Company registration number 05929408 (England and Wales)
AGE UK OXFORDSHIRE TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
AGE UK OXFORDSHIRE TRADING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
4
12,274
13,234
Cash at bank and in hand
9,857
8,399
22,131
21,633
Creditors: amounts falling due within one year
5
(55,166)
(55,336)
Net current liabilities
(33,035)
(33,703)
Capital and reserves
Called up share capital
6
25,000
25,000
Profit and loss reserves
(58,035)
(58,703)
Total equity
(33,035)
(33,703)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 December 2022 and are signed on its behalf by:
N C Greenhalf
Director
Company Registration No. 05929408
AGE UK OXFORDSHIRE TRADING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
- 2 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Accounting policies
Company information
Age UK Oxfordshire Trading Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
9/10 Napier Court, Barton Lane, Abingdon, Oxfordshire, OX14 3YT.
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
2.2
Going concern
A
true
t the time of approving the financial statements
,
t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future.
The company also continues to receive financial support from its parent charity.
Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3
Turnover
The turnover shown in the profit and loss account represents goods and services supplied by the company, net of Value Added Tax.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.5
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss accounts in the period they are payable.
AGE UK OXFORDSHIRE TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Average number of employees
3
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
12,274
13,234
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
1
358
Amounts owed to group undertakings
48,839
48,482
Corporation tax
6,276
6,276
Other taxation and social security
50
220
55,166
55,336
6
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
25,000 Ordinary of £1 each
25,000
25,000
7
Related party transactions
The company was a wholly owned subsidiary of Age UK Oxfordshire throughout the current year. Age UK
Oxfordshire is a registered charity incorporated in England.
In accordance with FRS102 section 33.1A, the company has taken advantage of the exemption from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by the ultimate parent company.
There were no other related party transactions and balances that require disclosure.