OXFORD_HYDROTECHNICS_LIMI - Accounts

OXFORD HYDROTECHNICS LIMITED - Company Information

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Company Registration No. 02734738 (England and Wales)

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

95,367

86,508

Current assets

Stocks

60,077

Debtors

1,442,846

550,653

Cash at bank and in hand

155,014

13,273

1,657,937

563,926

Creditors: amounts falling due within one year

(827,121)

(182,796)

Net current assets

830,816

381,130

Total assets less current liabilities

926,183

467,638

Creditors: amounts falling due after more than one year

(3,946)

(14,398)

Provisions for liabilities

(18,413)

(14,631)

903,824

438,609

Capital and reserves

Called up share capital

165,000

66,000

Share premium account

31,200

Other reserves

100

Profit and loss account

707,524

372,509

Shareholders' funds

903,824

438,609

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 November 2015

P V Mayer Esq

Director

Company Registration No. 02734738

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Fixtures, fittings & equipment

20% and 33% reducing balance

Motor vehicles

25% reducing balance

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

OXFORD HYDROTECHNICS LIMITED

(FORMERLY KNOWN AS H2OX LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

201,317

Additions

90,200

38,730

128,930

Disposals

(17,839)

At 31 March 2015

90,200

222,208

312,408

Depreciation

At 1 April 2014

114,809

On disposals

(11,254)

Charge for the year

90,200

23,286

113,486

At 31 March 2015

90,200

126,841

217,041

Net book value

At 31 March 2015

95,367

At 31 March 2014

86,508

Share capital

2015

2014

Allotted, called up and fully paid

99,000 Ordinary of £1 each

99,000

66,000

66,000 Preference of £1 each

66,000

165,000

66,000

During the year 99,000 ordinary shares of £1.00 each were allotted and fully paid at par for full consideration.

During the year the company converted 66,000 ordinary shares of £1.00 each to 66,000 preference shares of £1.00 each.