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Registered number: 02380989
Oxford Educational Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
BWP Inspire Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02380989
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,811 127,982
95,811 127,982
CURRENT ASSETS
Stocks 5 615,759 752,730
Debtors 6 273,830 228,934
Cash at bank and in hand 1,074,140 868,786
1,963,729 1,850,450
Creditors: Amounts Falling Due Within One Year 7 (589,121 ) (556,423 )
NET CURRENT ASSETS (LIABILITIES) 1,374,608 1,294,027
TOTAL ASSETS LESS CURRENT LIABILITIES 1,470,419 1,422,009
Creditors: Amounts Falling Due After More Than One Year 8 (58,873 ) (75,239 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,567 ) (15,872 )
NET ASSETS 1,400,979 1,330,898
CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Profit and Loss Account 1,350,979 1,280,898
SHAREHOLDERS' FUNDS 1,400,979 1,330,898
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For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Poole
Director
12/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oxford Educational Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02380989 . The registered office is Unit 19 Weston Business Park, Weston On The Green, Bicester, Oxfordshire, OX25 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% On Cost
Computer Equipment 25% On Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 131,264 45,017 15,074 191,355
Additions - - 457 457
As at 31 March 2025 131,264 45,017 15,531 191,812
Depreciation
As at 1 April 2024 4,956 44,202 14,215 63,373
Provided during the period 31,576 624 428 32,628
As at 31 March 2025 36,532 44,826 14,643 96,001
Net Book Value
As at 31 March 2025 94,732 191 888 95,811
As at 1 April 2024 126,308 815 859 127,982
5. Stocks
2025 2024
£ £
Finished goods 615,759 752,730
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 245,380 174,340
Prepayments and accrued income 13,185 5,429
Other debtors - 17,100
VAT 15,265 32,065
273,830 228,934
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,367 16,367
Trade creditors 453,758 459,321
Corporation tax 100,294 80,735
Other creditors 612 -
Accruals and deferred income 796 -
Directors' loan accounts 17,294 -
589,121 556,423
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 58,873 75,239
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 16,367 16,367
Later than one year and not later than five years 58,873 75,239
75,240 91,606
75,240 91,606
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50,000 50,000
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