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REGISTERED NUMBER: 07903526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OASIS EVENT DOOR LIMITED

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OASIS EVENT DOOR LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: Mrs L A Bainbridge
A G Bainbridge





REGISTERED OFFICE: Charm Park Farm
Wykeham
Scarborough
YO13 9QU





REGISTERED NUMBER: 07903526 (England and Wales)

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,292 8,583
Property, plant and equipment 5 111,190 119,498
115,482 128,081

CURRENT ASSETS
Inventories 606,440 526,522
Debtors 6 111,285 129,995
Cash at bank and in hand 299,412 248,409
1,017,137 904,926
CREDITORS
Amounts falling due within one year 7 856,696 684,897
NET CURRENT ASSETS 160,441 220,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,923

348,110

CREDITORS
Amounts falling due after more than one year 8 (27,867 ) (59,477 )

PROVISIONS FOR LIABILITIES (25,728 ) (27,300 )
NET ASSETS 222,328 261,333

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 221,228 260,233
SHAREHOLDERS' FUNDS 222,328 261,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





A G Bainbridge - Director


OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023


1. STATUTORY INFORMATION

Oasis Event Door Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The directors assessed and concluded that the useful economic life of goodwill should be reduced to 10 years from 20 with the effect from 1 December 2014.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Short leasehold- over the length of the lease
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 33% on cost; or 25% on reducing balance
Motor vehicles- 25% on reducing balance; or over the length of lease if shorter

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Leases
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 21 ) .

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 50,000
AMORTISATION
At 1 December 2022 41,417
Charge for year 4,291
At 30 November 2023 45,708
NET BOOK VALUE
At 30 November 2023 4,292
At 30 November 2022 8,583

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 15,648 57,710 31,995 92,883 198,236
Additions 3,517 3,532 18,078 - 25,127
At 30 November 2023 19,165 61,242 50,073 92,883 223,363
DEPRECIATION
At 1 December 2022 7,523 25,025 21,131 25,059 78,738
Charge for year 1,455 8,322 6,702 16,956 33,435
At 30 November 2023 8,978 33,347 27,833 42,015 112,173
NET BOOK VALUE
At 30 November 2023 10,187 27,895 22,240 50,868 111,190
At 30 November 2022 8,125 32,685 10,864 67,824 119,498

The net book value of property, plant and equipment includes £ 48,837 (2022 - £ 65,116 ) in respect of assets held under finance leases.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,504 42,218
Other debtors 79,781 87,777
111,285 129,995

OASIS EVENT DOOR LIMITED (REGISTERED NUMBER: 07903526)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,123 9,870
Finance leases 21,343 19,467
Trade creditors 71,572 87,608
Amounts owed to group undertakings 404,711 355,911
Taxation and social security 97,837 106,804
Other creditors 251,110 105,237
856,696 684,897

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,514 25,780
Finance leases 12,353 33,697
27,867 59,477

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Finance leases 33,696 53,164

Assets held on finance leases and hire purchase are secured on the underlying asset.

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £625 (2022 - £8,125).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate loan accounts with the company which are repayable on demand. The following advances and credits subsisted during the years ended 30 November 2023 and 30 November 2022.

20232022
££
Balance outstanding at start of year75,095 -
Amounts advanced171,391 158,487
Amounts repaid(181,128 )(83,392 )
Amounts written off- -
Amounts waived- -
Balance outstanding at end of year65,358 75,095

Interest has been charged at the HMRC beneficial loan rate whilst overdrawn.