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REGISTERED NUMBER: 01323644 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oasis Products Vending Services Limited

Oasis Products Vending Services Limited (Registered number: 01323644)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oasis Products Vending Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G R Rose
Mrs S A Rose
Miss C A Rose
C E R Rose





SECRETARY: Mrs S A Rose





REGISTERED OFFICE: Unit 7 Trade City
Brooklands Close
Sunbury on Thames
Surrey
TW16 7FD





REGISTERED NUMBER: 01323644 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Oasis Products Vending Services Limited (Registered number: 01323644)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,902 55,722
Investment property 6 950,000 825,000
993,902 880,722

CURRENT ASSETS
Stocks 18,253 22,965
Debtors 7 370,624 490,343
Cash at bank 1,046,965 848,264
1,435,842 1,361,572
CREDITORS
Amounts falling due within one year 8 576,573 473,038
NET CURRENT ASSETS 859,269 888,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,853,171

1,769,256

PROVISIONS FOR LIABILITIES 110,196 62,245
NET ASSETS 1,742,975 1,707,011

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Fair value reserve 9 345,187 290,827
Capital redemption reserve 1,800 1,800
Retained earnings 1,394,488 1,412,884
1,742,975 1,707,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2024 and were signed on its behalf by:




Miss C A Rose - Director


Oasis Products Vending Services Limited (Registered number: 01323644)

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

1. STATUTORY INFORMATION

Oasis Products Vending Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable of the company activities vending machine product supplies and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Oasis Products Vending Services Limited (Registered number: 01323644)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 7,393
AMORTISATION
At 1 January 2023
and 31 December 2023 7,393
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Oasis Products Vending Services Limited (Registered number: 01323644)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 89,363
Additions 1,234
At 31 December 2023 90,597
DEPRECIATION
At 1 January 2023 33,641
Charge for year 13,054
At 31 December 2023 46,695
NET BOOK VALUE
At 31 December 2023 43,902
At 31 December 2022 55,722

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 825,000
Revaluations 125,000
At 31 December 2023 950,000
NET BOOK VALUE
At 31 December 2023 950,000
At 31 December 2022 825,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 110,000
Valuation in 2021 50,000
Valuation in 2022 75,000
Valuation in 2023 125,000
Cost 590,000
950,000

The Investment property was valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 249,387 461,732
Other debtors 121,237 28,611
370,624 490,343

Oasis Products Vending Services Limited (Registered number: 01323644)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 62,500 41,361
Taxation and social security 134,227 195,218
Other creditors 379,846 236,459
576,573 473,038

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 290,827
Revaluation 54,360

At 31 December 2023 345,187

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
G R Rose
Balance outstanding at start of year 9,874 9,660
Amounts advanced 20,890 39,025
Amounts repaid (19,512 ) (38,811 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,252 9,874

Mrs S A Rose
Balance outstanding at start of year 17,863 29,660
Amounts advanced 33,670 27,963
Amounts repaid (31,372 ) (39,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,161 17,863

Miss C A Rose
Balance outstanding at start of year - -
Amounts advanced 62,178 -
Amounts repaid (17,492 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,686 -

C E R Rose
Balance outstanding at start of year - -
Amounts advanced 62,170 -
Amounts repaid (17,547 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,623 -

The loans to the directors are interest free and with no fixed date for repayment.

Oasis Products Vending Services Limited (Registered number: 01323644)

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

11. RELATED PARTY DISCLOSURES

During the year under review the company paid dividends of £299,999 (2022 - £Nil) to Oasis Property Lettings Limited a company under common control of the directors.

Included in creditors at the balance sheet date was an amount of £135,487 (2022 - £Nil) due to Oasis Property Lettings Limited.