Company Registration No. 11071679 (England and Wales)
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Unaudited accounts
for the year ended 30 November 2024
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of OXLEY ASPHALTE ROOFING SERVICES LIMITED for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OXLEY ASPHALTE ROOFING SERVICES LIMITED for the year ended
30 November 2024 as set out on pages
4 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd
Chartered Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
30 August 2025
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
56,009
45,780
Cash at bank and in hand
942
2,693
Creditors: amounts falling due within one year
(109,276)
(123,629)
Net current liabilities
(5,733)
(13,381)
Total assets less current liabilities
50,276
32,399
Creditors: amounts falling due after more than one year
(56,761)
(32,259)
Net (liabilities)/assets
(6,485)
140
Called up share capital
2
2
Profit and loss account
(6,487)
138
Shareholders' funds
(6,485)
140
For the year ending 30 November 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 30 August 2025 and were signed on its behalf by
Rebecca Oxley
Director
Company Registration No. 11071679
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
OXLEY ASPHALTE ROOFING SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11071679. The registered office is 146 Saunders Hill, Brighton, BN1 9ES, England.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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:
The financial statements are prepared on a going concern basis, which the directors believe to be appropriate as they believe that the company has adequate resources to continue to operate for at least the next 12 months.
COVID-19 has created significant challenges and high levels of uncertainty for all companies. The effect of the outbreak on companies has been challenging on a daily basis. On this basis, whilst the impact of the COVID-19 outbreak cannot be accurately predicted, the directors considers that the company will nevertheless continue to operate, and therefore the director believes it remains appropriate to prepare financial statements on a going concern basis.
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
8,550
76,634
2,850
3,627
91,661
Additions
-
19,995
-
145
20,140
At 30 November 2024
8,550
96,629
2,850
3,772
111,801
At 1 December 2023
1,894
40,632
713
2,642
45,881
Charge for the year
1,985
6,985
570
371
9,911
At 30 November 2024
3,879
47,617
1,283
3,013
55,792
At 30 November 2024
4,671
49,012
1,567
759
56,009
At 30 November 2023
6,656
36,002
2,137
985
45,780
Amounts falling due within one year
Trade debtors
8,880
41,613
Accrued income and prepayments
19,121
7,219
Other debtors
70,941
55,064
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,331
21,359
Obligations under finance leases and hire purchase contracts
33,543
38,046
Taxes and social security
(14,129)
21,468
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,387
-
OXLEY ASPHALTE ROOFING SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2024
During the year the company loaned the directors £55,064 (2022: £56,252). The loan was interest free, unsecured and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).