Company Registration No. 03001886 (England and Wales)
Oxford Cruisers Limited
Unaudited accounts
for the year ended 31 December 2024
Oxford Cruisers Limited
Unaudited accounts
Contents
Oxford Cruisers Limited
Company Information
for the year ended 31 December 2024
Directors
Andrew Stephen Malpus
Stephen Beresford Malpus
Company Number
03001886 (England and Wales)
Registered Office
The Boat Hire Centre, Oxford Road
Eynsham
WITNEY
Oxon
OX29 4DA
Oxford Cruisers Limited
Statement of financial position
as at 31 December 2024
Tangible assets
565,633
572,900
Cash at bank and in hand
50,658
142,747
Creditors: amounts falling due within one year
(84,364)
(103,337)
Net current assets
177,188
166,385
Total assets less current liabilities
742,821
739,285
Creditors: amounts falling due after more than one year
(228,617)
(245,760)
Net assets
514,204
493,525
Called up share capital
45
45
Revaluation reserve
35,000
35,000
Capital redemption reserve
55
55
Profit and loss account
479,104
458,425
Shareholders' funds
514,204
493,525
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by
Andrew Stephen Malpus
Director
Company Registration No. 03001886
Oxford Cruisers Limited
Notes to the Accounts
for the year ended 31 December 2024
Oxford Cruisers Limited is a private company, limited by shares, registered in England and Wales, registration number 03001886. The registered office is The Boat Hire Centre, Oxford Road, Eynsham, WITNEY, Oxon, OX29 4DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention in accordance with Section 1A of FRS102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% SLB and 20% RBB
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/ completion.
Oxford Cruisers Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
615,404
125,770
21,820
762,994
Additions
2,035
5,160
-
7,195
At 31 December 2024
617,439
130,930
21,820
770,189
At 1 January 2024
74,708
104,840
10,546
190,094
Charge for the year
3,900
6,198
4,364
14,462
At 31 December 2024
78,608
111,038
14,910
204,556
At 31 December 2024
538,831
19,892
6,910
565,633
At 31 December 2023
540,696
20,930
11,274
572,900
Finished goods
23,000
18,000
Amounts falling due within one year
Trade debtors
25,985
20,759
Accrued income and prepayments
161,909
88,216
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,254
6,390
Taxes and social security
7,156
23,665
Other creditors
7,761
4,785
Loans from directors
64,159
64,284
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
228,617
245,760
Oxford Cruisers Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
45 Ordinary shares of £1 each
45
45
10
Average number of employees
During the year the average number of employees was 4 (2023: 5).