Oxbury & Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04679638

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

OXBURY & COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N S Oxbury

Miss S N Howes

Mr J N Oxbury

Mr T J Boucher

SECRETARY:

Miss S N Howes

REGISTERED OFFICE:

St Thomas House

14 Central Avenue

St Andrews Business Park

Norwich

Norfolk

NR7 0HR

REGISTERED NUMBER:

04679638

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

FIXED ASSETS

Tangible assets

2

155,522

173,174

Investments

3

100

100

155,622

173,274

CURRENT ASSETS

Stock and work in progress

73,164

76,737

Debtors

295,879

117,963

Cash at bank

136,255

223,130

505,298

417,830

CREDITORS

Amounts falling due within one year

4

283,638

210,659

NET CURRENT ASSETS

221,660

207,171

TOTAL ASSETS LESS CURRENT LIABILITIES

377,282

380,445

CREDITORS

Amounts falling due after more than one year

4

70,358

77,081

NET ASSETS

306,924

303,364

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

296,924

293,364

306,924

303,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 June 2017 and were signed on its behalf by:

Mr N S Oxbury - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Oxbury & Company Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

Turnover represents the net invoiced value of work undertaken, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

between 4% and 10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stock and work in progress

Stock is valued at cost. Work in progress is valued, at invoice value, on the element of a job

completed taken as a proportion of the total value agreed for work to be undertaken.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

477,438

Additions

38,627

Disposals

(138,891

)

At 30 November 2016

377,174

DEPRECIATION

At 1 December 2015

304,264

Charge for year

56,279

Eliminated on disposal

(138,891

)

At 30 November 2016

221,652

NET BOOK VALUE

At 30 November 2016

155,522

At 30 November 2015

173,174

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 December 2015

and 30 November 2016

100

NET BOOK VALUE

At 30 November 2016

100

At 30 November 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Redbox Partnerships Limited

Nature of business: Affordable housing consultants

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

£

Aggregate capital and reserves

57,137

55,713

Profit for the year/period

11,424

41,031

4.

CREDITORS

Creditors include an amount of £ 109,463 (2015 - £ 111,675 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL