British Archaeological Reports (Oxford) Limited

British Archaeological Reports (Oxford) Limited
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	1,294	18,564
Tangible fixed assets	4	12,305	14,477
		13,599	33,041
Current assets
Debtors	5	294,034	314,969
Cash at bank and in hand		92,281	201,186
		386,315	516,155
Creditors: amount falling due within one year	6	(112,728)	(84,781)
Net current assets		273,587	431,374

Total assets less current liabilities		287,186	464,415
Creditors: amount falling due after more than one year	7	(24,610)	(141,018)
Provisions for liabilities	8	(4,189)	(4,534)
Net assets		258,387	318,863

Capital and reserves
Called up share capital	9	2	2
Capital Redemption Reserve	10	1	1
Profit and loss account		258,384	318,860
Shareholders' funds		258,387	318,863

For the year ended 31 December 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.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 18 September 2026 and were signed on its behalf by:

-------------------------------
Birgit Thaller
Director

British Archaeological Reports (Oxford) Limited
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

British Archaeological Reports (Oxford) Limited is a private company, limited by shares, registered in England and Wales, registration number 02725280, registration address 122 Banbury Road, Oxford, OX2 7BP.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

15% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 6 (2024 : 6).

Intangible fixed assets

Cost	Patents	Software License	Total
	£	£	£
At 01 January 2025	156,479	16,229	172,708
Additions	-	-	-
Disposals	-	-	-
At 31 December 2025	156,479	16,229	172,708
Amortisation
At 01 January 2025	148,664	5,480	154,144
Charge for year	7,815	9,455	17,270
On disposals	-	-	-
At 31 December 2025	156,479	14,935	171,414
Net book values
At 31 December 2025	-	1,294	1,294
At 31 December 2024	7,815	10,749	18,564

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 January 2025	37,141	37,141
Additions	-	-
Disposals	-	-
At 31 December 2025	37,141	37,141
Depreciation
At 01 January 2025	22,664	22,664
Charge for year	2,172	2,172
On disposals	-	-
At 31 December 2025	24,836	24,836
Net book values
Closing balance as at 31 December 2025	12,305	12,305
Opening balance as at 01 January 2025	14,477	14,477

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	274,778	282,542
Prepayments	9,162	-
Accrued Income	6,647	10,920
Other Debtors	-	13,500
VAT	3,447	8,007
	294,034	314,969

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	66,821	14,981
Bank Loans & Overdrafts	9,642	10,283
Corporation Tax	18,434	50,173
PAYE & Social Security	7,503	5,663
Accrued Expenses	4,799	3,125
Directors' Current Accounts	5,529	556
	112,728	84,781

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	-	9,626
Accrued Expenses	-	2,271
Other Creditors	13,663	39,121
Shareholder's loan account	10,947	90,000
	24,610	141,018

Provisions for liabilities

	2025 £	2024 £
Deferred Tax	3,619	-
Charged to Profit & Loss	(543)	3,619
Pension Provisions	1,113	915
	4,189	4,534

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
200 Ordinary shares of £0.01 each	2		2
	2		2

10.

Capital Redemption Reserve

	2025 £		2024 £
Capital Redemption Reserve b/fwd	1		1
	1		1