PTP Accounts Production v18.2.0.360 06207845 director 1.8.17 31.7.18 31.7.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure062078452017-07-31062078452018-07-31062078452017-08-012018-07-31062078452016-07-31062078452016-08-012017-07-31062078452017-07-3106207845ns15:EnglandWales2017-08-012018-07-3106207845ns14:PoundSterling2017-08-012018-07-3106207845ns10:Director12017-08-012018-07-3106207845ns10:PrivateLimitedCompanyLtd2017-08-012018-07-3106207845ns10:SmallEntities2017-08-012018-07-3106207845ns10:AuditExempt-NoAccountantsReport2017-08-012018-07-3106207845ns10:SmallCompaniesRegimeForDirectorsReport2017-08-012018-07-3106207845ns10:SmallCompaniesRegimeForAccounts2017-08-012018-07-3106207845ns10:FullAccounts2017-08-012018-07-310620784512017-08-012018-07-3106207845ns10:CompanySecretary12017-08-012018-07-3106207845ns10:RegisteredOffice2017-08-012018-07-3106207845ns5:CurrentFinancialInstruments2018-07-3106207845ns5:CurrentFinancialInstruments2017-07-3106207845ns5:Non-currentFinancialInstruments2018-07-3106207845ns5:Non-currentFinancialInstruments2017-07-3106207845ns5:ShareCapital2018-07-3106207845ns5:ShareCapital2017-07-3106207845ns5:RetainedEarningsAccumulatedLosses2018-07-3106207845ns5:RetainedEarningsAccumulatedLosses2017-07-3106207845ns5:NetGoodwill2017-08-012018-07-3106207845ns5:PlantMachinery2017-08-012018-07-3106207845ns5:NetGoodwill2017-07-3106207845ns5:NetGoodwill2018-07-3106207845ns5:NetGoodwill2017-07-3106207845ns5:PlantMachinery2017-07-3106207845ns5:PlantMachinery2018-07-3106207845ns5:PlantMachinery2017-07-3106207845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-07-3106207845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-07-3106207845ns5:WithinOneYear2018-07-3106207845ns5:WithinOneYear2017-07-3106207845ns5:BetweenOneFiveYears2018-07-3106207845ns5:BetweenOneFiveYears2017-07-3106207845ns5:MoreThanFiveYears2018-07-3106207845ns5:MoreThanFiveYears2017-07-3106207845ns5:AllPeriods2018-07-3106207845ns5:AllPeriods2017-07-31


REGISTERED NUMBER: 06207845 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2018

for

Oxford Hearing Centre Limited

Oxford Hearing Centre Limited (Registered number: 06207845)






Contents of the Financial Statements
for the Year Ended 31st July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oxford Hearing Centre Limited

Company Information
for the Year Ended 31st July 2018







DIRECTOR: T F Johnson





SECRETARY: G J Bolton





REGISTERED OFFICE: North House
5 Farmoor Court
Farmoor
Oxford
Oxfordshire
OX2 9LU





REGISTERED NUMBER: 06207845 (England and Wales)





ACCOUNTANTS: Chesterton Consultancy Ltd
42 Abbotsbury Gardens
Pinner
Middlesex
HA5 1SX

Oxford Hearing Centre Limited (Registered number: 06207845)

Balance Sheet
31st July 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 67,681
Tangible assets 5 10,539 6,517
10,539 74,198

CURRENT ASSETS
Stocks 5,576 5,042
Debtors 6 4,558 10,705
Cash at bank and in hand 323,153 351,004
333,287 366,751
CREDITORS
Amounts falling due within one year 7 62,764 142,972
NET CURRENT ASSETS 270,523 223,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,062

297,977

CREDITORS
Amounts falling due after more than one
year

8

-

(15,000

)

PROVISIONS FOR LIABILITIES (2,002 ) (1,303 )
NET ASSETS 279,060 281,674

Oxford Hearing Centre Limited (Registered number: 06207845)

Balance Sheet - continued
31st July 2018

2018 2017
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 279,059 281,673
SHAREHOLDERS' FUNDS 279,060 281,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2018 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 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 12th November 2018 and were signed by:





T F Johnson - Director


Oxford Hearing Centre Limited (Registered number: 06207845)

Notes to the Financial Statements
for the Year Ended 31st July 2018

1. STATUTORY INFORMATION

Oxford Hearing Centre Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being
amortised evenly over its estimated useful life of five years. If there is any indication that there has
been a significant change to the remaining estimated economic life the amortisation will be revised to
reflect the new expectation.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and over the period of the lease.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.


Oxford Hearing Centre Limited (Registered number: 06207845)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2018

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2017
and 31st July 2018 338,497
AMORTISATION
At 1st August 2017 270,816
Charge for year 67,681
At 31st July 2018 338,497
NET BOOK VALUE
At 31st July 2018 -
At 31st July 2017 67,681

Oxford Hearing Centre Limited (Registered number: 06207845)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2017 36,559
Additions 13,569
Disposals (11,500 )
At 31st July 2018 38,628
DEPRECIATION
At 1st August 2017 30,042
Charge for year 9,547
Eliminated on disposal (11,500 )
At 31st July 2018 28,089
NET BOOK VALUE
At 31st July 2018 10,539
At 31st July 2017 6,517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 396
Other debtors 4,558 10,309
4,558 10,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 27,679 33,634
Taxation and social security 17,400 33,792
Other creditors 17,685 75,546
62,764 142,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Other creditors - 15,000

Oxford Hearing Centre Limited (Registered number: 06207845)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2018

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Within one year 37,340 32,000
Between one and five years 147,020 2,667
In more than five years 179,310 -
363,670 34,667