech Services was incorporated in England and Wales.
The ultimate controlling party is Emma Kasprowicz who controls 100% of the shares of The Oxford Bar Company Limited.
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2
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