Oracle Research Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08853647 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ORACLE RESEARCH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Palmer

R Taylor

M A Elloy

REGISTERED OFFICE:

Unit 7a

Shortwood Business Park

Barnsley

United Kingdom

S74 9LH

REGISTERED NUMBER:

08853647 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

20 Paradise Square

Sheffield

S1 1UA

CURRENT ASSETS

Debtors

42,298

47,160

Cash at bank and in hand

31

13

42,329

47,173

CREDITORS

Amounts falling due within one year

42,417

47,380

NET CURRENT LIABILITIES

(88

)

(207

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(88

)

(207

)

CAPITAL AND RESERVES

Called up share capital

2

3

Profit and loss account

(91

)

(210

)

SHAREHOLDERS' FUNDS

(88

)

(207

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 December 2016 and were signed on
its behalf by:

S Palmer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover & income recognition

Turnover represents interest receivable on loans made and is recognised on the date due.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax in the

future or a right to pay less tax in the future have occurred at the balance sheet date. Timing

differences are differences between the company's taxable profit or loss and its results as stated in the

financial statements that arise from the inclusion of gains and losses in assessments in periods

different from those in which they are recognised in the financial statements.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will

be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

3

Ordinary

£1

3

3.	BASIS OF PREPARATION OF FINANACIAL STATEMENTS

The financial statements have been prepared on a going concern basis because Mr Elloy has indicated

that he will continue to support the company until it is able to meet its debts as they fall due.