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2023-09-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
13667480
2023-09-01
2024-08-31
13667480
2024-08-31
13667480
2023-08-31
13667480
2022-09-01
2023-08-31
13667480
2023-08-31
13667480
2022-08-31
13667480
core:NetGoodwill
2023-09-01
2024-08-31
13667480
bus:RegisteredOffice
2023-09-01
2024-08-31
13667480
bus:OrdinaryShareClass1
2023-09-01
2024-08-31
13667480
bus:LeadAgentIfApplicable
2023-09-01
2024-08-31
13667480
bus:Director1
2023-09-01
2024-08-31
13667480
core:NetGoodwill
2023-08-31
13667480
core:NetGoodwill
2024-08-31
13667480
core:LandBuildings
core:ShortLeaseholdAssets
2023-08-31
13667480
core:FurnitureFittingsToolsEquipment
2023-08-31
13667480
core:LandBuildings
core:ShortLeaseholdAssets
2024-08-31
13667480
core:FurnitureFittingsToolsEquipment
2024-08-31
13667480
core:WithinOneYear
2024-08-31
13667480
core:WithinOneYear
2023-08-31
13667480
core:AfterOneYear
2023-08-31
13667480
core:ShareCapital
2024-08-31
13667480
core:ShareCapital
2023-08-31
13667480
core:RetainedEarningsAccumulatedLosses
2024-08-31
13667480
core:RetainedEarningsAccumulatedLosses
2023-08-31
13667480
bus:OrdinaryShareClass1
core:ShareCapital
2024-08-31
13667480
bus:OrdinaryShareClass1
core:ShareCapital
2023-08-31
13667480
core:DeferredTaxation
2023-09-01
2024-08-31
13667480
core:LandBuildings
core:ShortLeaseholdAssets
2023-09-01
2024-08-31
13667480
core:FurnitureFittingsToolsEquipment
2023-09-01
2024-08-31
13667480
core:NetGoodwill
2023-08-31
13667480
core:AcceleratedTaxDepreciationDeferredTax
2024-08-31
13667480
core:AcceleratedTaxDepreciationDeferredTax
2023-08-31
13667480
core:TaxLossesCarry-forwardsDeferredTax
2023-08-31
13667480
core:LandBuildings
core:ShortLeaseholdAssets
2023-08-31
13667480
core:FurnitureFittingsToolsEquipment
2023-08-31
13667480
core:DeferredTaxation
2023-08-31
13667480
core:DeferredTaxation
2024-08-31
13667480
bus:SmallEntities
2023-09-01
2024-08-31
13667480
bus:AuditExemptWithAccountantsReport
2023-09-01
2024-08-31
13667480
bus:SmallCompaniesRegimeForAccounts
2023-09-01
2024-08-31
13667480
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
13667480
bus:FullAccounts
2023-09-01
2024-08-31
Oxford Fresh Food Ltd
Filleted accounts
31 August 2024
Company registration number:
13667480
Oxford Fresh Food Ltd
Directors and other information
|
|
|
|
Director |
A Muzha |
|
|
|
|
|
|
|
Company number |
13667480 |
|
|
|
|
|
|
|
Registered office |
55 Bailey Road |
|
|
Oxford |
|
|
OX4 3HY |
|
|
|
|
|
|
|
Accountants |
Cox Hinkins & Co. Limited |
|
|
Accountants and Taxation Advisors |
|
|
The Old Dairy |
|
|
12 Stephen Road |
|
|
Headington |
|
|
Oxford |
|
|
OX3 9AY |
|
|
|
Oxford Fresh Food Ltd
Balance sheet
31st August 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
58,180 |
|
|
|
76,553 |
|
|
|
Tangible assets |
|
6 |
20,422 |
|
|
|
27,139 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
78,602 |
|
|
|
103,692 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Stocks |
|
|
1,785 |
|
|
|
1,700 |
|
|
|
Debtors |
|
7 |
21,395 |
|
|
|
22,440 |
|
|
|
Cash at bank and in hand |
|
|
19,468 |
|
|
|
26,156 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
42,648 |
|
|
|
50,296 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
133,855) |
|
|
|
(
145,581) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current liabilities |
|
|
|
|
(
91,207) |
|
|
|
(
95,285) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
(
12,605) |
|
|
|
8,407 |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
- |
|
|
|
(
12,500) |
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
10 |
|
|
(
2,901) |
|
|
|
(
3,013) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net liabilities |
|
|
|
|
(
15,506) |
|
|
|
(
7,106) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
12 |
|
|
1 |
|
|
|
1 |
|
Profit and loss account |
|
|
|
|
(
15,507) |
|
|
|
(
7,107) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholder deficit |
|
|
|
|
(
15,506) |
|
|
|
(
7,106) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 May 2025
, and are signed on behalf of the board by:
A Muzha
Director
Company registration number:
13667480
Oxford Fresh Food Ltd
Notes to the financial statements
Year ended 31st August 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 55 Bailey Road, Oxford, OX4 3HY.
