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Company Registration No. 11229174 (England and Wales)
OXLEY & SONS INTERIORS LTD Unaudited accounts for the year ended 28 February 2025
OXLEY & SONS INTERIORS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OXLEY & SONS INTERIORS LTD Company Information for the year ended 28 February 2025
Directors
Adam Oxley Darren Oxley
Company Number
11229174 (England and Wales)
Registered Office
UNIT 5 ELWES STREET BRIGG DN20 8LB ENGLAND
Accountants
Accsafe Ltd T/A D&K Accounting Office 2, The Beehive Bawtry Hall Bawtry South Yorkshire DN10 6JH
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OXLEY & SONS INTERIORS LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
90,000
105,000
Tangible assets
5
14,659
21,988
104,659
126,988
Current assets
Cash at bank and in hand
(110)
484
Creditors: amounts falling due within one year
6
(604,627)
(433,389)
Net current liabilities
(604,737)
(432,905)
Total assets less current liabilities
(500,078)
(305,917)
Creditors: amounts falling due after more than one year
7
(53,448)
(59,424)
Net liabilities
(553,526)
(365,341)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(553,626)
(365,441)
Shareholders' funds
(553,526)
(365,341)
For the year ending 28 February 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 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 17 June 2025 and were signed on its behalf by
Adam Oxley Director Company Registration No. 11229174
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OXLEY & SONS INTERIORS LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
OXLEY & SONS INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11229174. The registered office is UNIT 5, ELWES STREET, BRIGG, DN20 8LB, 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.
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
33.33% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024
150,000
At 28 February 2025
150,000
Amortisation
At 1 March 2024
45,000
Charge for the year
15,000
At 28 February 2025
60,000
Net book value
At 28 February 2025
90,000
At 29 February 2024
105,000
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OXLEY & SONS INTERIORS LTD Notes to the Accounts for the year ended 28 February 2025
5
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 March 2024
39,432
At 28 February 2025
39,432
Depreciation
At 1 March 2024
17,444
Charge for the year
7,329
At 28 February 2025
24,773
Net book value
At 28 February 2025
14,659
At 29 February 2024
21,988
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
67,821
68,187
Trade creditors
54,122
2,984
Taxes and social security
458,417
317,140
Other creditors
10,860
-
Loans from directors
13,407
45,078
604,627
433,389
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
36,787
35,890
Obligations under finance leases and hire purchase contracts
16,661
23,534
53,448
59,424
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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