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Company Registration No. 14498978 (England and Wales)
ONYX BUILD LTD Unaudited accounts for the year ended 31 December 2024
ONYX BUILD LTD Unaudited accounts Contents
Page
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ONYX BUILD LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
47,435 
45,595 
Current assets
Inventories
16,550 
5,500 
Debtors
34,486 
42,941 
Cash at bank and in hand
26,270 
42,396 
77,306 
90,837 
Creditors: amounts falling due within one year
(97,813)
(111,252)
Net current liabilities
(20,507)
(20,415)
Total assets less current liabilities
26,928 
25,180 
Creditors: amounts falling due after more than one year
(14,742)
- 
Provisions for liabilities
Deferred tax
(8,313)
(8,663)
Net assets
3,873 
16,517 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
3,869 
16,513 
Shareholders' funds
3,873 
16,517 
For the year ending 31 December 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 11 April 2025 and were signed on its behalf by
Leo HAINES Director Company Registration No. 14498978
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ONYX BUILD LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ONYX BUILD LTD is a private company, limited by shares, registered in England and Wales, registration number 14498978. The registered office is 14 Milestone Road, , Carterton, Oxfordshire, OX18 3RE, 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 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
33% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing difference between the treatment of certain items for accounts purposes and their treatment for tax purpose. Tax deferred or accelerated is accounted for in respect of all material timing differences.
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ONYX BUILD LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
3,371 
50,443 
1,428 
55,242 
Additions
- 
14,143 
- 
14,143 
At 31 December 2024
3,371 
64,586 
1,428 
69,385 
Depreciation
At 1 January 2024
936 
8,632 
79 
9,647 
Charge for the year
816 
11,031 
456 
12,303 
At 31 December 2024
1,752 
19,663 
535 
21,950 
Net book value
At 31 December 2024
1,619 
44,923 
893 
47,435 
At 31 December 2023
2,435 
41,811 
1,349 
45,595 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
16,550 
5,500 
16,550 
5,500 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,486 
24,239 
Accrued income and prepayments
- 
18,192 
Other debtors
- 
510 
34,486 
42,941 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,252 
17,202 
Trade creditors
14,347 
10,686 
Taxes and social security
5,811 
5,468 
Other creditors
983 
439 
Loans from directors
53,480 
43,817 
Accruals
2,940 
2,640 
Deferred income
- 
31,000 
97,813 
111,252 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,742 
- 
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ONYX BUILD LTD Notes to the Accounts for the year ended 31 December 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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