Company No: 09504108 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr J Cowling
	Dr H M Sheeka
	Mr H Simpson-Wells

REGISTERED OFFICE	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

COMPANY NUMBER

09504108 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	5,133		6,507
		5,133		6,507
Current assets
Debtors	4	274,400		244,344
Cash at bank and in hand		133,586		74,205
		407,986		318,549
Creditors: amounts falling due within one year	5	( 284,302)		( 204,203)
Net current assets		123,684		114,346
Total assets less current liabilities		128,817		120,853
Provision for liabilities		( 1,032)		( 1,320)
Net assets		127,785		119,533
Capital and reserves
Called-up share capital	6	3,516		3,516
Profit and loss account		124,269		116,017
Total shareholders' funds		127,785		119,533

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Oxford Computer Group Worldwide Limited (registered number: 09504108) were approved and authorised for issue by the Board of Directors on 02 December 2025. They were signed on its behalf by:

Dr H M Sheeka Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Oxford Computer Group Worldwide Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced for services provided and licence fees receivable during the year, exclusive of Value Added Tax. Where income for training courses is received in advance it is deferred until the course has taken place. Advanced payments for consulting are deferred until performed.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
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.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

***Classification of financial liabilities***
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		8

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	21,505		21,505
Additions	2,072		2,072
At 31 March 2025	23,577		23,577
Accumulated depreciation
At 01 April 2024	14,998		14,998
Charge for the financial year	3,446		3,446
At 31 March 2025	18,444		18,444
Net book value
At 31 March 2025	5,133		5,133
At 31 March 2024	6,507		6,507

4. Debtors

	2025		2024
	£		£
Trade debtors	218,231		228,992
Prepayments and accrued income	56,169		15,352
	274,400		244,344

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	30,672		31,937
Accruals and deferred income	170,298		121,342
Corporation tax	12,320		29,148
Other taxation and social security	49,023		12,266
Other creditors	21,989		9,510
	284,302		204,203

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
84,394 A Ordinary shares of £ 0.01 each	844		844
113,371 B Ordinary shares of £ 0.01 each	1,134		1,134
35,155 C Ordinary shares of £ 0.01 each	352		352
76,433 D Ordinary shares of £ 0.01 each	764		764
42,197 E Ordinary shares of £ 0.01 each	422		422
	3,516		3,516

7. Related party transactions

Included within trade debtors is a balance of £Nil (2024: 22,632) owed by a director, which has arisen from sales in the year of £36,344 (2024: £62,855), and receipts received totalling £58,219 (2024: £46,238). Included within trade creditors is a balance of £22,075 (2024: £22,227) owed to the same director, arising from purchases in the year of £27,459 (2024: £58,360), and payments made totalling £27,579 (2024: £38,342). These amounts are unsecured and interest free with no fixed repayment terms.

Included in accruals is £8,839 (2024: £5,845) for expenses not yet billed to this director by the balance sheet date.