Registered Number 05406221

OXFORD PROPERTY SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2014

OXFORD PROPERTY SOLUTIONS LIMITED Registered Number 05406221

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 18,656 14,748
18,657 14,749
Current assets
Stocks 13,739 12,508
Debtors 312,632 268,619
Cash at bank and in hand 294,981 347,117
621,352 628,244
Creditors: amounts falling due within one year (560,886) (604,847)
Net current assets (liabilities) 60,466 23,397
Total assets less current liabilities 79,123 38,146
Creditors: amounts falling due after more than one year (58,030) (31,827)
Provisions for liabilities (405) (1,290)
Total net assets (liabilities) 20,688 5,029
Capital and reserves
Called up share capital 4 10 10
Profit and loss account 20,678 5,019
Shareholders' funds 20,688 5,029
  • For the year ending 31 March 2014 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 19 November 2014

And signed on their behalf by:
Ms E F Righton, Director

OXFORD PROPERTY SOLUTIONS LIMITED Registered Number 05406221

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company,
net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provide at rates
calculated to write off the cost less estimated residual value of each asset over its expected
useful life, as follows:

Plant and machinery 25% reducing balance basis
Fixtures and fittings 25% reducing balance basis
Motor Vehicles 25% reducing balance basis

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 April 2013 50,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 50,000
Amortisation
At 1 April 2013 49,999
Charge for the year -
On disposals -
At 31 March 2014 49,999
Net book values
At 31 March 2014 1
At 31 March 2013 1
3Tangible fixed assets
£
Cost
At 1 April 2013 50,353
Additions 12,374
Disposals -
Revaluations -
Transfers -
At 31 March 2014 62,727
Depreciation
At 1 April 2013 35,605
Charge for the year 8,466
On disposals -
At 31 March 2014 44,071
Net book values
At 31 March 2014 18,656
At 31 March 2013 14,748
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
10 Ordinary shares of £1 each 10 10