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
ONYX BUILD LTD
Statement of financial position
as at 31 December 2024
Tangible assets
47,435
45,595
Cash at bank and in hand
26,270
42,396
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)
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
ONYX BUILD LTD
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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 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 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.
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 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.
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
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
At 31 December 2024
1,619
44,923
893
47,435
At 31 December 2023
2,435
41,811
1,349
45,595
Work in progress
16,550
5,500
Amounts falling due within one year
Trade debtors
34,486
24,239
Accrued income and prepayments
-
18,192
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,347
10,686
Taxes and social security
5,811
5,468
Loans from directors
53,480
43,817
8
Creditors: amounts falling due after more than one year
2024
2023
ONYX BUILD LTD
Notes to the Accounts
for the year ended 31 December 2024
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).