Company Registration No. 13674287 (England and Wales)
Oxon Design Ltd
Unaudited accounts
for the year ended 31 October 2024
Oxon Design Ltd
Unaudited accounts
Contents
Oxon Design Ltd
Company Information
for the year ended 31 October 2024
Director
Andrew Douglas Smith
Company Number
13674287 (England and Wales)
Registered Office
16 Moorcroft Road
Wallasey
Merseyside
CH45 8QF
England
Accountants
Collective Concepts Accounting Ltd
Oxon Design Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
19,690
456
Cash at bank and in hand
667
1,171
Creditors: amounts falling due within one year
(9,094)
(4,324)
Net current assets/(liabilities)
3,482
(455)
Total assets less current liabilities
23,172
1
Creditors: amounts falling due after more than one year
(15,024)
-
Called up share capital
1
1
Profit and loss account
8,147
-
Shareholders' funds
8,148
1
For the year ending 31 October 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 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 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 and authorised for issue on 20 March 2025 and were signed on its behalf by
Andrew Douglas Smith
Director
Company Registration No. 13674287
Oxon Design Ltd
Notes to the Accounts
for the year ended 31 October 2024
Oxon Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 13674287. The registered office is 16 Moorcroft Road, Wallasey, Merseyside, CH45 8QF, 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.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Oxon Design Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
-
-
570
570
Additions
19,895
1,280
241
21,416
At 31 October 2024
19,895
1,280
811
21,986
At 1 November 2023
-
-
114
114
Charge for the year
1,821
244
117
2,182
At 31 October 2024
1,821
244
231
2,296
At 31 October 2024
18,074
1,036
580
19,690
At 31 October 2023
-
-
456
456
Amounts falling due within one year
Accrued income and prepayments
637
-
Other debtors
11,272
2,698
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,433
-
Amounts owed to group undertakings and other participating interests
-
452
Taxes and social security
5,645
3,512
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
As of 31/10/2024 the director owes an amount of £9,949 to the entity. (£2,698 : 2023)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).