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REGISTERED NUMBER: 08635559 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Oxford Spires Language School Ltd

Oxford Spires Language School Ltd (Registered number: 08635559)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Oxford Spires Language School Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: O F McGovern





REGISTERED OFFICE: Unit 25, Bankside
Stationfields
Kidlington
Oxford
Oxfordshire
OX5 1JE





REGISTERED NUMBER: 08635559 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Oxford Spires Language School Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oxford Spires Language School Ltd for the year ended 31 August 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes 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 http://www.accaglobal.com/rulebook.

This report is made solely to the director of Oxford Spires Language School Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oxford Spires Language School Ltd and state those matters that we have agreed to state to the director of Oxford Spires Language School Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Oxford Spires Language School Ltd 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 profit of Oxford Spires Language School Ltd. You consider that Oxford Spires Language School 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 financial statements of Oxford Spires Language School 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 financial statements.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Oxford Spires Language School Ltd (Registered number: 08635559)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 473 161

CURRENT ASSETS
Debtors 5 358,773 534,327
Cash at bank 371,065 179,300
729,838 713,627
CREDITORS
Amounts falling due within one year 6 (490,416 ) (631,690 )
NET CURRENT ASSETS 239,422 81,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,895

82,098

CREDITORS
Amounts falling due after more than
one year

7

(79,167

)

(142,803

)
NET ASSETS/(LIABILITIES) 160,728 (60,705 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 160,727 (60,706 )
160,728 (60,705 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Spires Language School Ltd (Registered number: 08635559)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





O F McGovern - Director


Oxford Spires Language School Ltd (Registered number: 08635559)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Oxford Spires Language School Ltd 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 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.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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 1 (2022 - 3 ) .

Oxford Spires Language School Ltd (Registered number: 08635559)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 2,792
Additions 470
At 31 August 2023 3,262
DEPRECIATION
At 1 September 2022 2,631
Charge for year 158
At 31 August 2023 2,789
NET BOOK VALUE
At 31 August 2023 473
At 31 August 2022 161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 159,878 245,915
Other debtors 198,895 288,412
358,773 534,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 63,636 63,636
Trade creditors 342,629 478,008
Taxation and social security 32,432 21,610
Other creditors 51,719 68,436
490,416 631,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans 79,167 142,803

Oxford Spires Language School Ltd (Registered number: 08635559)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Oxford Virtual Education Group Limited. The company is ultimately controlled by the directors.