Company Registration No. 10664635 (England and Wales)
Oxford Cannabinoid Technologies Ltd
Unaudited accounts
for the year ended 31 May 2019
Oxford Cannabinoid Technologies Ltd
Unaudited accounts
Contents
Oxford Cannabinoid Technologies Ltd
Company Information
for the year ended 31 May 2019
Directors
Hee-Dong Kim
Indraneil Mahapatra
Anthony John Marshall
David Thomas Newns
Gavin Hilary Sathianathan
Karan Dharam Wadhera
Company Number
10664635 (England and Wales)
Registered Office
Maddox House
1 Maddox Street
London
W1S 2PZ
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Oxford Cannabinoid Technologies Ltd
Statement of financial position
as at
31 May 2019
Cash at bank and in hand
1,647,045
12,663
Creditors: amounts falling due within one year
(579,335)
(623,514)
Net current assets/(liabilities)
1,962,420
(373,508)
Net assets/(liabilities)
2,035,640
(373,508)
Called up share capital
133
105
Share premium
5,537,476
749,996
Profit and loss account
(3,501,969)
(1,123,609)
Shareholders' funds
2,035,640
(373,508)
For the year ending 31 May 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 February 2020.
Indraneil Mahapatra
Director
Company Registration No. 10664635
Oxford Cannabinoid Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2019
Oxford Cannabinoid Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10664635. The registered office is Maddox House, 1 Maddox Street, London, W1S 2PZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis on the grounds that the investors and loan creditors will continue to support the company within the 12 month period from the balance sheet date.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
10,688
57,182
7,160
75,030
At 31 May 2019
10,688
57,182
7,160
75,030
Charge for the year
258
1,379
173
1,810
At 31 May 2019
258
1,379
173
1,810
At 31 May 2019
10,430
55,803
6,987
73,220
Accrued income and prepayments
75,354
66,302
Other debtors
819,356
171,041
Oxford Cannabinoid Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2019
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
310,912
280,563
Taxes and social security
7,091
-
Other creditors
59,170
306,751
7
Average number of employees
During the year the average number of employees was 5 (2018: 2).