Company Registration No. 8154128 (England and Wales)
ORACLE LIFTS LTD.
Unaudited accounts
for the year ended 31 July 2023
ORACLE LIFTS LTD.
Unaudited accounts
Contents
ORACLE LIFTS LTD.
Company Information
for the year ended 31 July 2023
Directors
Peter Raymond Brehme
Jean Carol Brehme
Company Number
8154128 (England and Wales)
Registered Office
54 Frensham Close
Southall
Middlesex
UB1 2YG
United Kingdom
ORACLE LIFTS LTD.
Statement of financial position
as at 31 July 2023
Tangible assets
10,760
11,840
Cash at bank and in hand
13,231
-
Creditors: amounts falling due within one year
(118,267)
(116,873)
Net current assets
6,049
37,117
Called up share capital
100
100
Profit and loss account
16,709
48,857
Shareholders' funds
16,809
48,957
For the year ending 31 July 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 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 2 October 2023 and were signed on its behalf by
Peter Raymond Brehme
Director
Company Registration No. 8154128
ORACLE LIFTS LTD.
Notes to the Accounts
for the year ended 31 July 2023
ORACLE LIFTS LTD. is a private company, limited by shares, registered in England and Wales, registration number 8154128. The registered office is 54 Frensham Close, Southall, Middlesex, UB1 2YG, United Kingdom .
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
33,931
10,724
-
44,655
At 31 July 2023
33,931
11,462
687
46,080
At 1 August 2022
25,136
7,679
-
32,815
Charge for the year
1,759
609
137
2,505
At 31 July 2023
26,895
8,288
137
35,320
At 31 July 2023
7,036
3,174
550
10,760
At 31 July 2022
8,795
3,045
-
11,840
ORACLE LIFTS LTD.
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
88,698
135,343
Other debtors
20,279
16,812
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,778
7,701
Trade creditors
78,093
55,702
Taxes and social security
20,764
53,470
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).