Oxford Learning Solutions Limited - Limited company - abbreviated - 11.6
Oxford Learning Solutions Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2014 |
| FOR |
| OXFORD LEARNING SOLUTIONS LIMITED |
| OXFORD LEARNING SOLUTIONS LIMITED (REGISTERED NUMBER: 06604357) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| OXFORD LEARNING SOLUTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| OXFORD LEARNING SOLUTIONS LIMITED (REGISTERED NUMBER: 06604357) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| OXFORD LEARNING SOLUTIONS LIMITED (REGISTERED NUMBER: 06604357) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis even though the company has net current |
| liabilities at 31st August 2014 of £136,179 (2013 - £140,704). |
| The validity of the going concern principle is dependent upon the company returning to trade at a profit and the |
| continued support of the director, Mr D Morgan. Included in current liabilities is an amount due to Mr D Morgan |
| of £259,684. This amount is interest free and there are no fixed terms of repayment. |
| If the company was unable to continue trading adjustments would have to be made to reduce the balance sheet |
| values of assets to their recoverable amounts, provide for further liabilities that might arise and to reclassify fixed |
| assets as current assets. |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Software licence |
| The software licence is being amortised evenly over its' estimated useful life of ten years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| OXFORD LEARNING SOLUTIONS LIMITED (REGISTERED NUMBER: 06604357) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| AMORTISATION |
| At 1 September 2013 |
| Amortisation for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2013 |
| and 31 August 2014 |
| DEPRECIATION |
| At 1 September 2013 |
| Charge for year |
| At 31 August 2014 |
| NET BOOK VALUE |
| At 31 August 2014 |
| At 31 August 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1p |