Oxford International Exchange Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03819860

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Oxford International Exchange Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J D Lee

SECRETARY:

W Lee

REGISTERED OFFICE:

Elizabeth House

Queen Street

Abingdon

Oxfordshire

OX14 3LN

REGISTERED NUMBER:

03819860

ACCOUNTANTS:

Webb Teasdale

Elizabeth House

Queen Street

Abingdon

Oxfordshire

OX14 3LN

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

996

1,328

996

1,328

CURRENT ASSETS

Debtors

56,672

24,031

Cash at bank and in hand

251,804

203,146

308,476

227,177

CREDITORS

Amounts falling due within one year

56,249

124,011

NET CURRENT ASSETS

252,227

103,166

TOTAL ASSETS LESS CURRENT
LIABILITIES

253,223

104,494

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

243,223

94,494

SHAREHOLDERS' FUNDS

253,223

104,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 January 2017 and were signed by:

J D Lee - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

7,000

AMORTISATION

At 1 July 2015

and 30 June 2016

7,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

8,728

DEPRECIATION

At 1 July 2015

7,400

Charge for year

332

At 30 June 2016

7,732

NET BOOK VALUE

At 30 June 2016

996

At 30 June 2015

1,328

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

£1

10,000