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COMPANY REGISTRATION NUMBER: 10552264
M OXFORD CONSULTING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
M OXFORD CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,026
770
CURRENT ASSETS
Debtors
6
11,168
10,733
Cash at bank and in hand
62,561
74,932
--------
--------
73,729
85,665
CREDITORS: amounts falling due within one year
7
6,152
5,028
--------
--------
NET CURRENT ASSETS
67,577
80,637
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
68,603
81,407
--------
--------
NET ASSETS
68,603
81,407
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
68,503
81,307
--------
--------
SHAREHOLDERS FUNDS
68,603
81,407
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M OXFORD CONSULTING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 21 March 2024 , and are signed on behalf of the board by:
Mr M Oxford
Mrs K Oxford
Director
Director
Company registration number: 10552264
M OXFORD CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Mead Road, Kettering, NN15 7RF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents amounts receivable for services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Computer Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Computer Equipment
Total
£
£
£
Cost
At 1 February 2023
597
1,721
2,318
Additions
737
737
Disposals
( 1,116)
( 1,116)
----
-------
-------
At 31 January 2024
597
1,342
1,939
----
-------
-------
Depreciation
At 1 February 2023
367
1,181
1,548
Charge for the year
34
447
481
Disposals
( 1,116)
( 1,116)
----
-------
-------
At 31 January 2024
401
512
913
----
-------
-------
Carrying amount
At 31 January 2024
196
830
1,026
----
-------
-------
At 31 January 2023
230
540
770
----
-------
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
11,168
10,733
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,851
2,843
Social security and other taxes
1,171
1,110
Other creditors
1,130
1,075
-------
-------
6,152
5,028
-------
-------