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Registration number: 02120173

Oxford Archaeological Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

 

Oxford Archaeological Associates Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Oxford Archaeological Associates Limited
(Registration number: 02120173)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

87

   

216

 

Current assets

 

             

Stocks

 

   

-

   

3,000

 

Debtors

 

   

2,173

   

12,946

 

Cash at bank and in hand

 

   

9,042

   

14,126

 
   

   

11,215

   

30,072

 

Creditors: Amounts falling due within one year

 

   

(18,096)

   

(32,081)

 

Net current liabilities

 

   

(6,881)

   

(2,009)

 

Net liabilities

 

   

(6,794)

   

(1,793)

 

Capital and reserves

 

             

Called up share capital

 

3

   

12,200

   

12,200

 

Profit and loss account

 

   

(18,994)

   

(13,993)

 

Shareholders' deficit

 

   

(6,794)

   

(1,793)

 

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 20 December 2016 and signed on its behalf by:

.........................................
S N Collcutt
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Oxford Archaeological Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis, on the assumption that there will be ongoing support from creditors.

Turnover

Turnover represents the amount derived from the provision of services falling within the company's activities after deduction of trade discounts and value added tax.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

10-25% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Deferred tax

Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Oxford Archaeological Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

6,878

   

6,878

 

At 31 March 2016

 

6,878

   

6,878

 

Depreciation

           

At 1 April 2015

 

6,662

   

6,662

 

Charge for the year

 

129

   

129

 

At 31 March 2016

 

6,791

   

6,791

 

Net book value

           

At 31 March 2016

 

87

   

87

 

At 31 March 2015

 

216

   

216

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 

'A' Ordinary shares of £1 each

 

12,100

   

12,100

   

12,100

   

12,100

 
   

12,200

   

12,200

   

12,200

   

12,200