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Company Registration No. 13122948 (England and Wales)
OscarVLTR Limited Unaudited accounts for the year ended 31 January 2023
OscarVLTR Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OscarVLTR Limited Company Information for the year ended 31 January 2023
Director
Oscar Gracie
Company Number
13122948 (England and Wales)
Registered Office
3 NIGHTINGALE CLOSE RAINHAM GILLINGHAM ME8 8HS ENGLAND
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OscarVLTR Limited Statement of financial position as at 31 January 2023
2023
2022
Notes
£
£
Fixed assets
Intangible assets
4
5,840
7,786
Tangible assets
5
2,751
1,762
8,591
9,548
Current assets
Debtors
6
4,155
-
Cash at bank and in hand
2,105
13,824
6,260
13,824
Creditors: amounts falling due within one year
7
(13,171)
(15,162)
Net current liabilities
(6,911)
(1,338)
Total assets less current liabilities
1,680
8,210
Provisions for liabilities
Deferred tax
(522)
(335)
Net assets
1,158
7,875
Capital and reserves
Called up share capital
10
10
Profit and loss account
1,148
7,865
Shareholders' funds
1,158
7,875
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 3 October 2023 and were signed on its behalf by
Oscar Gracie Director Company Registration No. 13122948
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OscarVLTR Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
OscarVLTR Limited is a private company, limited by shares, registered in England and Wales, registration number 13122948. The registered office is 3 NIGHTINGALE CLOSE, RAINHAM, GILLINGHAM, ME8 8HS, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue, described as turnover, is the value of services provided to customers during the period.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Deferred taxation
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes except that a deferred tax asset is only recognised to the extent that it is recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse.
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OscarVLTR Limited Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2022
9,733
At 31 January 2023
9,733
Amortisation
At 1 February 2022
1,947
Charge for the year
1,946
At 31 January 2023
3,893
Net book value
At 31 January 2023
5,840
At 31 January 2022
7,786
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2022
1,881
Additions
1,830
At 31 January 2023
3,711
Depreciation
At 1 February 2022
119
Charge for the year
841
At 31 January 2023
960
Net book value
At 31 January 2023
2,751
At 31 January 2022
1,762
6
Debtors
2023
2022
£
£
Amounts falling due within one year
Other debtors
4,155
-
7
Creditors: amounts falling due within one year
2023
2022
£
£
Taxes and social security
6,089
13,722
Loans from directors
5,642
-
Accruals
1,440
1,440
13,171
15,162
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OscarVLTR Limited Notes to the Accounts for the year ended 31 January 2023
8
Transactions with related parties
The following transactions with directors and shareholders have not been conducted under normal market conditions: Interest is not being charged on the director's loans included within creditors.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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