There was no change in the company's principal activity during the year which continued to be that of a tea room
.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis
. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
At 31st August 2024 the company had a deficiency of assets amounting to £15,506 (2023: £7,106) after taking into consideration loans from the director totalling £103,092 (2023: £102,880). The company is reliant upon the financial support of its director who has indicated that this will be continued for at least a further 12 months from the date of approval of these accounts. In light of this continued support, the financial statements have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
| Goodwill |
- |
Straight line basis over 62 months |
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
Leasehold property |
- |
Straight line basis over the life of the lease |
|
Equipment |
- |
Reducing balance basis at 25% per annum |
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stocks to their present location and condition. Cost is calculated using the first in, first out formula. Provision is made for obsolete stock where appropriate.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2023:
5
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1st September 2023 and 31st August 2024 |
94,925 |
94,925 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1st September 2023 |
18,372 |
18,372 |
|
|
|
|
|
Charge for the year |
18,373 |
18,373 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31st August 2024 |
36,745 |
36,745 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31st August 2024 |
58,180 |
58,180 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31st August 2023 |
76,553 |
76,553 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Short leasehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1st September 2023 and 31st August 2024 |
8,407 |
26,376 |
34,783 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1st September 2023 |
1,627 |
6,017 |
7,644 |
|
|
|
|
|
Charge for the year |
1,627 |
5,090 |
6,717 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31st August 2024 |
3,254 |
11,107 |
14,361 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31st August 2024 |
5,153 |
15,269 |
20,422 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31st August 2023 |
6,780 |
20,359 |
27,139 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
- |
2,328 |
|
Other debtors |
|
21,395 |
20,112 |
|
|
|
_______ |
_______ |
|
|
|
21,395 |
22,440 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
290 |
1,164 |
|
Social security and other taxes |
|
13,159 |
11,667 |
|
Other creditors |
|
120,406 |
132,750 |
|
|
|
_______ |
_______ |
|
|
|
133,855 |
145,581 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
- |
12,500 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Provisions
|
|
Deferred tax (note 11) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1st September 2023 |
3,013 |
3,013 |
|
|
|
|
Charges against provisions |
(
112) |
(
112) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31st August 2024 |
2,901 |
2,901 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Deferred tax
The deferred tax included in the Balance sheet is as follows:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Included in provisions (note 10) |
|
2,901 |
3,013 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
2,901 |
3,868 |
|
Unused tax losses |
|
- |
(
855) |
|
|
|
_______ |
_______ |
|
|
|
2,901 |
3,013 |
|
|
|
_______ |
_______ |
|
|
|
|
|
12.
Called up share capital
Issued, called up and fully paid
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
1 |
|
1 |
|
1 |
|
1 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
13.
Controlling party
The company is under the control of
A Muzha
who owns 100% of the issued shares.