OXO FABRICS LTD - Accounts

OXO FABRICS LTD
Statement of Financial Position
As at 31 August 2026

	2026
	£	£
Fixed assets		4,092
Current assets	47,876
Prepayments and accrued income	2,800
Creditors: amount falling due within one year	(29,660)
Net current assets		21,016
Total assets less current liabilities		25,108
Creditors: amount falling due after more than one year		(15,931)
Net assets		9,177


Capital and reserves		9,177

NOTES TO THE ACCOUNTS

General Information

OXO FABRICS LTD is a private company, limited by shares, registered in England and Wales, registration number 16649764, registration address UNIT 12, 44-50 The Broadway , Southall , UB1 1QB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

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

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

18% Reducing Balance

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 14 August 2025	-	-
Additions	4,123	4,123
Disposals	-	-
At 31 August 2026	4,123	4,123
Depreciation
At 14 August 2025	-	-
Charge for period	31	31
On disposals	-	-
At 31 August 2026	31	31
Net book values
Closing balance as at 31 August 2026	4,092	4,092
Opening balance as at 14 August 2025	-	-

3.	Average number of employees Average number of employees during the period was 2.

For the period ended 31 August 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 02 October 2026 and were signed on its behalf by:

--------------------------------
Noushad Mandekolu Abdul Kunhi
Director