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REGISTERED NUMBER: 06746984 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OXFORD GLASS & GLAZING SYSTEMS LTD

OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)






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


OXFORD GLASS & GLAZING SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mrs H K Rogers





SECRETARY: Mr C Rogers





REGISTERED OFFICE: Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL





REGISTERED NUMBER: 06746984 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,723 76,965
57,723 76,965

CURRENT ASSETS
Stocks 9,250 9,878
Debtors 6 43,831 76,813
Cash at bank 287,331 229,451
340,412 316,142
CREDITORS
Amounts falling due within one year 7 144,613 158,621
NET CURRENT ASSETS 195,799 157,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,522

234,486

CREDITORS
Amounts falling due after more than one
year

8

(51,369

)

(61,247

)

PROVISIONS FOR LIABILITIES 9 (10,385 ) (11,620 )
NET ASSETS 191,768 161,619

CAPITAL AND RESERVES
Called up share capital 10 75 75
Capital redemption reserve 25 25
Retained earnings 191,668 161,519
SHAREHOLDERS' FUNDS 191,768 161,619

OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

BALANCE SHEET - continued
31 DECEMBER 2024


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 director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





Mrs H K Rogers - Director


OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

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

1. STATUTORY INFORMATION

Oxford Glass & Glazing Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 240,000
AMORTISATION
At 1 January 2024
and 31 December 2024 240,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 34,022 226 107,940 6,745 148,933
DEPRECIATION
At 1 January 2024 31,310 222 34,134 6,302 71,968
Charge for year 678 1 18,452 111 19,242
At 31 December 2024 31,988 223 52,586 6,413 91,210
NET BOOK VALUE
At 31 December 2024 2,034 3 55,354 332 57,723
At 31 December 2023 2,712 4 73,806 443 76,965

OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 79,940
DEPRECIATION
At 1 January 2024 19,985
Charge for year 14,989
At 31 December 2024 34,974
NET BOOK VALUE
At 31 December 2024 44,966
At 31 December 2023 59,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 36,657 73,253
Other debtors 510 60
Prepayments 6,664 3,500
43,831 76,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 9,878 9,878
Trade creditors 33,475 29,797
Credit card 16,628 18,554
Tax 26,403 617
Social security and other taxes 2,292 2,389
VAT 30,870 35,567
Proposed dividends 1,000 1,000
Other creditors 468 451
Directors' current accounts 3,583 5,271
Accruals and deferred income 20,016 55,097
144,613 158,621

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 51,369 61,247

OXFORD GLASS & GLAZING SYSTEMS LTD (REGISTERED NUMBER: 06746984)

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

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 10,385 11,620

Deferred
tax
£   
Balance at 1 January 2024 11,620
Provided during year (1,235 )
Balance at 31 December 2024 10,385

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
75 75

11. OTHER FINANCIAL COMMITMENTS

The company is committed to pay lease rentals on property of £25,215 per annum.