Company Registration No. 06067615 (England and Wales)
OXFORD SOFTWARE SOLUTIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
OXFORD SOFTWARE SOLUTIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
OXFORD SOFTWARE SOLUTIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
366
427
Tangible assets
2
3,249
3,259
3,615
3,686
Current assets
Debtors
32,442
24,583
Cash at bank and in hand
119,025
139,757
151,467
164,340
Creditors: amounts falling due within one year
(24,883)
(26,964)
Net current assets
126,584
137,376
Total assets less current liabilities
130,199
141,062
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
130,099
140,962
Shareholders' funds
130,199
141,062
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 October 2016
P Hopkins
Director
Company Registration No. 06067615
OXFORD SOFTWARE SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 February 2015
610
13,990
14,600
Additions
-
1,073
1,073
At 31 January 2016
610
15,063
15,673
Depreciation
At 1 February 2015
183
10,731
10,914
Charge for the year
61
1,083
1,144
At 31 January 2016
244
11,814
12,058
Net book value
At 31 January 2016
366
3,249
3,615
At 31 January 2015
427
3,259
3,686
OXFORD SOFTWARE SOLUTIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100