Oxhey Developments Limited - Accounts to registrar (filleted) - small 18.2

Oxhey Developments Limited - Accounts to registrar (filleted) - small 18.2

OXHEY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03632053 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Oxhey Developments Limited
Oxhey Developments Limited (Registered number: 03632053)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oxhey Developments Limited (Registered number: 03632053)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,256 -

CURRENT ASSETS
Stocks 286,704 11,514
Debtors 5 19,973 -
Cash at bank 30,955 168,784
337,632 180,298
CREDITORS
Amounts falling due within one year 6 (466,133 ) (386,590 )
NET CURRENT LIABILITIES (128,501 ) (206,292 )
TOTAL ASSETS LESS CURRENT LIABILITIES (121,245 ) (206,292 )

CREDITORS
Amounts falling due after more than one
year
7
(130,000
)
-
NET LIABILITIES (251,245 ) (206,292 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (251,247 ) (206,294 )
SHAREHOLDERS' FUNDS (251,245 ) (206,292 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 1 continued...
Oxhey Developments Limited (Registered number: 03632053)

Balance Sheet - continued
30 September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2021 and were signed on its behalf by:





Mr M Shaw - Director


The notes form part of these financial statements

Page 2
Oxhey Developments Limited (Registered number: 03632053)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Oxhey Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03632053

Registered office: Rocks Barn
Mudhurst Lane
Disley
High Peak
SK12 2AN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised when the company obtains the right to consideration.

Stocks/work in progress
Stock and work in progress is valued on a cost basis and related to the costs of development, to include cost of sales items, wages of staff and loan interest directly attributable to development activities.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

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Oxhey Developments Limited (Registered number: 03632053)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 8,495
At 30 September 2019 8,495
DEPRECIATION
Charge for year 1,239
At 30 September 2019 1,239
NET BOOK VALUE
At 30 September 2019 7,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Other debtors 19,973 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade creditors 22,743 -
Taxation and social security 7,610 1,339
Other creditors 435,780 385,251
466,133 386,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.19 30.9.18
£    £   
Bank loans 130,000 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.19 30.9.18
£    £   
Bank loans 130,000 -

Fixed and floating charge over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.

Page 4