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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
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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
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OXLEY ASPHALTE ROOFING SERVICES LIMITED Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,009 
45,780 
Current assets
Debtors
102,601 
107,555 
Cash at bank and in hand
942 
2,693 
103,543 
110,248 
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 
Capital and reserves
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
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OXLEY ASPHALTE ROOFING SERVICES LIMITED Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Motor vehicles
4
Fixtures & fittings
3
Computer equipment
3
Going concern
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
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 
98,942 
103,896 
Amounts falling due after more than one year
Other debtors
3,659 
3,659 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
28,331 
21,359 
VAT
27,335 
35,891 
Obligations under finance leases and hire purchase contracts
33,543 
38,046 
Trade creditors
811 
6,841 
Taxes and social security
(14,129)
21,468 
Other creditors
13,385 
24 
Accruals
20,000 
- 
109,276 
123,629 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,374 
32,259 
Obligations under finance leases and hire purchase contracts
30,387 
- 
56,761 
32,259 
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OXLEY ASPHALTE ROOFING SERVICES LIMITED Notes to the Accounts for the year ended 30 November 2024
8
Loans to directors
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).
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