ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

OXFORD MOBILITY SPACES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity22truetrue 11104114 2022-01-01 2022-12-31 11104114 2021-01-01 2021-12-31 11104114 2022-12-31 11104114 2021-12-31 11104114 c:Director1 2022-01-01 2022-12-31 11104114 d:CurrentFinancialInstruments 2022-12-31 11104114 d:CurrentFinancialInstruments 2021-12-31 11104114 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11104114 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11104114 d:ShareCapital 2022-12-31 11104114 d:ShareCapital 2021-12-31 11104114 d:RetainedEarningsAccumulatedLosses 2022-12-31 11104114 d:RetainedEarningsAccumulatedLosses 2021-12-31 11104114 c:OrdinaryShareClass1 2022-01-01 2022-12-31 11104114 c:OrdinaryShareClass1 2022-12-31 11104114 c:OrdinaryShareClass1 2021-12-31 11104114 c:FRS102 2022-01-01 2022-12-31 11104114 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11104114 c:FullAccounts 2022-01-01 2022-12-31 11104114 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11104114 d:WithinOneYear 2022-12-31 11104114 d:WithinOneYear 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11104114

OXFORD MOBILITY SPACES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

OXFORD MOBILITY SPACES LIMITED

REGISTERED NUMBER: 11104114

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	38,560		11,171
Cash at bank and in hand	5	17,219		60,953
		55,779		72,124
Current liabilities
Creditors: amounts falling due within one year	6	(55,241)		(65,621)
Net current assets			538		6,503
Total assets less current liabilities			538		6,503

Net assets			538		6,503

Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		(462)	5,503
		538	6,503

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M J Potts

Director

Date: 11 October 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

OXFORD MOBILITY SPACES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

Oxford Mobility Spaces Limited is a private company, limited by share capital and incorporated in England and Wales. The registered office is Unit 3, Roger House, Osney Mead, Oxford, OX2 0ES.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements have been rounded to the nearest pound Sterling, the functional and presentational currency of the Company.

The following principal accounting policies have been applied:

2.2

Going concern

The Company's principal activity is linked to the performance of other associated companies controlled by common Directors to whom they provide rental services. One of these companies has now ceased trading but the other related parties continued to develop during the year and raised additional funding during June 2022. Therefore, the Company's rental services continued and the Company expects to continue to provide these services to the remaining related parties for a period of at least 12 months from the approval of these financial statements.
The Directors believe the Company has sufficient support to enable it to continue trading for the next 12 months from the signing of the financial statements and that the other associated companies that they support will continue trading for the next 12 months from the signing of the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

OXFORD MOBILITY SPACES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

OXFORD MOBILITY SPACES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Debtors

					2022	2021
					£	£


Trade debtors	27,390	-
Other debtors	1,795	1,796
Prepayments and accrued income	9,375	9,375
	38,560	11,171

5.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	17,219	60,953

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	10,180	13,351
Corporation tax	18	3,319
Other taxation and social security	6,105	10,012
Other creditors	36,188	36,189
Accruals and deferred income	2,750	2,750
	55,241	65,621

7.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100,000 (2021 - 100,000) Ordinary shares of £0.01 each	1,000	1,000

Ordinary shares entitle the holder to one vote per share and full rights to dividends and capital distributions.

Page 4

OXFORD MOBILITY SPACES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

	Not later than 1 year	44,250	44,250
		44,250	44,250

9.	Related party transactions
	Included within other debtors is £1,600 (2021: £1,600) owed to the Company by the Directors at the year end.

10.	Controlling party

The Company is jointly owned by the Directors by virtue of their shareholdings.

Page 5