Company registration number 10311514 (England and Wales)
Oscorla Limited
Unaudited
financial statements
for the year ended 31 August 2023
PAGES FOR FILING WITH REGISTRAR
Oscorla Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Oscorla Limited
Statement of financial position
as at 31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
2,046
2,004
Cash at bank and in hand
37,093
44,978
39,139
46,982
Creditors: amounts falling due within one year
4
(7,923)
(9,206)
Net current assets
31,216
37,776
Creditors: amounts falling due after more than one year
5
(5,926)
(8,750)
Net assets
25,290
29,026
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
25,190
28,926
Total equity
25,290
29,026

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 March 2024 and are signed on its behalf by:
I G Longbottom
Director
Company registration number 10311514 (England and Wales)
Oscorla Limited
Notes to the financial statements
for the year ended 31 August 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Government grants

Government grants are recognised at the fair value of the asset received when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,046
2,004
Oscorla Limited
Notes to the financial statements (continued)
for the year ended 31 August 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,000
3,000
Corporation tax
3,279
4,457
Other creditors
344
449
Accruals
1,300
1,300
7,923
9,206
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
5,926
8,750
6
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary A shares of £1 each
70
70
Ordinary B shares of £1 each
30
30
100
100
7
Company information

Oscorla Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Sandymoor, Allerton, Bradford, West Yorkshire, BD15 9LF.

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