Abbreviated Company Accounts - OXFORD EXPERIENCE LIMITED

OXFORD EXPERIENCE LIMITED - Company Information

Registered Number 02186395

OXFORD EXPERIENCE LIMITED

Abbreviated Accounts

30 April 2016

OXFORD EXPERIENCE LIMITED Registered Number 02186395

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	36,194	15,658
Investments	3	41,002	41,003
		77,196	56,661
Current assets
Stocks		154,223	68,653
Debtors		303,369	376,371
Cash at bank and in hand		7,467	5,934
		465,059	450,958
Creditors: amounts falling due within one year		(129,607)	(175,482)
Net current assets (liabilities)		335,452	275,476
Total assets less current liabilities		412,648	332,137
Creditors: amounts falling due after more than one year		(22,769)	-
Total net assets (liabilities)		389,879	332,137
Capital and reserves
Called up share capital		2	2
Profit and loss account		389,877	332,135
Shareholders' funds		389,879	332,137

For the year ending 30 April 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 20 December 2016

And signed on their behalf by:
J.K.Moss, Director

OXFORD EXPERIENCE LIMITED Registered Number 02186395

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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 2015	193,229
Additions	31,550
Disposals	(15,875)
Revaluations	-
Transfers	-
At 30 April 2016	208,904
Depreciation
At 1 May 2015	177,571
Charge for the year	4,595
On disposals	(9,456)
At 30 April 2016	172,710
Net book values
At 30 April 2016	36,194
At 30 April 2015	15,658

3Fixed assets Investments
Cost at 1/5/15 £41,003, Disposals £1, Cost at 30/4/16 £41,002
The Company holds 20% or more of the share capital of the following companies:

Oxford Teddy Bear Academy Ltd.100% of the Ordinary shares
Capital and reserves £2. Profit for the year £0

Holdan Books (Oxford) Limited. 100% of the Ordinary shares & 100% of the Preference shares
Capital and reserves £(52,561). Profit for the year £38,087