| Oxford Green Innotech Limited |
| Registered number: |
13225348 |
| Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
73,883 |
|
|
40,291 |
| Investments |
4 |
|
|
963 |
|
|
963 |
|
|
|
|
74,846 |
|
|
41,254 |
|
| Current assets |
| Debtors |
5 |
|
89,218 |
|
|
96,504 |
| Cash at bank and in hand |
|
|
19,877 |
|
|
21,827 |
|
|
|
109,095 |
|
|
118,331 |
|
| Creditors: amounts falling due within one year |
7 |
|
(150,088) |
|
|
(10,019) |
|
| Net current (liabilities)/assets |
|
|
|
(40,993) |
|
|
108,312 |
|
| Net assets |
|
|
|
33,853 |
|
|
149,566 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
158 |
|
|
158 |
| Share premium |
|
|
|
463,942 |
|
|
463,942 |
| Profit and loss account |
|
|
|
(430,247) |
|
|
(314,534) |
|
| Shareholders' funds |
|
|
|
33,853 |
|
|
149,566 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Wu, Shun Shing Simson |
| Director |
| Approved by the board on 11 November 2025 |
|
| Oxford Green Innotech Limited |
| Notes to the Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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. |
|
|
Research and development |
|
Expenditure on research and development is written off in the year in which it is incurred. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Patent & licence: |
|
|
Cost |
|
At 1 March 2024 |
44,526 |
|
Additions |
37,730 |
|
At 28 February 2025 |
82,256 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2024 |
4,235 |
|
Provided during the year |
4,138 |
|
At 28 February 2025 |
8,373 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
73,883 |
|
At 29 February 2024 |
40,291 |
|
|
|
|
|
|
|
|
|
|
Patent is being written off in equal annual instalments over its agreement of 20 years. |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 March 2024 |
963 |
|
|
At 28 February 2025 |
963 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
89,218 |
|
96,504 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Subsidiaries |
|
|
Details of the company's subsidiaries at 28 February 2025 are as follows: |
|
|
Name of undertaking |
Country of register |
% and class of shares held |
|
OXGRIN Sdn Bhd |
Brunei |
99.996% Ordinary shares |
|
|
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows: |
|
|
Name of undertaking |
|
|
|
|
Capital and |
|
Profit/(Loss) |
|
|
|
|
|
|
Reserves |
|
|
|
|
|
|
£ |
|
£ |
|
OXGRIN Sdn Bhd |
14,256 |
|
(381) |
|
|
The accounting period for the subsidiary runs to the year ended 31 December 2024. |
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
150,088 |
|
10,019 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Oxford Green Innotech Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
9400 Garsington Road |
|
Oxford Business Park |
|
Oxford |
|
OX4 2HN |