W B OXFORD LIMITED - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 July 2021

for

W B OXFORD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Sunthareswaran

REGISTERED OFFICE:

The Manor

Main Street

Grendon Underwood

Aylesbury

HP18 0SW

REGISTERED NUMBER:

07432497 (England and Wales)

ACCOUNTANTS:

Abacus Business Consulting Limited

Thistledown

Wendlebury

Bicester

OX25 2PE

FIXED ASSETS

Intangible assets

4

67,000

80,400

Tangible assets

5

4,555

6,060

71,555

86,460

CURRENT ASSETS

Stocks

4,151

4,690

Debtors

6

180,109

255,356

Cash at bank

202,345

62,336

386,605

322,382

CREDITORS

Amounts falling due within one year

7

217,005

167,598

NET CURRENT ASSETS

169,600

154,784

TOTAL ASSETS LESS CURRENT LIABILITIES

241,155

241,244

CREDITORS

Amounts falling due after more than one year

8

106,226

130,400

NET ASSETS

134,929

110,844

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

132,929

108,844

SHAREHOLDERS' FUNDS

134,929

110,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 11 January 2022 and were signed by:

S Sunthareswaran - Director

1.	STATUTORY INFORMATION

W B OXFORD LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

No provision is made until the asset is brought into use

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2020 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2020

and 31 July 2021

268,000

AMORTISATION

At 1 August 2020

187,600

Charge for year

13,400

At 31 July 2021

201,000

NET BOOK VALUE

At 31 July 2021

67,000

At 31 July 2020

80,400

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

and 31 July 2021

31,958

DEPRECIATION

At 1 August 2020

25,898

Charge for year

1,505

At 31 July 2021

27,403

NET BOOK VALUE

At 31 July 2021

4,555

At 31 July 2020

6,060

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

5,452

Other debtors

180,109

249,904

180,109

255,356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

13,169

4,850

Taxation and social security

44,937

32,325

Other creditors

148,899

130,423

217,005

167,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

39,226

50,000

Other creditors

67,000

80,400

106,226

130,400

Other creditors includes £67,000 owed to the director in connection with the acquisition of the Water Babies franchise. The director has agreed to accept repayment in line with the write off of the goodwill element of the acquisition cost.