Oxlink Limited - Abbreviated accounts

OXLINK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2014

































Company Registration Number: 03092332

OXLINK LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the abbreviated financial statements									3 to 4

OXLINK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014


DIRECTOR

L Dorman


SECRETARY

Mrs P Dorman


REGISTERED OFFICE

Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ


COMPANY REGISTRATION NUMBER

03092332 England and Wales

OXLINK LIMITED

BALANCE SHEET
AS AT 31 December 2014


	Notes	2014		2013
		£		£

FIXED ASSETS
Tangible assets	2		337		1,691

CURRENT ASSETS
Debtors		37,972		38,408
Cash at bank and in hand		75,201		92,979


		113,173		131,387

CREDITORS: Amounts falling due		54,306		62,397
within one year


NET CURRENT ASSETS			58,867		68,990


NET ASSETS			59,204		70,681



CAPITAL AND RESERVES
Called up share capital	3		1		1
Profit and loss account			59,203		70,680


SHAREHOLDER'S FUNDS			59,204		70,681



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board


L Dorman
Director

Date approved by the board: 21 May 2015

OXLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the value of internet related services provided, stated net of value added tax.

	Turnover is recognised as contract activity progresses, in accordance with the terms of the contractual agreement and the stage of completion of the work. The amount of revenue reflects the partial performance of the company's contractual obligations. Where recorded turnover exceeds amounts invoiced to clients, the excess is classified as income.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives.

	Computer and office equipment	25% straight line basis per annum

	Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.


	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 January 2014				20,223

	Disposals				(9,455)


	At 31 December 2014				10,768


	Accumulated depreciation
	At 1 January 2014				18,532

	Charge for year				717

	Disposals				(8,818)


	At 31 December 2014				10,431


	Net book value
	At 1 January 2014				1,691


	At 31 December 2014				337


3	SHARE CAPITAL
		Nominal value	Number	2014	2013
		£		£	£
	Allotted, called up and fully paid:
	Ordinary share	1	1	1	1