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REGISTERED NUMBER: 03819860












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Oxford International Exchange Ltd

Oxford International Exchange Ltd (Registered number: 03819860)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oxford International Exchange Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J D Lee





SECRETARY: W Lee





REGISTERED OFFICE: Boston House
Downsview Road
Wantage
Oxfordshire
OX12 9FF





REGISTERED NUMBER: 03819860





ACCOUNTANTS: Webb Teasdale Accountancy Ltd
Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF

Oxford International Exchange Ltd (Registered number: 03819860)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 554,468 530,106
Investments 6 78,637 78,637
633,105 608,743

CURRENT ASSETS
Debtors 7 886,198 340,629
Cash at bank and in hand 174,329 51,566
1,060,527 392,195
CREDITORS
Amounts falling due within one year 8 623,682 598,111
NET CURRENT ASSETS/(LIABILITIES) 436,845 (205,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,950

402,827

CREDITORS
Amounts falling due after more than one
year

9

245,352

-
NET ASSETS 824,598 402,827

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 814,598 392,827
SHAREHOLDERS' FUNDS 824,598 402,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Oxford International Exchange Ltd (Registered number: 03819860)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 13 February 2024 and were signed by:





J D Lee - Director


Oxford International Exchange Ltd (Registered number: 03819860)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Oxford International Exchange Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 1999, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Improvements to property - Straight line over 25 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

Oxford International Exchange Ltd (Registered number: 03819860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 7,000
AMORTISATION
At 1 July 2022
and 30 June 2023 7,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 July 2022 397,735 132,369 3,512
Additions - - -
At 30 June 2023 397,735 132,369 3,512
DEPRECIATION
At 1 July 2022 - - 3,511
Charge for year 11,932 5,295 1
At 30 June 2023 11,932 5,295 3,512
NET BOOK VALUE
At 30 June 2023 385,803 127,074 -
At 30 June 2022 397,735 132,369 1

Oxford International Exchange Ltd (Registered number: 03819860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 - 5,216 538,832
Additions 52,300 3,157 55,457
At 30 June 2023 52,300 8,373 594,289
DEPRECIATION
At 1 July 2022 - 5,215 8,726
Charge for year 13,075 792 31,095
At 30 June 2023 13,075 6,007 39,821
NET BOOK VALUE
At 30 June 2023 39,225 2,366 554,468
At 30 June 2022 - 1 530,106

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 78,637
NET BOOK VALUE
At 30 June 2023 78,637
At 30 June 2022 78,637

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 289,339 184,212
Other debtors 596,859 156,417
886,198 340,629

Other debtors include prepayments of £166,375.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 88,000 -
Trade creditors (1 ) 165,895
Taxation and social security 113,594 1,919
Other creditors 422,089 430,297
623,682 598,111

Oxford International Exchange Ltd (Registered number: 03819860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 205,333 -
Other creditors 40,019 -
245,352 -

10. RELATED PARTY DISCLOSURES

The company procures holidays directly from a company in Japan with whom Director of Oxford International Exchange Ltd is also a director of. The total spend with the Japanese company during the period of these accounts was £2,728,110.