Registered number
10998828
O'CONNOR BOWDEN (OXID HOUSE) LIMITED
Filleted Accounts
30 September 2024
O'CONNOR BOWDEN (OXID HOUSE) LIMITED
Registered number: 10998828
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 26,598
Current assets
Debtors 4 165,455 275,876
Cash at bank and in hand 66,575 69,327
232,030 345,203
Creditors: amounts falling due within one year 5 (186,041) (335,421)
Net current assets 45,989 9,782
Net assets 45,989 36,380
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,889 36,280
Shareholder's funds 45,989 36,380
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P A Nolan
Director
Approved by the board on 13 December 2024
O'CONNOR BOWDEN (OXID HOUSE) LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Development costs 25% per annum straight line basis
Long leasehold 180 months straight line basis
I.T. equipment 33 1/3 per annum straight line basis
Fixtures and fittings 25% per annum straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Leasehold impvmts Fixtures and fittings I.T. Equipment Total
£ £ £ £
Cost
At 1 October 2023 31,879 13,743 16,357 61,979
Disposals (31,879) (13,743) (16,357) (61,979)
At 30 September 2024 - - - -
Depreciation
At 1 October 2023 10,884 12,300 12,197 35,381
On disposals (10,884) (12,300) (12,197) (35,381)
At 30 September 2024 - - - -
Net book value
At 30 September 2024 - - - -
At 30 September 2023 20,995 1,443 4,160 26,598
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100,000 -
Other debtors 65,455 275,876
165,455 275,876
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 82,656 76,680
Corporation tax 30,335 43,046
Other taxes and social security costs 73,050 7,062
Other creditors - 208,633
186,041 335,421
6 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
7 Contingent liabilities
There were no contingent liabilities in existence at the year end.
8 Prior period adjustment
The adjustment relates to an omission of a creditor in the sum of £65,455 owed to HM Revenue & Customs due to a fundamental accounting error.

The correction made was to debit reserves and credit creditors, the amount being shown gross as no tax relief is available.
9 Controlling party
The company is controlled by The Philip James Partnership Limited, who owns all the company's issued ordinary share capital.
10 Other information
O'CONNOR BOWDEN (OXID HOUSE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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