Abbreviated Company Accounts - OXFORD ANCESTORS LIMITED

OXFORD ANCESTORS LIMITED - Company Information

Registered Number 04190671

OXFORD ANCESTORS LIMITED

Abbreviated Accounts

31 March 2016

OXFORD ANCESTORS LIMITED Registered Number 04190671

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	945	1,260
		945	1,260
Current assets
Stocks		1,100	950
Debtors		307	9
Cash at bank and in hand		20,911	30,248
		22,318	31,207
Creditors: amounts falling due within one year		(10,887)	(11,251)
Net current assets (liabilities)		11,431	19,956
Total assets less current liabilities		12,376	21,216
Total net assets (liabilities)		12,376	21,216
Capital and reserves
Called up share capital		10	10
Profit and loss account		12,366	21,206
Shareholders' funds		12,376	21,216

For the year ending 31 March 2016 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 9 December 2016

And signed on their behalf by:
Prof. B Sykes, Director

OXFORD ANCESTORS LIMITED Registered Number 04190671

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 25% Straight Line
Website - 20% Straight Line

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2Tangible fixed assets

	£
Cost
At 1 April 2015	22,723
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	22,723
Depreciation
At 1 April 2015	21,463
Charge for the year	315
On disposals	-
At 31 March 2016	21,778
Net book values
At 31 March 2016	945
At 31 March 2015	1,260