6 April 2022 false No description of principal activity Taxfiler 2023.11.1 SC522519business:PrivateLimitedCompanyLtd2022-04-062023-04-05 SC5225192022-04-05 SC5225192022-04-062023-04-05 SC522519business:AuditExempt-NoAccountantsReport2022-04-062023-04-05 SC522519business:FilletedAccounts2022-04-062023-04-05 SC5225192023-04-05 SC522519business:Director12022-04-062023-04-05 SC522519business:RegisteredOffice2022-04-062023-04-05 SC5225192022-04-05 SC522519core:WithinOneYear2023-04-05 SC522519core:WithinOneYear2022-04-05 SC522519core:AfterOneYear2023-04-05 SC522519core:AfterOneYear2022-04-05 SC522519core:ShareCapitalcore:PreviouslyStatedAmount2023-04-05 SC522519core:ShareCapitalcore:PreviouslyStatedAmount2022-04-05 SC522519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-05 SC522519core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-05 SC522519core:PreviouslyStatedAmount2023-04-05 SC522519core:PreviouslyStatedAmount2022-04-05 SC522519business:SmallEntities2022-04-062023-04-05 SC522519countries:Scotland2022-04-062023-04-05 SC522519core:FurnitureFittings2022-04-062023-04-05 SC522519core:ComputerEquipment2022-04-062023-04-05 SC522519core:FurnitureFittings2022-04-05 SC522519core:ComputerEquipment2022-04-05 SC522519core:FurnitureFittings2023-04-05 SC522519core:ComputerEquipment2023-04-05 SC5225192021-04-062022-04-05 iso4217:GBP xbrli:pure
Company Registration No. SC522519 (Scotland)
OASONS VERIFICATION & INSPECTION LTD Unaudited accounts for the year ended 5 April 2023
OASONS VERIFICATION & INSPECTION LTD Unaudited accounts Contents
Page
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OASONS VERIFICATION & INSPECTION LTD Company Information for the year ended 5 April 2023
Director
Chikadibia Christopher OBI-OFODILE
Company Number
SC522519 (Scotland)
Registered Office
58 CHARLESTON ROAD NORTH COVE ABERDEEN ABERDEENSHIRE AB12 3SZ SCOTLAND
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OASONS VERIFICATION & INSPECTION LTD Statement of financial position as at 5 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,238 
1,024 
Current assets
Debtors
36,449 
35,139 
Cash at bank and in hand
6,099 
5,364 
42,548 
40,503 
Creditors: amounts falling due within one year
(13,256)
(11,301)
Net current assets
29,292 
29,202 
Total assets less current liabilities
30,530 
30,226 
Creditors: amounts falling due after more than one year
(12,000)
(22,895)
Net assets
18,530 
7,331 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
18,525 
7,326 
Shareholders' funds
18,530 
7,331 
For the year ending 5 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 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 29 January 2023 and were signed on its behalf by
Chikadibia Christopher OBI-OFODILE Director Company Registration No. SC522519
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OASONS VERIFICATION & INSPECTION LTD Notes to the Accounts for the year ended 5 April 2023
1
Statutory information
OASONS VERIFICATION & INSPECTION LTD is a private company, limited by shares, registered in Scotland, registration number SC522519. The registered office is 58 CHARLESTON ROAD NORTH, COVE, ABERDEEN, ABERDEENSHIRE, AB12 3SZ, SCOTLAND.
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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% on cost
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 April 2022
1,452 
4,263 
5,715 
Additions
- 
833 
833 
At 5 April 2023
1,452 
5,096 
6,548 
Depreciation
At 6 April 2022
558 
4,133 
4,691 
Charge for the year
298 
321 
619 
At 5 April 2023
856 
4,454 
5,310 
Net book value
At 5 April 2023
596 
642 
1,238 
At 5 April 2022
894 
130 
1,024 
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OASONS VERIFICATION & INSPECTION LTD Notes to the Accounts for the year ended 5 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
18 
Trade debtors
12,449 
10,022 
Other debtors
24,000 
24,000 
36,449 
34,040 
Amounts falling due after more than one year
Other debtors
- 
1,099 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
313 
- 
Trade creditors
- 
2,803 
Taxes and social security
3,930 
3,259 
Other creditors
1,367 
- 
Loans from directors
6,133 
4,226 
Accruals
1,513 
1,013 
13,256 
11,301 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,000 
22,895 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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