Company Registration No. 10664635 (England and Wales)
Oxford Cannabinoid Technologies Ltd
Unaudited accounts
for the year ended 31 May 2020
Oxford Cannabinoid Technologies Ltd
Unaudited accounts
Contents
Oxford Cannabinoid Technologies Ltd
Company Information
for the year ended 31 May 2020
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 2020
Intangible assets
228,366
-
Tangible assets
62,091
73,106
Cash at bank and in hand
309,152
1,647,045
Creditors: amounts falling due within one year
(701,414)
(559,747)
Net current assets
328,299
1,785,332
Total assets less current liabilities
618,756
1,858,438
Creditors: amounts falling due after more than one year
(85,608)
(85,608)
Net assets
533,148
1,772,830
Called up share capital
133
132
Share premium
6,424,010
5,537,476
Profit and loss account
(5,890,995)
(3,764,778)
Shareholders' funds
533,148
1,772,830
For the year ending 31 May 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2020 and were signed on its behalf by
Indraneil Mahapatra
Director
Company Registration No. 10664635
Oxford Cannabinoid Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2020
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
67,908
Oxford Cannabinoid Technologies Ltd
Notes to the Accounts
for the year ended 31 May 2020
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2019
10,688
57,182
7,160
75,030
Additions
4,084
-
-
4,084
At 31 May 2020
14,772
57,182
7,160
79,114
At 1 June 2019
205
1,418
301
1,924
Charge for the year
3,681
9,623
1,795
15,099
At 31 May 2020
3,886
11,041
2,096
17,023
At 31 May 2020
10,886
46,141
5,064
62,091
At 31 May 2019
10,483
55,764
6,859
73,106
6
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
116,745
75,355
Other debtors
603,816
622,679
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
490,658
310,912
Taxes and social security
7,091
7,091
Other creditors
165,170
1,039
8
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
85,608
85,608
9
Transactions with related parties
At year end £2,383 was owed to the reporting entity by a company which is a shareholder.
10
Average number of employees
During the year the average number of employees was 5 (2019: 5).