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Company Registration No. 11298388 (England and Wales)
OASIS HAIR BOUTIQUE LTD. Unaudited accounts for the year ended 30 April 2024
OASIS HAIR BOUTIQUE LTD. Unaudited accounts Contents
Page
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OASIS HAIR BOUTIQUE LTD. Company Information for the year ended 30 April 2024
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
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OASIS HAIR BOUTIQUE LTD. Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,141 
1,198 
Tangible assets
310 
6,581 
1,451 
7,779 
Current assets
Debtors
1 
4,497 
Cash at bank and in hand
50 
3,726 
51 
8,223 
Creditors: amounts falling due within one year
(99,041)
(97,107)
Net current liabilities
(98,990)
(88,884)
Total assets less current liabilities
(97,539)
(81,105)
Creditors: amounts falling due after more than one year
- 
(6,032)
Net liabilities
(97,539)
(87,137)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(97,540)
(87,138)
Shareholders' funds
(97,539)
(87,137)
For the year ending 30 April 2024 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 August 2024 and were signed on its behalf by
Elizma Werdal Director Company Registration No. 11298388
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
Taxation
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments
Investments in shares are included at fair value.
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
2,285 
At 30 April 2024
2,285 
Amortisation
At 1 May 2023
1,087 
Charge for the year
57 
At 30 April 2024
1,144 
Net book value
At 30 April 2024
1,141 
At 30 April 2023
1,198 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
20,933 
18,670 
522 
40,125 
Disposals
- 
(18,670)
- 
(18,670)
At 30 April 2024
20,933 
- 
522 
21,455 
Depreciation
At 1 May 2023
18,289 
15,143 
112 
33,544 
Charge for the year
2,644 
- 
100 
2,744 
On disposals
- 
(15,143)
- 
(15,143)
At 30 April 2024
20,933 
- 
212 
21,145 
Net book value
At 30 April 2024
- 
- 
310 
310 
At 30 April 2023
2,644 
3,527 
410 
6,581 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
240 
Amounts due from group undertakings etc.
1 
1 
Accrued income and prepayments
- 
756 
Other debtors
- 
3,500 
1 
4,497 
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OASIS HAIR BOUTIQUE LTD. Notes to the Accounts for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
3,343 
Other creditors
- 
20 
Loans from directors
98,661 
93,364 
Accruals
380 
380 
99,041 
97,107 
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 £98,660.60.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
6,032 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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