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REGISTERED NUMBER: 08125683 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Oxford Specialist Coachbuilders Limited

Oxford Specialist Coachbuilders Limited (Registered number: 08125683)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oxford Specialist Coachbuilders Limited

Company Information
for the Year Ended 31st July 2024







DIRECTOR: I Fraser





SECRETARY:





REGISTERED OFFICE: Unit 9 Enstone Airfield North Banbury Ro
Church Enstone
Chipping Norton
Oxfordshire
OX7 4NS





REGISTERED NUMBER: 08125683 (England and Wales)





ACCOUNTANTS: Business Control Limited
Red Lion Yard
Odd Down
Bath
Somerset
BA2 2PP

Oxford Specialist Coachbuilders Limited (Registered number: 08125683)

Balance Sheet
31st July 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 219,674 152,715

CURRENT ASSETS
Stocks 218,133 354,718
Debtors 5 70,331 214,504
Cash at bank and in hand 158,090 9,798
446,554 579,020
CREDITORS
Amounts falling due within one year 6 (349,480 ) (313,187 )
NET CURRENT ASSETS 97,074 265,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,748

418,548

CREDITORS
Amounts falling due after more than one year 7 (73,041 ) (192,731 )

PROVISIONS FOR LIABILITIES (24,566 ) (24,566 )
NET ASSETS 219,141 201,251

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,041 201,151
219,141 201,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Oxford Specialist Coachbuilders Limited (Registered number: 08125683)

Balance Sheet - continued
31st July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th April 2025 and were signed by:





I Fraser - Director


Oxford Specialist Coachbuilders Limited (Registered number: 08125683)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Oxford Specialist Coachbuilders Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Oxford Specialist Coachbuilders Limited (Registered number: 08125683)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1st August 2023 44,707 135,181 868
Additions 1,725 19,006 1,070
Disposals - - -
At 31st July 2024 46,432 154,187 1,938
DEPRECIATION
At 1st August 2023 9,468 89,454 59
Charge for year 12,639 19,191 223
Eliminated on disposal - - -
At 31st July 2024 22,107 108,645 282
NET BOOK VALUE
At 31st July 2024 24,325 45,542 1,656
At 31st July 2023 35,239 45,727 809

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1st August 2023 89,022 7,300 277,078
Additions 99,330 1,791 122,922
Disposals (19,143 ) - (19,143 )
At 31st July 2024 169,209 9,091 380,857
DEPRECIATION
At 1st August 2023 23,183 2,199 124,363
Charge for year 16,314 1,853 50,220
Eliminated on disposal (13,400 ) - (13,400 )
At 31st July 2024 26,097 4,052 161,183
NET BOOK VALUE
At 31st July 2024 143,112 5,039 219,674
At 31st July 2023 65,839 5,101 152,715

Oxford Specialist Coachbuilders Limited (Registered number: 08125683)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 62,059 191,311
Bad Debt Provision - (13,200 )
Other debtors - 29,990
Directors' current accounts - 4,196
Prepayments 8,272 2,207
70,331 214,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 22,401 32,500
Trade creditors 150,275 108,855
Tax 10,252 39,700
Social security and other taxes (5,008 ) 10,740
VAT 41,470 84,790
Other creditors 28,690 36,602
Directors' current accounts 101,400 -
349,480 313,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 72,921 9,687
Accruals and deferred income 120 183,044
73,041 192,731