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REGISTERED NUMBER: 09175856 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

OATLEY CONSULTING SERVICES LIMITED

OATLEY CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 09175856)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OATLEY CONSULTING SERVICES LIMITED

Company Information
for the year ended 31 August 2024







DIRECTORS: G R Schroeder
N H Schroeder





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 09175856 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

OATLEY CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 09175856)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 489 -

CURRENT ASSETS
Debtors 5 5,875 3,584
Cash at bank 184,246 270,103
190,121 273,687
CREDITORS
Amounts falling due within one year 6 (218 ) (29,254 )
NET CURRENT ASSETS 189,903 244,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

190,392

244,433

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 190,292 244,333
190,392 244,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 19 September 2024 and were signed on its behalf by:





G R Schroeder - Director


OATLEY CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 09175856)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Oatley Consulting 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.

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


Amounts in the financial statements have been rounded to the nearest Pound.

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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of tangible fixed assets and depreciation of these assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

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.


OATLEY CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 09175856)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The company ceased trading on 31 August 2024. It is the intention of the directors to place the company into members' voluntary liquidation. The accounts have therefore not been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 627
Additions 730
At 31 August 2024 1,357
DEPRECIATION
At 1 September 2023 627
Charge for year 241
At 31 August 2024 868
NET BOOK VALUE
At 31 August 2024 489
At 31 August 2023 -

OATLEY CONSULTING SERVICES LIMITED (REGISTERED NUMBER: 09175856)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,275
Other debtors 5,875 309
5,875 3,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 210 145
Taxation and social security 8 28,510
Other creditors - 599
218 29,254

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
G R Schroeder
Balance outstanding at start of year (461 ) 41
Amounts advanced 9,130 -
Amounts repaid (8,610 ) (502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59 (461 )

N H Schroeder
Balance outstanding at start of year (137 ) 41
Amounts advanced 8,991 840
Amounts repaid (7,844 ) (1,018 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,010 (137 )