Ox Living Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11549202

Ox Living Limited

Filleted Unaudited Financial Statements

31 December 2024

Ox Living Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Ox Living Limited

Statement of Financial Position

31 December 2024

	2024	2023
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	14,012	5,272

Current assets

Debtors	6	574,842	404,167
Cash at bank and in hand		166,473	83,847
		---------	---------
		741,315	488,014

Creditors: amounts falling due within one year	7	910,047	690,170
		---------	---------
Net current liabilities		168,732	202,156
		---------	---------
Total assets less current liabilities		( 154,720)	( 196,884)

Creditors: amounts falling due after more than one year	8	28,983	37,426
		---------	---------
Net liabilities		( 183,703)	( 234,310)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 183,803)	( 234,410)
	---------	---------
Shareholders deficit	( 183,703)	( 234,310)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ox Living Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr D C Granat
Director

Company registration number: 11549202

Ox Living Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5b Lower Farm Barns, Bainton, Bucknell, Oxfordshire, OX27 7LT, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has considered the basis of the preparation of the accounts and is satisfied that the accounts should be prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024 (as restated)	12,057	12,057
Additions	10,412	10,412
	--------	--------
At 31 December 2024	22,469	22,469
	--------	--------
Depreciation
At 1 January 2024	6,785	6,785
Charge for the year	1,672	1,672
	--------	--------
At 31 December 2024	8,457	8,457
	--------	--------
Carrying amount
At 31 December 2024	14,012	14,012
	--------	--------
At 31 December 2023	5,272	5,272
	--------	--------

6. Debtors

	2024	2023
		(restated)
	£	£
Trade debtors	115,432	15,021
Other debtors	459,410	389,146
	---------	---------
	574,842	404,167
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
		(restated)
	£	£
Bank loans and overdrafts	8,400	7,320
Trade creditors	100,597	12,245
Social security and other taxes	18,520	3,190
Other creditors	782,530	667,415
	---------	---------
	910,047	690,170
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
		(restated)
	£	£
Bank loans and overdrafts	28,983	37,426
	--------	--------

9. Prior period errors

During the year, it was identified that £92 of issued share capital, which was fully allotted and paid in the prior year, had been omitted from the 2023 financial statements. This has been corrected by restating the comparative figures. The adjustment increased called up share capital by £92 and increased current assets by the same amount. There was no impact on profit in the 2023 financial statements.

10. Directors' advances, credit and guarantees

At the year end, the company was owed £1,254 (2023: £1,254) by the Director. During the year, advances of £nil (2023: £2,424) were made. Repayments of £nil (2023: 1,170) were made. No interest was charged on this amount.

11. Related party transactions

At the year end, the company was owed £42,188 (2023: £38,338) by companies related by common control. At year end, the company owed £591,624 (2023: £568,318) to companies related by common control.