Oxford Virtual Markets Limited
Oxford Virtual Markets Limited
Registered number: 02563170
Abbreviated accounts
For The Year Ended 30 November 2016
Oxford Virtual Markets Limited
Company No. 02563170
Abbreviated Balance Sheet
30 November 2016
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| - | 133 | ||||
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Investments | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Share premium account |
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| Other reserves |
( |
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| Profit and Loss Account |
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( |
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| SHAREHOLDERS' FUNDS |
( |
( |
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Oxford Virtual Markets Limited
Company No. 02563170
Abbreviated Balance Sheet (continued)
30 November 2016
Directors' responsibilities:
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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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Oxford Virtual Markets Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 November 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Going Concern Disclosure
The directors have considered the future cashflows of the business and it's associated comapnies and are continuing to seek additional new investment in the Group. They have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and they therefore consider it appropriate to continue adopting the going convern basis of accounting in preparing the annual financial statements.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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| Computer Equipment |
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2.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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3.
Debtors
Debtors include an amount of £
-
(2015 - £
-
)
falling due after more than one year.
4.
Current Asset Investments
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Shares in subsidiaries |
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Oxford Virtual Markets Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 November 2016
5.
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
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| Amounts owed to other participating interests |
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