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REGISTERED NUMBER: 08166778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Oasis Electrics Limited

Oasis Electrics Limited (Registered number: 08166778)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oasis Electrics Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: K Cresswell
Mrs T Cresswell





REGISTERED OFFICE: 6 Ash Lodge Drive
Ash
Aldershot
Hampshire
GU12 6LP





REGISTERED NUMBER: 08166778 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Oasis Electrics Limited (Registered number: 08166778)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,977 82,189

CURRENT ASSETS
Debtors 5 83,376 135,535
Cash at bank 864,127 650,353
947,503 785,888
CREDITORS
Amounts falling due within one year 6 288,416 154,045
NET CURRENT ASSETS 659,087 631,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,064

714,032

CAPITAL AND RESERVES
Called up share capital - 100
Retained earnings 974,064 713,932
SHAREHOLDERS' FUNDS 974,064 714,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





K Cresswell - Director


Oasis Electrics Limited (Registered number: 08166778)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Oasis Electrics 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.

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.

Turnover
Turnover relates to income derived from ordinary activities of the business and is stated after trade discounts and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Oasis Electrics Limited (Registered number: 08166778)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 - 112,704 5,790
Additions 246,970 - -
At 31 August 2023 246,970 112,704 5,790
DEPRECIATION
At 1 September 2022 - 35,342 5,009
Charge for year - 9,506 781
At 31 August 2023 - 44,848 5,790
NET BOOK VALUE
At 31 August 2023 246,970 67,856 -
At 31 August 2022 - 77,362 781

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 15,881 17,303 151,678
Additions - - 246,970
At 31 August 2023 15,881 17,303 398,648
DEPRECIATION
At 1 September 2022 13,138 16,000 69,489
Charge for year 686 3,209 14,182
At 31 August 2023 13,824 19,209 83,671
NET BOOK VALUE
At 31 August 2023 2,057 (1,906 ) 314,977
At 31 August 2022 2,743 1,303 82,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 83,376 135,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 26,842 17,122
Taxation and social security 250,914 125,842
Other creditors 10,660 11,081
288,416 154,045

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K Cresswell.