Registered number
04244235
Oxford Petroleum Research Associates Limited
Unaudited Filleted Accounts
31 July 2024
Oxford Petroleum Research Associates Limited
Registered number: 04244235
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,663 534
Current assets
Debtors 4 3,813 3,802
Cash at bank and in hand 9,875 14,041
13,688 17,843
Creditors: amounts falling due within one year 5 (11,073) (13,504)
Net current assets 2,615 4,339
Total assets less current liabilities 4,278 4,873
Creditors: amounts falling due after more than one year 6 (3,483) (3,327)
Net assets 795 1,546
Capital and reserves
Called up share capital 100 100
Profit and loss account 695 1,446
Shareholders' funds 795 1,546
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D W Long
Director
Approved by the board on 29 January 2025
Oxford Petroleum Research Associates Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 15,500
Additions 1,399
At 31 July 2024 16,899
Depreciation
At 1 August 2023 14,966
Charge for the year 270
At 31 July 2024 15,236
Net book value
At 31 July 2024 1,663
At 31 July 2023 534
4 Debtors 2024 2023
£ £
Trade debtors 3,569 3,569
Prepayments 244 233
3,813 3,802
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax - 24
Other taxes and social security costs 3,480 2,171
Other creditors and accruals 7,593 11,309
11,073 13,504
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,483 3,327
7 Other information
Oxford Petroleum Research Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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