Oxford Conversis Limited - Limited company - abbreviated - 11.6

Oxford Conversis Limited - Limited company - abbreviated - 11.6

OXFORD CONVERSIS LIMITED - Company Information

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REGISTERED NUMBER: 04580340 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Oxford Conversis Limited

Oxford Conversis Limited (Registered number: 04580340)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Oxford Conversis Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: A M Muddyman
G J Muddyman
W F Muddyman
K A Pfetzer





SECRETARY: J P Larbey





REGISTERED OFFICE: Howard House
70 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 04580340 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW
Page 1
Oxford Conversis Limited (Registered number: 04580340)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 63,459 18,732

CURRENT ASSETS
Debtors 698,764 730,028
Cash at bank and in hand 352,482 428,061
1,051,246 1,158,089
CREDITORS
Amounts falling due within one year 652,463 700,836
NET CURRENT ASSETS 398,783 457,253
TOTAL ASSETS LESS CURRENT
LIABILITIES
462,242
475,985

PROVISIONS FOR LIABILITIES 3,701 -
NET ASSETS 458,541 475,985

CAPITAL AND RESERVES
Called up share capital 3 100,000 300,000
Profit and loss account 358,541 175,985
SHAREHOLDERS' FUNDS 458,541 475,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 30 September 2015 and were signed on its behalf
by:




A M Muddyman - Director


The notes form part of these abbreviated accounts

Page 2
Oxford Conversis Limited (Registered number: 04580340)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

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 April 2008).

Turnover
Turnover represents the net invoiced value of services provided, excluding value added tax, and is recognised on
completion of services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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 January 2014 123,668
Additions 63,275
At 31 December 2014 186,943
DEPRECIATION
At 1 January 2014 104,936
Charge for year 18,548
At 31 December 2014 123,484
NET BOOK VALUE
At 31 December 2014 63,459
At 31 December 2013 18,732

Page 3 continued...
Oxford Conversis Limited (Registered number: 04580340)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
50,000 Ordinary £1 50,000 50,000
21,429 Convertible £1 21,429 21,429
28,571 Deferred £1 28,571 28,571
NIL Redeemable preference £1 - 200,000
100,000 300,000

The convertible shares rank equally with the ordinary shares. According to the Articles of Association, when the
company achieves a profit before corporation tax and exceptional items for two successive quarters, 28,571
convertible shares will be converted to deferred shares. On 7 August 2013 the company passed a Special
Resolution redesignating 28,571 Convertible Shares of £1 each into 28,571 Deferred Shares of £1 each.

Deferred shares have no right to a dividend or to vote at a general meeting.

Redeemable preference shares have a right to a fixed cumulative preferential dividend at a rate of 6% gross per
annum payable half yearly in arrears. Redeemable preference shares have no right to vote at a general meeting
and can be redeemed by the company upon giving the preference shareholders 60 days notice. On 20 July 2014
the company passed a Special Resolution redeeming the 200,000 Redeemable Preference Shares of £1 each.

On a winding up, the available assets of the company would be applied in the following order of priority;
payment to the holders of preference shares; accrued unpaid preference dividends together with the nominal
value plus any premium paid on the preference shares; payment to the holders of ordinary, convertible and
deferred shares; the nominal value of the shares pro rata to the nominal value paid up; payment of any remaining
assets to the holders of ordinary shares pro rata to the nominal value paid up.

4. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is Ruxley Holdings Limited, a company incorporated in England.

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 were paid to the directors .

At the end of the year the company owed £167,262 (2013 £120,380) to its parent company, Ruxley Holdings
Limited. The company was charged £Nil (2013 £9,402) relating to interest during the year. In addition Ruxley
Holdings Limited charged the company £90,000 (2013 £125,000) relating to accounting and IT services.
Finally, the company paid a dividend of £69,000 (2013 £Nil) to Ruxley Holdings Limited during the year.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Ruxley Holdings Limited, the ultimate parent undertaking.

Page 4