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
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
OASIS HAIR BOUTIQUE LTD.
Statement of financial position
as at 30 April 2023
Intangible assets
1,198
1,427
Tangible assets
6,581
21,021
Cash at bank and in hand
3,726
5,060
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)
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
OASIS HAIR BOUTIQUE LTD.
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
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 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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
OASIS HAIR BOUTIQUE LTD.
Notes to the Accounts
for the year ended 30 April 2023
Investments in shares are included at fair value.
4
Intangible fixed assets
Other
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
Disposals
-
(15,036)
(4,636)
(19,672)
At 30 April 2023
20,933
18,670
522
40,125
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
At 30 April 2023
2,644
3,527
410
6,581
At 30 April 2022
6,485
12,756
1,780
21,021
Amounts falling due within one year
Amounts due from group undertakings etc.
1
1
Accrued income and prepayments
756
972
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
Loans from directors
93,364
94,816
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
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).