Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

THE OXFORDSHIRE WHEEL LTD - Company Information

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THE OXFORDSHIRE WHEEL LTD

Company Registration Number:
07585256 (England and Wales)

Report of the Directors and Unaudited Financial Statements
Company limited by guarantee

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

THE OXFORDSHIRE WHEEL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2015

Company Information
Report of the Directors
Income And Expenditure Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

THE OXFORDSHIRE WHEEL LTD

Company Information

for the Period Ended 31 March 2015




Director: Yvonne Cox
Emma Rea
Richard Rea
Antony Thorn
Secretary: Yvonne Cox
Registered office: Suite 5 Borough House
Marlborough Road
Banbury
Oxfordshire
England
OX16 5TH
Company Registration Number: 07585256 (England and Wales)

THE OXFORDSHIRE WHEEL LTD

Directors' Report Period Ended 31 March 2015

The directors present their report with the financial statements of the company for the period ended 31 March 2015

Principal activities

The company's principal activity during the period was the delivery of the Putting People First agenda in Oxfordshire giving choice and control directly to the individual

Directors
 The directors shown below have held office during the whole of the period from
01 April 2014 to 31 March 2015
Yvonne Cox
Emma Rea
Richard Rea
Antony Thorn

Political and charitable donations

No political or charitable donations were made during the period.

Company policy on the employment of disabled persons

The company has no employees.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 23 November 2015
And Signed On Behalf Of The Board By:

Name: Yvonne Cox
Status: Director

THE OXFORDSHIRE WHEEL LTD

Income and Expenditure Account

for the Period Ended 31 March 2015


Notes
2015
£
2014
£
Turnover: 50,211 38,075
Cost of sales: ( 41,559 ) ( 33,754 )
Gross surplus: 8,652 4,321
Administrative expenses: ( 7,534 ) ( 6,396 )
Operating surplus/deficit: 1,118 ( 2,075 )
Interest receivable and similar income: 57 66
Surplus/deficit on ordinary activities before taxation: 1,175 ( 2,009 )
Surplus/deficit for the financial year: 1,175 ( 2,009 )

The notes form part of these financial statements

THE OXFORDSHIRE WHEEL LTD

Statement of total recognised gains and losses

The company does not have any gains and losses other than Income and expenditure for the period to report

THE OXFORDSHIRE WHEEL LTD

Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Total fixed assets: 0 0
Current assets
Debtors: 1,866 5,197
Cash at bank and in hand: 34,280 16,080
Total current assets: 36,146 21,277
Creditors: amounts falling due within one year: ( 36,940 ) ( 23,246 )
Net current assets (liabilities): ( 794 ) ( 1,969 )
Total assets less current liabilities: ( 794 ) ( 1,969 )
Total net assets (liabilities): ( 794 ) ( 1,969 )

The notes form part of these financial statements

THE OXFORDSHIRE WHEEL LTD

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Reserves
Income and expenditure account: 2 ( 794 ) ( 1,969 )
Members funds: ( 794 ) ( 1,969 )

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 23 November 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Yvonne Cox
Status: Director

The notes form part of these financial statements

THE OXFORDSHIRE WHEEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts have been prepared under the historical cost convention

    Turnover policy

    Revenue in respect of services provided is recognised when, and to the extent that, performance occurs, and is measured at the fair value of the consideration receivable. Where income is received for a specific activity that is to be delivered in the following year, that income is deferred

    Tangible fixed assets depreciation policy

    Property, plant and equipment Recognition property, plant and equipment is capitalised if:
    ● it is held for use in delivering services or for administrative purposes;
    ● it is probable that future economic benefits will flow to, or service potential will be supplied to the Wheel;
    ● it is expected to be used for more than one financial year;
    ● the cost of the item can be measured reliably; and
    ● the item has cost of at least £5,000.

    Where a large asset, for example a building, includes a number of components with significantly different asset lives, the components are treated as separate assets and depreciated over their own useful economic lives.

THE OXFORDSHIRE WHEEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2015

  • 2. Income and expenditure account


    2015
    £
    2014
    £
    Opening balance: ( 1,969 ) 40
    Surplus or (deficit) for period: 1,175 ( 2,009 )
    Retained: ( 794 ) ( 1,969 )