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Company Registration No. 11298388 (England and Wales)
OASIS HAIR BOUTIQUE LTD. Unaudited accounts for the year ended 30 April 2023
OASIS HAIR BOUTIQUE LTD. Unaudited accounts Contents
Page
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OASIS HAIR BOUTIQUE LTD. Company Information for the year ended 30 April 2023
Directors
Claud Werdal Elizma Werdal
Company Number
11298388 (England and Wales)
Registered Office
7 AIRD CLOSE, WOOLTON HILL WOOLTON HILL NEWBURY BERKSHIRE RG20 9UH UNITED KINGDOM
Accountants
Asset Accounting (Swindon) Ltd Second Floor 11-12 Market Place Faringdon Oxfordshire SN7 7HP
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OASIS HAIR BOUTIQUE LTD. Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,198 
1,427 
Tangible assets
6,581 
21,021 
7,779 
22,448 
Current assets
Debtors
4,497 
4,473 
Cash at bank and in hand
3,726 
5,060 
8,223 
9,533 
Creditors: amounts falling due within one year
(97,107)
(96,594)
Net current liabilities
(88,884)
(87,061)
Total assets less current liabilities
(81,105)
(64,613)
Creditors: amounts falling due after more than one year
(6,032)
(15,973)
Net liabilities
(87,137)
(80,586)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(87,138)
(80,587)
Shareholders' funds
(87,137)
(80,586)
For the year ending 30 April 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 9 October 2023 and were signed on its behalf by
Elizma Werdal Director Company Registration No. 11298388
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
OASIS HAIR BOUTIQUE LTD. is a private company, limited by shares, registered in England and Wales, registration number 11298388. The registered office is 7 AIRD CLOSE, WOOLTON HILL, WOOLTON HILL, NEWBURY, BERKSHIRE, RG20 9UH, 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.
3
Accounting policies
These financial statements for the year ended 30 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
The Tax expense for the period comprises of current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted by the reporting date in the countries where the company operates and generates taxable income.
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:
Land & buildings
Leasehold Improvements - 16.67% straight line basis
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2023
Investments
Investments in shares are included at fair value.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
2,285 
At 30 April 2023
2,285 
Amortisation
At 1 May 2022
858 
Charge for the year
229 
At 30 April 2023
1,087 
Net book value
At 30 April 2023
1,198 
At 30 April 2022
1,427 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
20,933 
33,706 
4,637 
59,276 
Additions
- 
- 
521 
521 
Disposals
- 
(15,036)
(4,636)
(19,672)
At 30 April 2023
20,933 
18,670 
522 
40,125 
Depreciation
At 1 May 2022
14,448 
20,950 
2,857 
38,255 
Charge for the year
3,841 
2,660 
555 
7,056 
On disposals
- 
(8,467)
(3,300)
(11,767)
At 30 April 2023
18,289 
15,143 
112 
33,544 
Net book value
At 30 April 2023
2,644 
3,527 
410 
6,581 
At 30 April 2022
6,485 
12,756 
1,780 
21,021 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
240 
- 
Amounts due from group undertakings etc.
1 
1 
Accrued income and prepayments
756 
972 
Other debtors
3,500 
3,500 
4,497 
4,473 
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,343 
1,230 
Other creditors
20 
168 
Loans from directors
93,364 
94,816 
Accruals
380 
380 
97,107 
96,594 
Mr C Werdal and Mrs E Werdal (directors) had a loan account with the company. At the balance sheet date the amount due to Mr C Werdal and Mrs E Werdal was £93,364.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,032 
15,973 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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