| Oxford Business Development Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Oxford Business Development Ltd for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Oxford Business Development Ltd for the year ended 31 March 2014 which comprise the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Ridgefield Consulting Ltd. |
| Chartered Accountants |
| 7 Bertie Road |
| Cumnor |
| Oxford |
| OX2 9PS |
|
| 11 December 2014 |
|
| Oxford Business Development Ltd |
| Registered number: |
07161997 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
649,600 |
|
|
- |
| Tangible assets |
3 |
|
|
297 |
|
|
374 |
|
|
|
|
649,897 |
|
|
374 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
1,024 |
| Cash at bank and in hand |
|
|
8,678 |
|
|
17,062 |
|
|
|
8,678 |
|
|
18,086 |
|
| Creditors: amounts falling due within one year |
|
|
(666,451) |
|
|
(6,229) |
|
| Net current (liabilities)/assets |
|
|
|
(657,773) |
|
|
11,857 |
|
| Net (liabilities)/assets |
|
|
|
(7,876) |
|
|
12,231 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(7,878) |
|
|
12,229 |
|
| Shareholders' funds |
|
|
|
(7,876) |
|
|
12,231 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| D Cartwright |
| Director |
| Approved by the board on 11 December 2014 |
|
| Oxford Business Development Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Foreign currencies |
|
Development expenditure is measured at cost less accumulated amortisation and impairment losses. The development expenditure is amortised in line with the receipt of software licences as sold, over a period not exceeding 5 years. In the event that the future expected benefits are no longer probable of being recovered, the development expenditure is written down to its recoverable amount. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
Additions |
649,600 |
|
At 31 March 2014 |
649,600 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
649,600 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
387 |
|
At 31 March 2014 |
387 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
13 |
|
Charge for the year |
77 |
|
At 31 March 2014 |
90 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
297 |
|
At 31 March 2013 |
374 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
