Oxleycare Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03968256 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

OXLEYCARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs V A Oxley

REGISTERED OFFICE:

14 London Street

Andover

Hampshire

SP10 2PA

REGISTERED NUMBER:

03968256 (England and Wales)

ACCOUNTANTS:

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

BANKERS:

Lloyds TSB Bank plc

38 Blue Boar Row

Salisbury

Wiltshire

SP1 1DA

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

3,303

5,103

3,303

5,103

CURRENT ASSETS

Debtors

7

82,913

88,065

Cash at bank and in hand

256,950

162,745

339,863

250,810

CREDITORS

Amounts falling due within one year

8

120,895

96,412

NET CURRENT ASSETS

218,968

154,398

TOTAL ASSETS LESS CURRENT LIABILITIES

222,271

159,501

PROVISIONS FOR LIABILITIES

519

836

NET ASSETS

221,752

158,665

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

221,650

158,563

SHAREHOLDERS' FUNDS

221,752

158,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 January 2019 and were signed by:

Mrs V A Oxley - Director

1.	STATUTORY INFORMATION

Oxleycare Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents invoiced sales, which are exempt supplies for value added tax purposes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

Costs and expenses

Costs and expenses are recognised gross of Value Added Tax, due to the supplies made by the Company being

exempt.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2017 - 50 ) .

5.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 July 2017

and 30 June 2018

6,606

AMORTISATION

At 1 July 2017

and 30 June 2018

6,606

NET BOOK VALUE

At 30 June 2018

-

At 30 June 2017

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2017

and 30 June 2018

15,009

9,236

15,665

39,910

DEPRECIATION

At 1 July 2017

14,511

8,195

12,101

34,807

Charge for year

300

400

1,100

1,800

At 30 June 2018

14,811

8,595

13,201

36,607

NET BOOK VALUE

At 30 June 2018

198

641

2,464

3,303

At 30 June 2017

498

1,041

3,564

5,103

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

73,177

64,609

Prepayments

9,736

23,456

82,913

88,065

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Creditors

2,884

1,056

Tax

32,051

28,093

Other taxes and PAYE

63,641

45,909

Other creditors

18,769

18,122

Directors' current accounts

199

118

Accrued expenses

3,351

3,114

120,895

96,412

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director had a loan account with the company during the year. At the balance sheet date she was owed

£199, (2017: £118)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £71,000 (2017 - £60,000) were paid to the director .