Company Registration No. 09435166 (England and Wales)
Oxbridge Academy London Ltd
Unaudited accounts
for the year ended 28 February 2023
Oxbridge Academy London Ltd
Unaudited accounts
Contents
Oxbridge Academy London Ltd
Company Information
for the year ended 28 February 2023
Company Number
09435166 (England and Wales)
Registered Office
5th Floor
35 New Broad Street
London
EC2M 1NH
United Kingdom
Accountants
Anthony Daniel Associates
10 Julian Place
London
E14 3AT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Oxbridge Academy London Ltd
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 accounts of
Oxbridge Academy London Ltd for the year ended
28 February 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Oxbridge Academy London Ltd, as a body, in accordance with the terms of our engagement letter dated 4 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Oxbridge Academy London Ltd and state those matters that we have agreed to state to the Board of Directors of Oxbridge Academy London Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oxbridge Academy London Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oxbridge Academy London Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Oxbridge Academy London Ltd. You consider that Oxbridge Academy London Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Oxbridge Academy London Ltd. 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 accounts.
Anthony Daniel Associates
Chartered Certified Accountants
10 Julian Place
London
E14 3AT
15 November 2023
Oxbridge Academy London Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
78
5,477
Creditors: amounts falling due within one year
(87,149)
(94,919)
Net current liabilities
(87,071)
(89,442)
Net liabilities
(86,398)
(88,109)
Called up share capital
100
100
Profit and loss account
(86,498)
(88,209)
Shareholders' funds
(86,398)
(88,109)
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 director acknowledges his 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 and authorised for issue on 15 November 2023 and were signed on its behalf by
Wei Wang
Director
Company Registration No. 09435166
Oxbridge Academy London Ltd
Notes to the Accounts
for the year ended 28 February 2023
Oxbridge Academy London Ltd is a private company, limited by shares, registered in England and Wales, registration number 09435166. The registered office is 5th Floor, 35 New Broad Street, London, EC2M 1NH, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Oxbridge Academy London Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
699
3,314
Other creditors
26,294
16,090
Loans from directors
59,663
75,009
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling party is Miss. Xu Min, who holds one hundred percent of the company shares.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).