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Registration number: 02665618

Oxford Games Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Oxford Games Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Oxford Games Limited

Company Information

Directors

L Scott

F Scott Vollrath

Company secretary

F Vollrath

Registered office

Upper Woods Farm
Islip Road
Beckley
Oxon
OX3 9TF

Accountants

Carbon Accountancy Limited
Chartered Accountants80-83 Long Lane
London
EC1A 9ET

 

Oxford Games Limited

(Registration number: 02665618)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

820

Current assets

 

Stocks

5

39,148

42,491

Debtors

6

342,462

321,952

Cash at bank and in hand

 

11,299

7,189

 

392,909

371,632

Creditors: Amounts falling due within one year

7

(20,648)

(23,256)

Net current assets

 

372,261

348,376

Net assets

 

372,261

349,196

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

372,161

349,096

Shareholders' funds

 

372,261

349,196

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

.........................................
F Scott Vollrath
Director

 

Oxford Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Upper Woods Farm
Islip Road
Beckley
Oxon
OX3 9TF

These financial statements were authorised for issue by the Board on 5 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Oxford Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Oxford Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

4

Tangible assets

Computer Equipment
£

Total
£

Cost or valuation

At 1 February 2024

4,587

4,587

At 31 January 2025

4,587

4,587

Depreciation

At 1 February 2024

3,767

3,767

Charge for the year

820

820

At 31 January 2025

4,587

4,587

Carrying amount

At 31 January 2025

-

-

At 31 January 2024

820

820

5

Stocks

2025
£

2024
£

Other inventories

39,148

42,491

 

Oxford Games Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6

Debtors

Current

2025
£

2024
£

Trade debtors

342,462

321,952

 

342,462

321,952

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

6,281

8,864

Accruals and deferred income

2,434

2,413

Other creditors

11,933

11,979

20,648

23,256

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares calss A of £1 each

40

40

40

40

Ordinary shares class B of £1 each

5

5

5

5

Ordinary shares calss C of £1 each

40

40

40

40

Ordinary shares calss D of £1 each

15

15

15

15

100

100

100

100

9

Related party transactions

During the year, the company received £65,000 (2024: £65,000) in royalties from Leslie Scott Associates (LSA), an unincorporated partnership in which director, Leslie Scott is the controlling proprietor. During the same period, LSA repaid £45,000 (2024: £15,000) of the accumulated trade debtor balance with Oxford Games Limited. At the year end the company was owed £341,952 (2024: £321,952) by LSA.