Oxford Space Structures Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 June 2022
Company Registration No. 08476878 (England and Wales)
Oxford Space Structures Limited
Company Information
Directors
F Chen
J Jantke
D Ryan
Secretary
J Jantke
Company number
08476878
Registered office
57 Treharris Street
Cardiff
Wales
CF24 3HL
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Oxford Space Structures Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Oxford Space Structures Limited
Balance Sheet
As at 30 June 2022
30 June 2022
Page 1
30 June
30 June
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
Current assets
Debtors
5
5,543
17,998
Cash at bank and in hand
1,509,397
1,517,216
1,514,940
1,535,214
Creditors: amounts falling due within one year
6
(12,785)
(7,287)
Net current assets
1,502,155
1,527,927
Capital and reserves
Called up share capital
7
195
195
Share premium account
924,084
924,084
Profit and loss reserves
577,876
603,648
Total equity
1,502,155
1,527,927
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 October 2022 and are signed on its behalf by:
J Jantke
Director
Company Registration No. 08476878
Oxford Space Structures Limited
Notes to the Financial Statements
For the year ended 30 June 2022
Page 2
1
Accounting policies
Company information
Oxford Space Structures Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
57 Treharris Street, Cardiff, Wales, CF24 3HL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the
break up
basis
as the company ceased to trade on 30 June 2022.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
33.3% on a straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as ‘other’ or basic instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2022
1
Accounting policies
(Continued)
Page 3
1.7
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.8
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1
(20
2
1: 0).
3
Taxation
2022
2021
£
£
Current tax
Adjustments in respect of prior periods
(5,543)
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2022
Page 4
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2021
707
Disposals
(707)
At 30 June 2022
Depreciation and impairment
At 1 July 2021
707
Eliminated in respect of disposals
(707)
At 30 June 2022
Carrying amount
At 30 June 2022
At 30 June 2021
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Corporation tax recoverable
5,543
16,533
Other debtors
1,465
5,543
17,998
6
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
774
Taxation and social security
35
Other creditors
12,750
6,513
12,785
7,287
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2022
Page 5
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
19,563
19,563
195
195