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Company Registration No. 07418959 (England and Wales)
OASIS TRADING IMPEX LIMITED Unaudited accounts for the year ended 31 October 2023
OASIS TRADING IMPEX LIMITED Unaudited accounts Contents
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OASIS TRADING IMPEX LIMITED Company Information for the year ended 31 October 2023
Director
Sher Bahadur Rai
Company Number
07418959 (England and Wales)
Registered Office
82-84 COVE ROAD FARNBOROUGH HAMPSHIRE GU14 0EU ENGLAND
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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OASIS TRADING IMPEX LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,500 
14,000 
Tangible assets
889 
1,099 
11,389 
15,099 
Current assets
Inventories
50,855 
29,525 
Debtors
2,424 
731 
Cash at bank and in hand
8,170 
12,514 
61,449 
42,770 
Creditors: amounts falling due within one year
(101,817)
(89,973)
Net current liabilities
(40,368)
(47,203)
Net liabilities
(28,979)
(32,104)
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
(29,099)
(32,224)
Shareholders' funds
(28,979)
(32,104)
For the year ending 31 October 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 30 July 2024 and were signed on its behalf by
Sher Bahadur Rai Director Company Registration No. 07418959
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OASIS TRADING IMPEX LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
OASIS TRADING IMPEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07418959. The registered office is 82-84 COVE ROAD, FARNBOROUGH, HAMPSHIRE, GU14 0EU, ENGLAND.
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.
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.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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OASIS TRADING IMPEX LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
35,000 
At 31 October 2023
35,000 
Amortisation
At 1 November 2022
21,000 
Charge for the year
3,500 
At 31 October 2023
24,500 
Net book value
At 31 October 2023
10,500 
At 31 October 2022
14,000 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
12,000 
42,558 
54,558 
At 31 October 2023
12,000 
42,558 
54,558 
Depreciation
At 1 November 2022
12,000 
41,459 
53,459 
Charge for the year
- 
210 
210 
At 31 October 2023
12,000 
41,669 
53,669 
Net book value
At 31 October 2023
- 
889 
889 
At 31 October 2022
- 
1,099 
1,099 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,191 
106 
Trade debtors
233 
625 
2,424 
731 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
22,665 
17,179 
Taxes and social security
2,040 
5,306 
Other creditors
1,381 
2,688 
Loans from directors
75,731 
64,800 
101,817 
89,973 
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OASIS TRADING IMPEX LIMITED Notes to the Accounts for the year ended 31 October 2023
8
Transactions with related parties
The director loan includes credit balance of £75,731 (2022: £64,800) on which no interest has been charged to the company. The condition of the loan is to repay within 12 months of the borrowing. There is no security held by the director against the loan.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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