Company Registration No. 06442119 (England and Wales)
Oxford Tyre & Battery Ltd
Unaudited accounts
for the year ended 31 December 2017
Oxford Tyre & Battery Ltd
Unaudited accounts
Contents
Oxford Tyre & Battery Ltd
Company Information
for the year ended 31 December 2017
Directors
D Littler
L Littler
Company Number
06442119 (England and Wales)
Registered Office
Bottoms Farm Slippery Ford
Oakworth
Keighley
West Yorkshire
BD20 0QD
England
Accountants
Roger H Baxter Ltd
1 Mill Lane
Bradley
Keighley
Yorkshire
BD20 9EE
Oxford Tyre & Battery Ltd
Statement of financial position
as at
31 December 2017
Intangible assets
200,000
200,000
Tangible assets
14,539
19,029
Inventories
22,963
21,518
Cash at bank and in hand
69,330
52,363
Creditors: amounts falling due within one year
(149,601)
(158,860)
Net current liabilities
(42,788)
(75,201)
Total assets less current liabilities
171,751
143,828
Provisions for liabilities
Deferred tax
(2,762)
(3,805)
Net assets
168,989
140,023
Called up share capital
100
100
Profit and loss account
168,889
139,923
Shareholders' funds
168,989
140,023
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 September 2018.
D Littler
Director
Company Registration No. 06442119
Oxford Tyre & Battery Ltd
Notes to the Accounts
for the year ended 31 December 2017
Oxford Tyre & Battery Ltd is a private company, limited by shares, registered in England and Wales, registration number 06442119. The registered office is Bottoms Farm Slippery Ford, Oakworth, Keighley, West Yorkshire, BD20 0QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 January 2017
200,000
At 31 December 2017
200,000
At 31 December 2017
200,000
At 31 December 2016
200,000
Oxford Tyre & Battery Ltd
Notes to the Accounts
for the year ended 31 December 2017
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2017
34,512
21,800
1,197
57,509
At 31 December 2017
34,512
21,800
1,197
57,509
At 1 January 2017
31,840
5,451
1,189
38,480
Charge for the year
401
4,088
1
4,490
At 31 December 2017
32,241
9,539
1,190
42,970
At 31 December 2017
2,271
12,261
7
14,539
At 31 December 2016
2,672
16,349
8
19,029
Raw materials
22,963
21,518
Trade debtors
14,520
9,778
8
Creditors: amounts falling due within one year
2017
2016
Trade creditors
68,593
65,405
Taxes and social security
22,831
15,485
Loans from directors
58,177
77,970
9
Average number of employees
During the year the average number of employees was 2 (2016: 3).