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REGISTERED NUMBER: 09364045 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Oxspheric Limited

Oxspheric Limited (Registered number: 09364045)






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


Oxspheric Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr A Hasaj





REGISTERED OFFICE: 162 Cowley Road
Oxford
OX4 1UE





REGISTERED NUMBER: 09364045 (England and Wales)





ACCOUNTANTS: Wagner Mason Accountants Ltd
132 Gidley Way
Horspath
Oxford
Oxfordshire
OX33 1TD

Oxspheric Limited (Registered number: 09364045)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,080
Tangible assets 5 967,762 981,143
967,762 987,223

CURRENT ASSETS
Stocks 19,502 18,826
Debtors 6 234,244 318,978
Cash at bank and in hand 193,933 172,555
447,679 510,359
CREDITORS
Amounts falling due within one year 7 121,848 155,437
NET CURRENT ASSETS 325,831 354,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,593

1,342,145

CREDITORS
Amounts falling due after more than one
year

8

(751,950

)

(799,792

)

PROVISIONS FOR LIABILITIES (755 ) -
NET ASSETS 540,888 542,353

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 539,888 541,353
SHAREHOLDERS' FUNDS 540,888 542,353

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 his 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.

Oxspheric Limited (Registered number: 09364045)

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 director and authorised for issue on 25 June 2025 and were signed by:





Mr A Hasaj - Director


Oxspheric Limited (Registered number: 09364045)

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

1. STATUTORY INFORMATION

Oxspheric 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 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 2015, 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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 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.

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.

Oxspheric Limited (Registered number: 09364045)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 11 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 60,820
AMORTISATION
At 1 January 2024 54,740
Charge for year 6,080
At 31 December 2024 60,820
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 6,080

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,117,573 171,332 1,288,905
Additions - 16,904 16,904
At 31 December 2024 1,117,573 188,236 1,305,809
DEPRECIATION
At 1 January 2024 156,457 151,305 307,762
Charge for year 22,351 7,934 30,285
At 31 December 2024 178,808 159,239 338,047
NET BOOK VALUE
At 31 December 2024 938,765 28,997 967,762
At 31 December 2023 961,116 20,027 981,143

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 23,095 68,300
Other debtors 211,149 250,678
234,244 318,978

Oxspheric Limited (Registered number: 09364045)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 47,670 47,690
Trade creditors 7,968 14,455
Taxation and social security 39,421 53,611
Other creditors 26,789 39,681
121,848 155,437

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 358,059 405,901
Other creditors 393,891 393,891
751,950 799,792

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 167,194 213,913