Abbreviated Company Accounts - OXFORD EXPERIENCE LIMITED

Abbreviated Company Accounts - OXFORD EXPERIENCE LIMITED


Registered Number 02186395

OXFORD EXPERIENCE LIMITED

Abbreviated Accounts

30 April 2015

OXFORD EXPERIENCE LIMITED Registered Number 02186395

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 15,658 21,915
Investments 3 41,003 41,003
56,661 62,918
Current assets
Stocks 68,653 73,426
Debtors 376,371 378,693
Cash at bank and in hand 5,934 2,777
450,958 454,896
Creditors: amounts falling due within one year (175,482) (195,831)
Net current assets (liabilities) 275,476 259,065
Total assets less current liabilities 332,137 321,983
Creditors: amounts falling due after more than one year - (15,596)
Total net assets (liabilities) 332,137 306,387
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 332,135 306,385
Shareholders' funds 332,137 306,387
  • For the year ending 30 April 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.

Approved by the Board on 26 January 2016

And signed on their behalf by:
S.Moss, Director

OXFORD EXPERIENCE LIMITED Registered Number 02186395

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Leasehold premises Over the period of the lease
Plant and machinery 20% straight line
Motor vehicles 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
"Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

"

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

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease on a straight line basis.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 May 2014 193,229
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2015 193,229
Depreciation
At 1 May 2014 171,314
Charge for the year 6,257
On disposals -
At 30 April 2015 177,571
Net book values
At 30 April 2015 15,658
At 30 April 2014 21,915

3Fixed assets Investments
Investments
Cost
At 1/5/14 £41,003
At 30/4/15 £41,003

The Company holds 20% or more of the share capital of the following companies:

Company, Shares held, %, Capital & reserves, Profit for year,

Oxford Teddy Bear Academy Ltd, Ordinary, 100, £2, £-,
Holdan Books (Oxford) Limited, Ordinary, 100, £(90,648), £36,767,
Preference, 100,

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2