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Company Registration No. 13835486 (England and Wales)
OAL Solutions Ltd Unaudited accounts for the year ended 31 January 2024
OAL Solutions Ltd Unaudited accounts Contents
Page
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OAL Solutions Ltd Company Information for the year ended 31 January 2024
Director
G Cadruvi
Company Number
13835486 (England and Wales)
Registered Office
150 Sundridge Drive Chatham ME5 8HG England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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OAL Solutions Ltd Accountants' report
Accountants' report to the director of OAL Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of OAL Solutions Ltd for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OAL Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of OAL Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OAL Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OAL Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of OAL Solutions Ltd. You consider that OAL Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OAL Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 11 June 2024
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OAL Solutions Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,158 
944 
Current assets
Debtors
21,151 
649 
Cash at bank and in hand
20,108 
3,185 
41,259 
3,834 
Creditors: amounts falling due within one year
(16,455)
(4,736)
Net current assets/(liabilities)
24,804 
(902)
Total assets less current liabilities
33,962 
42 
Creditors: amounts falling due after more than one year
(6,887)
- 
Net assets
27,075 
42 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
27,074 
41 
Shareholders' funds
27,075 
42 
For the year ending 31 January 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 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 11 June 2024 and were signed on its behalf by
G Cadruvi Director Company Registration No. 13835486
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OAL Solutions Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
OAL Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13835486. The registered office is 150 Sundridge Drive, Chatham, ME5 8HG, 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.
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
25 % on reducing balance
Computer equipment
25 % on reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
1,033 
1,033 
Additions
10,829 
274 
11,103 
At 31 January 2024
10,829 
1,307 
12,136 
Depreciation
At 1 February 2023
- 
89 
89 
Charge for the year
2,611 
278 
2,889 
At 31 January 2024
2,611 
367 
2,978 
Net book value
At 31 January 2024
8,218 
940 
9,158 
At 31 January 2023
- 
944 
944 
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OAL Solutions Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,076 
- 
Other debtors
1,075 
649 
21,151 
649 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,906 
1,789 
Obligations under finance leases and hire purchase contracts
2,234 
- 
Taxes and social security
11,644 
2,431 
Loans from directors
222 
- 
Accruals
449 
516 
16,455 
4,736 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,887 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
G Cadruvi
Director Loan Account
649 
(28,312)
(27,441)
(222)
649 
(28,312)
(27,441)
(222)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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