Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09939111 Russell Way Laura Way iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09939111 2023-02-28 09939111 2024-02-29 09939111 2023-03-01 2024-02-29 09939111 frs-core:CurrentFinancialInstruments 2024-02-29 09939111 frs-core:BetweenOneFiveYears 2024-02-29 09939111 frs-core:ComputerEquipment 2024-02-29 09939111 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09939111 frs-core:ComputerEquipment 2023-02-28 09939111 frs-core:PlantMachinery 2024-02-29 09939111 frs-core:PlantMachinery 2023-03-01 2024-02-29 09939111 frs-core:PlantMachinery 2023-02-28 09939111 frs-core:WithinOneYear 2024-02-29 09939111 frs-core:ShareCapital 2024-02-29 09939111 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09939111 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09939111 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09939111 frs-bus:SmallEntities 2023-03-01 2024-02-29 09939111 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09939111 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09939111 frs-bus:Director1 2023-03-01 2024-02-29 09939111 frs-bus:Director2 2023-03-01 2024-02-29 09939111 frs-countries:EnglandWales 2023-03-01 2024-02-29 09939111 2022-02-28 09939111 2023-02-28 09939111 2022-03-01 2023-02-28 09939111 frs-core:CurrentFinancialInstruments 2023-02-28 09939111 frs-core:BetweenOneFiveYears 2023-02-28 09939111 frs-core:WithinOneYear 2023-02-28 09939111 frs-core:ShareCapital 2023-02-28 09939111 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09939111
Simply Oxygen Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09939111
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,904 50,903
67,904 50,903
CURRENT ASSETS
Debtors 5 85,676 66,530
Cash at bank and in hand 13,522 5,948
99,198 72,478
Creditors: Amounts Falling Due Within One Year 6 (127,863 ) (104,716 )
NET CURRENT ASSETS (LIABILITIES) (28,665 ) (32,238 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,239 18,665
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,902 ) (9,671 )
NET ASSETS 26,337 8,994
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 26,237 8,894
SHAREHOLDERS' FUNDS 26,337 8,994
Page 1
Page 2
For the year ending 29 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Russell Way
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simply Oxygen Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09939111 . The registered office is 8 Farington Acres Flat 8, Farington Acres, Vale Road, Weybridge, KT13 9NH.
The presentation currency is £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured as services are performed in the provision of hyperbaric oxygen therapy for the period up to and including the balance sheet date, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%/20% straight line
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 87,034 10,472 97,506
Additions 33,728 5,504 39,232
As at 29 February 2024 120,762 15,976 136,738
Depreciation
As at 1 March 2023 42,105 4,498 46,603
Provided during the period 19,289 2,942 22,231
As at 29 February 2024 61,394 7,440 68,834
Net Book Value
As at 29 February 2024 59,368 8,536 67,904
As at 1 March 2023 44,929 5,974 50,903
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 85,676 66,530
85,676 66,530
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 122,075 102,329
Taxation and social security 5,788 2,387
127,863 104,716
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 24,000 24,000
Later than one year and not later than five years 20,000 44,000
44,000 68,000
Page 4