Company Registration No. 13730973 (England and Wales)
OSCAR'S CUT LIMITED
Unaudited accounts
for the year ended 30 November 2023
OSCAR'S CUT LIMITED
Unaudited accounts
Contents
OSCAR'S CUT LIMITED
Company Information
for the year ended 30 November 2023
Company Number
13730973 (England and Wales)
Registered Office
102 THORNTON ROAD
THORNTON HEATH
CR7 6BB
ENGLAND
Accountants
D K OBENG GROUP
120 DALMALLY ROAD
CROYDON
SURREY
CR0 6LT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
OSCAR'S CUT LIMITED
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OSCAR'S CUT LIMITED for the year ended
30 November 2023 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of OSCAR'S CUT LIMITED, as a body, in accordance with the terms of our engagement letter dated 10 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of OSCAR'S CUT LIMITED and state those matters that we have agreed to state to the Board of Directors of OSCAR'S CUT LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OSCAR'S CUT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OSCAR'S CUT LIMITED 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 OSCAR'S CUT LIMITED. You consider that OSCAR'S CUT LIMITED 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 OSCAR'S CUT LIMITED. 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.
D K OBENG GROUP
Chartered Certified Accountants
120 DALMALLY ROAD
CROYDON
SURREY
CR0 6LT
30 August 2024
OSCAR'S CUT LIMITED
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
1,372
4,202
Creditors: amounts falling due within one year
(25,365)
(30,127)
Net current liabilities
(22,393)
(24,325)
Total assets less current liabilities
(21,652)
(22,901)
Provisions for liabilities
Net liabilities
(21,794)
(23,172)
Called up share capital
1
1
Profit and loss account
(21,795)
(23,173)
Shareholders' funds
(21,794)
(23,172)
For the year ending 30 November 2023 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 30 August 2024 and were signed on its behalf by
Oscar Agyarpong
Director
Company Registration No. 13730973
OSCAR'S CUT LIMITED
Notes to the Accounts
for the year ended 30 November 2023
OSCAR'S CUT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13730973. The registered office is 102 THORNTON ROAD, THORNTON HEATH, CR7 6BB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
33.33% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 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.
The Financial Statements have been prepared on a going concern basis, despite the company's balance sheet showing net liabilities of £21,794. This does not indicate that the company may be unable to continue trading. Based on the current forecasts the directors have indicated that they have the resources to make funds available to the company to enable it to meet its debts as and when they fall due for a period of at least twelve months from the date of approval of these financial statements and they are of the opinion that the going concern basis is appropriate.
OSCAR'S CUT LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
24,365
29,127
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).