1
31/03/2022
2022-03-31
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No description of principal activities is disclosed
2021-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
09731515
2021-04-01
2022-03-31
09731515
2022-03-31
09731515
2021-03-31
09731515
2020-04-01
2021-03-31
09731515
2021-03-31
09731515
bus:Director1
2021-04-01
2022-03-31
09731515
core:PlantMachinery
2021-03-31
09731515
core:PlantMachinery
2022-03-31
09731515
core:WithinOneYear
2022-03-31
09731515
core:WithinOneYear
2021-03-31
09731515
core:AfterOneYear
2022-03-31
09731515
core:AfterOneYear
2021-03-31
09731515
core:PlantMachinery
2021-04-01
2022-03-31
09731515
core:ShareCapital
2022-03-31
09731515
core:ShareCapital
2021-03-31
09731515
core:RetainedEarningsAccumulatedLosses
2022-03-31
09731515
core:RetainedEarningsAccumulatedLosses
2021-03-31
09731515
core:PlantMachinery
2021-03-31
09731515
bus:SmallEntities
2021-04-01
2022-03-31
09731515
bus:AuditExempt-NoAccountantsReport
2021-04-01
2022-03-31
09731515
bus:FullAccounts
2021-04-01
2022-03-31
09731515
bus:SmallCompaniesRegimeForAccounts
2021-04-01
2022-03-31
09731515
bus:PrivateLimitedCompanyLtd
2021-04-01
2022-03-31
Company registration number:
09731515
Oxney Machinery Services Ltd
Unaudited filleted financial statements
31 March 2022
Oxney Machinery Services Ltd
Contents
Directors report
Statement of financial position
Notes to the financial statements
Oxney Machinery Services Ltd
Directors report
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022.
Directors
The directors who served the company during the year were as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
22 December 2022
and signed on behalf of the board by:
K J Delaney
Director
Oxney Machinery Services Ltd
Statement of financial position
31 March 2022
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2022
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2021
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Note
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£
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£
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£
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£
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Fixed assets
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|
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Tangible assets
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5
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214,837
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|
|
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197,896
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|
|
|
|
|
_______
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|
|
|
_______
|
|
|
|
|
|
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|
214,837
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|
|
|
197,896
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|
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|
|
|
|
|
|
Current assets
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|
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Stocks
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21,452
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16,000
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Debtors
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6
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13,000
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13,000
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|
|
Cash at bank and in hand
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15,728
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|
26,921
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|
|
|
|
|
_______
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|
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|
_______
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|
|
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50,180
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|
|
|
55,921
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
109,760)
|
|
|
|
(
109,021)
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|
|
|
|
|
_______
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|
|
|
_______
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|
Net current liabilities
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|
|
(
59,580)
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|
|
|
(
53,100)
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|
|
|
|
|
_______
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|
_______
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Total assets less current liabilities
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155,257
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144,796
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|
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|
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Creditors: amounts falling due
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|
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|
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after more than one year
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|
8
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|
(
131,671)
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|
(
141,553)
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|
|
|
|
|
_______
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|
_______
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Net assets
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23,586
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3,243
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_______
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_______
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Capital and reserves
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Called up share capital
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1
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1
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Profit and loss account
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23,585
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3,242
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_______
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_______
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Shareholders funds
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23,586
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3,243
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_______
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_______
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For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2022
, and are signed on behalf of the board by:
K J Delaney
Director
Company registration number:
09731515
Oxney Machinery Services Ltd
Notes to the financial statements
Year ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 St Mark Street, London, E1 8DJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Tangible assets
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Plant and machinery
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Total
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£
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£
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Cost
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At 1 April 2021
|
249,690
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249,690
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Additions
|
117,276
|
117,276
|
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|
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Disposals
|
(
88,563)
|
(
88,563)
|
|
|
|
|
|
|
_______
|
_______
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At 31 March 2022
|
278,403
|
278,403
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|
|
|
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_______
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_______
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Depreciation
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At 1 April 2021
|
51,794
|
51,794
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|
|
|
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Charge for the year
|
36,249
|
36,249
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|
|
|
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Disposals
|
(
24,477)
|
(
24,477)
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|
|
|
|
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_______
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_______
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At 31 March 2022
|
63,566
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63,566
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_______
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_______
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Carrying amount
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At 31 March 2022
|
214,837
|
214,837
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 March 2021
|
197,896
|
197,896
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
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6.
Debtors
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Other debtors
|
|
13,000
|
13,000
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
48,990
|
38,309
|
|
Social security and other taxes
|
|
32,099
|
16,026
|
|
Other creditors
|
|
28,671
|
54,686
|
|
|
|
_______
|
_______
|
|
|
|
109,760
|
109,021
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2022
|
2021
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
59,242
|
73,125
|
|
Other creditors
|
|
72,429
|
68,428
|
|
|
|
_______
|
_______
|
|
|
|
131,671
|
141,553
|
|
|
|
_______
|
_______
|
|
|
|
|
|