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REGISTERED NUMBER: 07523447 (England and Wales)















OXFORD NANOSYSTEMS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

OXFORD NANOSYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: H A Laing
Dr A Reip





REGISTERED OFFICE: Unit 11 Blacklands Way
Abingdon Business Park
Abingdon
United Kingdom
OX14 1DY





REGISTERED NUMBER: 07523447 (England and Wales)





ACCOUNTANTS: Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP

OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,764 216,513

CURRENT ASSETS
Debtors 5 160,776 207,150
Cash at bank 78,304 356,881
239,080 564,031
CREDITORS
Amounts falling due within one year 6 53,600 37,988
NET CURRENT ASSETS 185,480 526,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,244

742,556

CREDITORS
Amounts falling due after more than one
year

7

18,339

10,456
NET ASSETS 206,905 732,100

CAPITAL AND RESERVES
Called up share capital 180,890 167,441
Share premium 3,897,998 3,709,712
Retained earnings (3,871,983 ) (3,145,053 )
206,905 732,100

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.

OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





H A Laing - Director


OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Oxford Nanosystems Ltd 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements that are deemed to have had a significant effect on amounts recognised in the financial statements.

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.
Land and buildings - 10% on cost
Plant and machinery - 20% on cost
Furniture, fittings & equipment - 25% on cost and 10% 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.

OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.

Trademarks, patents & licences costs are expensed to the profit and loss in the year in which the cost is incurred.

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.

GRANTS
The company recognises grant income in the period in which the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Furniture,
Land and Plant and fittings
buildings machinery & equipment Totals
£    £    £    £   
COST
At 1 January 2024 196,259 447,791 20,239 664,289
Additions - 16,679 2,487 19,166
Impairments (78,504 ) (60,847 ) - (139,351 )
At 31 December 2024 117,755 403,623 22,726 544,104
DEPRECIATION
At 1 January 2024 98,129 332,603 17,044 447,776
Charge for year 19,626 35,382 1,556 56,564
At 31 December 2024 117,755 367,985 18,600 504,340
NET BOOK VALUE
At 31 December 2024 - 35,638 4,126 39,764
At 31 December 2023 98,130 115,188 3,195 216,513

Plant and Machinery with a carrying value of £29,304 (2023: £24,443) are held under finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,505 -
Other debtors 156,271 207,150
160,776 207,150

OXFORD NANOSYSTEMS LTD (REGISTERED NUMBER: 07523447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,118
Trade creditors 38,992 3,876
Other creditors 14,608 30,994
53,600 37,988

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 18,339 10,456

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OXFORD NANOSYSTEMS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxford Nanosystems Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oxford Nanosystems Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxford Nanosystems Ltd and state those matters that we have agreed to state to the Board of Directors of Oxford Nanosystems Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxford Nanosystems Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oxford Nanosystems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Oxford Nanosystems Ltd. You consider that Oxford Nanosystems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oxford Nanosystems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP


6 May 2025