Oxford Space Structures Limited
Unaudited Financial Statements
For Filing with Registrar
For the 14 month period ended 30 June 2021
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
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Oxford Space Structures Limited
Balance Sheet
As at 30 June 2021
Page 1
30 June
30 April
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
5
Current assets
Debtors
6
17,998
4,495
Cash at bank and in hand
1,517,216
1,615,156
1,535,214
1,619,651
Creditors: amounts falling due within one year
7
(7,287)
(68,091)
Net current assets
1,527,927
1,551,560
Capital and reserves
Called up share capital
8
195
195
Share premium account
924,084
924,084
Profit and loss reserves
603,648
627,281
Total equity
1,527,927
1,551,560
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 period ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act 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 period 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 28 January 2022 and are signed on its behalf by:
J Jantke
Director
Company Registration No. 08476878
Oxford Space Structures Limited
Statement of Changes in Equity
For the period ended 30 June 2021
Page 2
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2019
195
924,084
(910,911)
13,368
Year ended 30 April 2020:
Profit and total comprehensive income for the year
-
-
1,538,192
1,538,192
Balance at 30 April 2020
195
924,084
627,281
1,551,560
Period ended 30 June 2021:
Profit and total comprehensive income for the period
-
-
(23,633)
(23,633)
Balance at 30 June 2021
195
924,084
603,648
1,527,927
Oxford Space Structures Limited
Notes to the Financial Statements
For the period ended 30 June 2021
Page 3
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
pound
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
While the spread of the coronavirus has a negative impact on business activities, it is currently not possible to make a reliable estimate on the depth of the impact on business activities. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the
foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Reporting period
The
annual financial statements are presented for a
period longer than one year
due to a change in year end
,
therefore the
comparative amounts presented in the financial statements (including
the related notes) are not entirely comparable.
1.4
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
.
1.5
Cash at bank and in hand
Cash at bank and in hand
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.
1.6
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.
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2021
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
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.
1.9
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to income 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 asset are consumed.
2
Exceptional costs/(income)
2021
2020
£
£
Sale of intellectual property rights
-
(2,000,000)
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was 0
(20
20
:
2
).
4
Taxation
2021
2020
£
£
Current tax
UK corporation tax on profits for the current period
58,718
Adjustments in respect of prior periods
(5,543)
3,273
Total current tax
(5,543)
61,991
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2021
Page 5
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2020 and 30 June 2021
707
Depreciation and impairment
At 1 May 2020 and 30 June 2021
707
Carrying amount
At 30 June 2021
At 30 April 2020
6
Debtors
2021
2020
Amounts falling due within one year:
£
£
Corporation tax recoverable
16,533
3,603
Other debtors
1,465
892
17,998
4,495
7
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
774
1,173
Corporation tax
58,718
Other taxation and social security
2,325
Other creditors
6,513
5,875
7,287
68,091
Oxford Space Structures Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2021
Page 6
8
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
19,500 Ordinary shares of 1p each
195
195
195
195