2022-07-012023-06-302023-06-30false06633537OSCAR APPARELS LTD2024-02-0182990iso4217:GBPxbrli:pure066335372022-07-01066335372023-06-30066335372022-07-012023-06-30066335372021-07-01066335372022-06-30066335372021-07-012022-06-3006633537bus:SmallEntities2022-07-012023-06-3006633537bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3006633537bus:AbridgedAccounts2022-07-012023-06-3006633537bus:PrivateLimitedCompanyLtd2022-07-012023-06-3006633537core:WithinOneYear2023-06-3006633537core:AfterOneYear2023-06-3006633537core:WithinOneYear2022-06-3006633537core:AfterOneYear2022-06-3006633537core:ShareCapital2023-06-3006633537core:SharePremium2023-06-3006633537core:RevaluationReserve2023-06-3006633537core:OtherReservesSubtotal2023-06-3006633537core:RetainedEarningsAccumulatedLosses2023-06-3006633537core:ShareCapital2022-06-3006633537core:SharePremium2022-06-3006633537core:RevaluationReserve2022-06-3006633537core:OtherReservesSubtotal2022-06-3006633537core:RetainedEarningsAccumulatedLosses2022-06-3006633537core:LandBuildings2023-06-3006633537core:PlantMachinery2023-06-3006633537core:Vehicles2023-06-3006633537core:FurnitureFittings2023-06-3006633537core:OfficeEquipment2023-06-3006633537core:NetGoodwill2023-06-3006633537core:IntangibleAssetsOtherThanGoodwill2023-06-3006633537core:ListedExchangeTraded2023-06-3006633537core:UnlistedNon-exchangeTraded2023-06-3006633537core:LandBuildings2022-06-3006633537core:PlantMachinery2022-06-3006633537core:Vehicles2022-06-3006633537core:FurnitureFittings2022-06-3006633537core:OfficeEquipment2022-06-3006633537core:NetGoodwill2022-06-3006633537core:IntangibleAssetsOtherThanGoodwill2022-06-3006633537core:ListedExchangeTraded2022-06-3006633537core:UnlistedNon-exchangeTraded2022-06-3006633537core:LandBuildings2022-07-012023-06-3006633537core:PlantMachinery2022-07-012023-06-3006633537core:Vehicles2022-07-012023-06-3006633537core:FurnitureFittings2022-07-012023-06-3006633537core:OfficeEquipment2022-07-012023-06-3006633537core:NetGoodwill2022-07-012023-06-3006633537core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3006633537core:ListedExchangeTraded2022-07-012023-06-3006633537core:UnlistedNon-exchangeTraded2022-07-012023-06-3006633537core:MoreThanFiveYears2022-07-012023-06-3006633537core:Non-currentFinancialInstruments2023-06-3006633537core:Non-currentFinancialInstruments2022-06-3006633537dpl:CostSales2022-07-012023-06-3006633537dpl:DistributionCosts2022-07-012023-06-3006633537core:LandBuildings2022-07-012023-06-3006633537core:PlantMachinery2022-07-012023-06-3006633537core:Vehicles2022-07-012023-06-3006633537core:FurnitureFittings2022-07-012023-06-3006633537core:OfficeEquipment2022-07-012023-06-3006633537dpl:AdministrativeExpenses2022-07-012023-06-3006633537core:NetGoodwill2022-07-012023-06-3006633537core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3006633537dpl:GroupUndertakings2022-07-012023-06-3006633537dpl:ParticipatingInterests2022-07-012023-06-3006633537dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3006633537core:ListedExchangeTraded2022-07-012023-06-3006633537dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3006633537core:UnlistedNon-exchangeTraded2022-07-012023-06-3006633537dpl:CostSales2021-07-012022-06-3006633537dpl:DistributionCosts2021-07-012022-06-3006633537core:LandBuildings2021-07-012022-06-3006633537core:PlantMachinery2021-07-012022-06-3006633537core:Vehicles2021-07-012022-06-3006633537core:FurnitureFittings2021-07-012022-06-3006633537core:OfficeEquipment2021-07-012022-06-3006633537dpl:AdministrativeExpenses2021-07-012022-06-3006633537core:NetGoodwill2021-07-012022-06-3006633537core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3006633537dpl:GroupUndertakings2021-07-012022-06-3006633537dpl:ParticipatingInterests2021-07-012022-06-3006633537dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3006633537core:ListedExchangeTraded2021-07-012022-06-3006633537dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3006633537core:UnlistedNon-exchangeTraded2021-07-012022-06-3006633537core:NetGoodwill2023-06-3006633537core:IntangibleAssetsOtherThanGoodwill2023-06-3006633537core:LandBuildings2023-06-3006633537core:PlantMachinery2023-06-3006633537core:Vehicles2023-06-3006633537core:FurnitureFittings2023-06-3006633537core:OfficeEquipment2023-06-3006633537core:AfterOneYear2023-06-3006633537core:WithinOneYear2023-06-3006633537core:ListedExchangeTraded2023-06-3006633537core:UnlistedNon-exchangeTraded2023-06-3006633537core:ShareCapital2023-06-3006633537core:SharePremium2023-06-3006633537core:RevaluationReserve2023-06-3006633537core:OtherReservesSubtotal2023-06-3006633537core:RetainedEarningsAccumulatedLosses2023-06-3006633537core:NetGoodwill2022-06-3006633537core:IntangibleAssetsOtherThanGoodwill2022-06-3006633537core:LandBuildings2022-06-3006633537core:PlantMachinery2022-06-3006633537core:Vehicles2022-06-3006633537core:FurnitureFittings2022-06-3006633537core:OfficeEquipment2022-06-3006633537core:AfterOneYear2022-06-3006633537core:WithinOneYear2022-06-3006633537core:Liste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OSCAR APPARELS LTD

Registered Number
06633537
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

OSCAR APPARELS LTD
Company Information
for the year from 1 July 2022 to 30 June 2023

Director

DURRANI, Muhammad Usman

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

06633537 (England and Wales)
OSCAR APPARELS LTD
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets54,0192,653
4,0192,653
Current assets
Debtors7917,8051,868,497
Cash at bank and on hand1,739,199740,727
2,657,0042,609,224
Creditors amounts falling due within one year8(1,357,590)(1,599,021)
Net current assets (liabilities)1,299,4141,010,203
Total assets less current liabilities1,303,4331,012,856
Creditors amounts falling due after one year9(377,345)(251,767)
Net assets926,088761,089
Capital and reserves
Called up share capital1,0001,000
Profit and loss account925,088760,089
Shareholders' funds926,088761,089
The financial statements were approved and authorised for issue by the Director on 1 February 2024, and are signed on its behalf by:
DURRANI, Muhammad Usman
Director
Registered Company No. 06633537
OSCAR APPARELS LTD
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 228,612
Additions3,333
At 30 June 2311,945
Depreciation and impairment
At 01 July 225,959
Charge for year1,967
At 30 June 237,926
Net book value
At 30 June 234,019
At 30 June 222,653
6.Dividends proposed and payable

2023

2022

££
Dividends Paid90,00077,500
Total90,00077,500
7.Debtors

2023

2022

££
Trade debtors / trade receivables808,0531,868,497
Other debtors15,496-
Prepayments and accrued income94,256-
Total917,8051,868,497
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,014,3181,404,941
Bank borrowings and overdrafts54,749-
Taxation and social security65,385146,165
Other creditors223,13847,915
Total1,357,5901,599,021
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts214,435-
Other creditors162,910251,767
Total377,345251,767
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.