Company Registration No. 06349427 (England and Wales)
OXFORD ENGLISH INTERNATIONAL LTD
Unaudited accounts
for the year ended 28 February 2023
OXFORD ENGLISH INTERNATIONAL LTD
Unaudited accounts
Contents
OXFORD ENGLISH INTERNATIONAL LTD
Company Information
for the year ended 28 February 2023
Directors
Aliya Bayanova
Timothy Montgomery Johns
Company Number
06349427 (England and Wales)
Registered Office
C/O Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
England
Accountants
Cooper Harland Limited
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of OXFORD ENGLISH INTERNATIONAL LTD (The Company) for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 28 February 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 28 February 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Cooper Harland Limited
Financial Accountants
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
10 October 2023
OXFORD ENGLISH INTERNATIONAL LTD
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
(1,497)
(742)
Creditors: amounts falling due within one year
(263,998)
(281,781)
Net current liabilities
(162,061)
(139,089)
Total assets less current liabilities
(161,678)
(135,662)
Creditors: amounts falling due after more than one year
(21,643)
(22,782)
Provisions for liabilities
Deferred tax
(6,739)
(6,739)
Net liabilities
(190,060)
(165,183)
Called up share capital
2
2
Profit and loss account
(190,062)
(165,185)
Shareholders' funds
(190,060)
(165,183)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
Aliya Bayanova
Director
Company Registration No. 06349427
OXFORD ENGLISH INTERNATIONAL LTD
Notes to the Accounts
for the year ended 28 February 2023
OXFORD ENGLISH INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 06349427. The registered office is C/O Unit 1.21, Barking Enterprise Centre, 50 Cambridge Road, Barking, Essex, IG11 8FG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost
Inventories are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.
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 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.
OXFORD ENGLISH INTERNATIONAL LTD
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
19,985
7,753
6,926
34,664
At 28 February 2023
19,985
7,753
6,926
34,664
At 1 March 2022
16,558
7,753
6,926
31,237
Charge for the year
3,044
-
-
3,044
At 28 February 2023
19,602
7,753
6,926
34,281
At 28 February 2023
383
-
-
383
At 28 February 2022
3,427
-
-
3,427
Amounts falling due within one year
Other debtors
84,404
84,404
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
495
495
Other creditors
223,446
266,273
Loans from directors
40,057
15,013
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mrs A Bayanova and T M Johns
(15,013)
32,138
57,182
(40,057)
(15,013)
32,138
57,182
(40,057)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).