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REGISTERED NUMBER: 05217978 (England and Wales)















OXYGEN ASSET MANAGEMENT LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024






OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OXYGEN ASSET MANAGEMENT LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Harris
A Woodward





SECRETARY: A Woodward





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 05217978 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 1,093,337 1,093,989
Cash at bank 144,814 171,323
1,238,151 1,265,312
CREDITORS
Amounts falling due within one year 6 566,770 518,466
NET CURRENT ASSETS 671,381 746,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,382

746,847

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 671,082 746,547
SHAREHOLDERS' FUNDS 671,382 746,847

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:



A Woodward - Director



M J Harris - Director


OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

OXYGEN ASSET MANAGEMENT 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 recognised on an accruals basis when services are provided. Turnover is measured as the fair value of the consideration received, excluding trade discounts and value added tax.

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978)

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

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are stated at fair value where the fair value can be measured reliably. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Any impairment during the year is recognised in the statement of income and retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 3,778 15,212 18,641 37,631
DEPRECIATION
At 1 January 2024
and 31 December 2024 3,778 15,212 18,640 37,630
NET BOOK VALUE
At 31 December 2024 - - 1 1
At 31 December 2023 - - 1 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 533,834 606,700
Amounts owed by group undertakings 408,876 408,916
Other debtors 150,627 78,373
1,093,337 1,093,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 20,436 12,593
Taxation 278,551 226,650
Other creditors 267,783 279,223
566,770 518,466

OXYGEN ASSET MANAGEMENT LIMITED (Registered number: 05217978)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1.00 200 200
100 Ordinary non-voting £1.00 100 100
300 300

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as control is shared by the two directors M.J.Harris and A Woodward, by virtue of their 100% holding of the company's shares.