Oxford Meditech Ltd - Filleted accounts

Oxford Meditech Ltd - Filleted accounts

OXFORD MEDITECH LTD. - Company Information

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Registered number
04544686
Oxford Meditech Ltd
Unaudited Filleted Accounts
30 September 2023
Oxford Meditech Ltd
Registered number: 04544686
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28 35
Current assets
Debtors 4 12,793 10,730
Cash at bank and in hand 24,701 14,689
37,494 25,419
Creditors: amounts falling due within one year 5 (42,754) (35,732)
Net current liabilities (5,260) (10,313)
Net liabilities (5,232) (10,278)
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,234) (10,280)
Shareholders' funds (5,232) (10,278)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C F Robinson
Director
Approved by the board on 7 November 2023
Oxford Meditech Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Computer equipment 33.33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 4,827
At 30 September 2023 4,827
Depreciation
At 1 October 2022 4,792
Charge for the year 7
At 30 September 2023 4,799
Net book value
At 30 September 2023 28
At 30 September 2022 35
4 Debtors 2023 2022
£ £
Trade debtors 12,793 10,730
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 13,032 11,368
Other creditors 29,722 24,364
42,754 35,732
6 Other information
Oxford Meditech Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Meadow Close
Farmoor
Oxford
OX2 9PA
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