Oxford Digital Limited - Filleted accounts


OXFORD DIGITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2026



































Company Registration Number: 05572811

OXFORD DIGITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 10

OXFORD DIGITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2026


DIRECTOR

John Richards


SECRETARY

John Richards


REGISTERED OFFICE

White Oak
West End
Combe
Witney
Oxon
OX29 8NP


COMPANY REGISTRATION NUMBER

05572811 England and Wales

OXFORD DIGITAL LIMITED

BALANCE SHEET
AS AT 31 MAY 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Intangible assets	5		10,430		20,249
Tangible assets	6		180		498


			10,610		20,747

CURRENT ASSETS
Debtors	7	15,020		19,087
Cash at bank and in hand		7,860		12,521


		22,880		31,608

CREDITORS: Amounts falling due within one year	8	76,811		82,662
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(53,931)		(51,054)


CURRENT LIABILITIES LESS TOTAL ASSETS			(43,321)		(30,307)

Provisions for liabilities and charges			34		95


NET LIABILITIES			(43,355)		(30,402)


CAPITAL AND RESERVES
Called up share capital			500		500
Distributable profit and loss account			(43,855)		(30,902)


SHAREHOLDERS' DEFICIT			(43,355)		(30,402)

OXFORD DIGITAL LIMITED

BALANCE SHEET
AS AT 31 MAY 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board




John Richards
Director

Date approved by the board: 28 September 2026

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


1	GENERAL INFORMATION

	Oxford Digital Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	White Oak
	West End
	Combe
	Witney
	Oxon
	OX29 8NP

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes the director £71,993, which could be required for repayment without notice. The company is therefore dependent upon the continued support of the director. The director does not consider their own support likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents amounts receivable for the development of audio technology, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of 5 or 7 years.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Fixtures, fittings and equipment					Straight line basis at 20% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value the through profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Current and deferred tax assets and liabilities are not discounted.

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.


	Research and development

	Expenditure on research and development is written off in the period in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual products. In this situation, the qualifying expenditure is deferred and amortised over the period during which the company is expected to benefit. The estimated period over which development expenditure is to be amortised is 3 years. Amortisation commences with the commercial production of the product and is allocated on a systematic basis to each accounting period, by reference to the sale of the product.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.

4	EMPLOYEES

	The average number of persons employed by the company (including the director) during the year was:

		2026	2025
	Average number of employees	2	2

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


5	INTANGIBLE FIXED ASSETS
		Development costs		Patents	Total
			£	£	£
	Cost
	At 1 June 2025		470,920	11,864	482,784

	Disposals		-	(3,697)	(3,697)


	At 31 May 2026		470,920	8,167	479,087


	Accumulated amounts written off
	At 1 June 2025		458,544	3,991	462,535

	Charge for year		6,188	1,166	7,354

	Disposals		-	(1,232)	(1,232)


	At 31 May 2026		464,732	3,925	468,657


	Net book value
	At 1 June 2025		12,376	7,873	20,249


	At 31 May 2026		6,188	4,242	10,430

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


6	TANGIBLE ASSETS
			Fixtures, fittings and equipment
			£
	Cost
	At 1 June 2025		8,026

	Disposals		(1,516)


	At 31 May 2026		6,510


	Accumulated depreciation
	At 1 June 2025		7,528

	Charge for year		236

	Disposals		(1,434)


	At 31 May 2026		6,330


	Net book value
	At 1 June 2025		498


	At 31 May 2026		180


7	DEBTORS
		2026	2025
		£	£
	Trade debtors	527	3,259
	Prepayments and accrued income	5,215	7,900
	Other debtors	9,278	7,928


		15,020	19,087


8	CREDITORS: Amounts falling due within one year
		2026	2025
		£	£
	Trade creditors	197	1,955
	Taxation and social security	870	287
	Accruals and deferred income	3,751	4,439
	Other creditors	71,993	75,981


		76,811	82,662

OXFORD DIGITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2026


9	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	John Richards
	Director		2026	2025
			£	£
	Advances to the company	The director has made advances to the company which are repayable on demand. Interest has not been charged on the balance. At the year end, the company owed the director the following amount:	71,993	75,981