OXFORD_MARKETING_ASSOCIAT - Accounts

OXFORD MARKETING ASSOCIATES LIMITED - Company Information

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Company Registration No. 06861957 (England and Wales)

OXFORD MARKETING ASSOCIATES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

OXFORD MARKETING ASSOCIATES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OXFORD MARKETING ASSOCIATES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,168

746

Current assets

Debtors

1,563

7,684

Cash at bank and in hand

12,373

7,938

13,936

15,622

Creditors: amounts falling due within one year

(118,867)

(99,095)

Net current liabilities

(104,931)

(83,473)

Total assets less current liabilities

(103,763)

(82,727)

Capital and reserves

Called up share capital

100

Profit and loss account

(103,863)

(82,827)

Shareholders' funds

(103,763)

(82,727)

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 11 December 2015

Mr A J Robinson

Director

Company Registration No. 06861957

OXFORD MARKETING ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

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).

These financial statements have been prepared on the going concern basis. The company meets its day to day working capital requirements through loans from its directors. The company is dependent on the continued financial support of its directors.

1.2

Turnover

Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due net of VAT and trade discounts.

1.3

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:

Computer equipment

33% Straight line

1.4

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.

Fixed assets

Tangible assets

Cost

At 1 April 2014

1,119

Additions

1,006

At 31 March 2015

2,125

Depreciation

At 1 April 2014

373

Charge for the year

584

At 31 March 2015

957

Net book value

At 31 March 2015

1,168

At 31 March 2014

746

OXFORD MARKETING ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

51 Ordinary shares of £1 each

49 Ordinary-A shares of £1 each

100

Both types of shares rank pari passu.

Related party relationships and transactions

Other transactions

At 31 March 2015 the company owed Mr A J Robinson £76,256 (2014: £64,829) and Ms A Natalchenko £37,464 (2014: £30,536) relating to expenses incurred on behalf of the company and these amounts are included in other creditors. The directors intend to support the company financially for the foreseeable future. There is no interest accruing on these balances and no set date for repayment.