2023-03-012024-02-282024-02-28false13175554OUSHABA LTD2024-09-0647910iso4217:GBPxbrli:pure131755542023-03-01131755542024-02-28131755542023-03-012024-02-28131755542022-03-01131755542023-02-28131755542022-03-012023-02-2813175554bus:SmallEntities2023-03-012024-02-2813175554bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2813175554bus:FullAccounts2023-03-012024-02-2813175554bus:PrivateLimitedCompanyLtd2023-03-012024-02-2813175554core:WithinOneYear2024-02-2813175554core:AfterOneYear2024-02-2813175554core:WithinOneYear2023-02-2813175554core:AfterOneYear2023-02-2813175554core:ShareCapital2024-02-2813175554core:SharePremium2024-02-2813175554core:RevaluationReserve2024-02-2813175554core:OtherReservesSubtotal2024-02-2813175554core:RetainedEarningsAccumulatedLosses2024-02-2813175554core:ShareCapital2023-02-2813175554core:SharePremium2023-02-2813175554core:RevaluationReserve2023-02-2813175554core:OtherReservesSubtotal2023-02-2813175554core:RetainedEarningsAccumulatedLosses2023-02-2813175554core:LandBuildings2024-02-2813175554core:PlantMachinery2024-02-2813175554core:Vehicles2024-02-2813175554core:FurnitureFittings2024-02-2813175554core:OfficeEquipment2024-02-2813175554core:NetGoodwill2024-02-2813175554core:IntangibleAssetsOtherThanGoodwill2024-02-2813175554core:ListedExchangeTraded2024-02-2813175554core:UnlistedNon-exchangeTraded2024-02-2813175554core:LandBuildings2023-02-2813175554core:PlantMachinery2023-02-2813175554core:Vehicles2023-02-2813175554core:FurnitureFittings2023-02-2813175554core:OfficeEquipment2023-02-2813175554core:NetGoodwill2023-02-2813175554core:IntangibleAssetsOtherThanGoodwill2023-02-2813175554core:ListedExchangeTraded2023-02-2813175554core:UnlistedNon-exchangeTraded2023-02-2813175554core:LandBuildings2023-03-012024-02-2813175554core:PlantMachinery2023-03-012024-02-2813175554core:Vehicles2023-03-012024-02-2813175554core:FurnitureFittings2023-03-012024-02-2813175554core:OfficeEquipment2023-03-012024-02-2813175554core:NetGoodwill2023-03-012024-02-2813175554core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2813175554core:ListedExchangeTraded2023-03-012024-02-2813175554core:UnlistedNon-exchangeTraded2023-03-012024-02-2813175554core:MoreThanFiveYears2023-03-012024-02-2813175554core:Non-currentFinancialInstruments2024-02-2813175554core:Non-currentFinancialInstruments2023-02-2813175554dpl:CostSales2023-03-012024-02-2813175554dpl:DistributionCosts2023-03-012024-02-2813175554core:LandBuildings2023-03-012024-02-2813175554core:PlantMachinery2023-03-012024-02-2813175554core:Vehicles2023-03-012024-02-2813175554core:FurnitureFittings2023-03-012024-02-2813175554core:OfficeEquipment2023-03-012024-02-2813175554dpl:AdministrativeExpenses2023-03-012024-02-2813175554core:NetGoodwill2023-03-012024-02-2813175554core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2813175554dpl:GroupUndertakings2023-03-012024-02-2813175554dpl:ParticipatingInterests2023-03-012024-02-2813175554dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2813175554core:ListedExchangeTraded2023-03-012024-02-2813175554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2813175554core:UnlistedNon-exchangeTraded2023-03-012024-02-2813175554dpl:CostSales2022-03-012023-02-2813175554dpl:DistributionCosts2022-03-012023-02-2813175554core:LandBuildings2022-03-012023-02-2813175554core:PlantMachinery2022-03-012023-02-2813175554core:Vehicles2022-03-012023-02-2813175554core:FurnitureFittings2022-03-012023-02-2813175554core:OfficeEquipment2022-03-012023-02-2813175554dpl:AdministrativeExpenses2022-03-012023-02-2813175554core:NetGoodwill2022-03-012023-02-2813175554core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813175554dpl:GroupUndertakings2022-03-012023-02-2813175554dpl:ParticipatingInterests2022-03-012023-02-2813175554dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813175554core:ListedExchangeTraded2022-03-012023-02-2813175554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813175554core:UnlistedNon-exchangeTraded2022-03-012023-02-2813175554core:NetGoodwill2024-02-2813175554core:IntangibleAssetsOtherThanGoodwill2024-02-2813175554core:LandBuildings2024-02-2813175554core:PlantMachinery2024-02-2813175554core:Vehicles2024-02-2813175554core:FurnitureFittings2024-02-2813175554core:OfficeEquipment2024-02-2813175554core:AfterOneYear2024-02-2813175554core:WithinOneYear2024-02-2813175554core:ListedExchangeTraded2024-02-2813175554core:UnlistedNon-exchangeTraded2024-02-2813175554core:ShareCapital2024-02-2813175554core:SharePremium2024-02-2813175554core:RevaluationReserve2024-02-2813175554core:OtherReservesSubtotal2024-02-2813175554core:RetainedEarningsAccumulatedLosses2024-02-2813175554core:NetGoodwill2023-02-2813175554core:IntangibleAssetsOtherThanGoodwill2023-02-2813175554core:LandBuildings2023-02-2813175554core:PlantMachinery2023-02-2813175554core:Vehicles2023-02-2813175554core:FurnitureFittings2023-02-2813175554core:OfficeEquipment2023-02-2813175554core:AfterOneYear2023-02-2813175554core:WithinOneYear2023-02-2813175554core:ListedExc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OUSHABA LTD

Registered Number
13175554
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

OUSHABA LTD
Company Information
for the period from 1 March 2023 to 28 February 2024

Directors

CARR, Gillian
SALMAN, Aljohara

Registered Address

4 Cromwell Place 4 Cromwell Place
Oushaba Ltd
London
SW7 2JE

Registered Number

13175554 (England and Wales)
OUSHABA LTD
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets317,29321,949
17,29321,949
Current assets
Stocks4165,808115,766
Debtors16,9826,378
Cash at bank and on hand150,67167,987
333,461190,131
Creditors amounts falling due within one year5(1,110,971)(643,611)
Net current assets (liabilities)(777,510)(453,480)
Total assets less current liabilities(760,217)(431,531)
Net assets(760,217)(431,531)
Capital and reserves
Called up share capital100100
Profit and loss account(760,317)(431,631)
Shareholders' funds(760,217)(431,531)
The financial statements were approved and authorised for issue by the Board of Directors on 6 September 2024, and are signed on its behalf by:
CARR, Gillian
Director
Registered Company No. 13175554
OUSHABA LTD
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year13
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 2326,15426,154
Additions2,3222,322
At 28 February 2428,47628,476
Depreciation and impairment
At 01 March 234,2054,205
Charge for year6,9786,978
At 28 February 2411,18311,183
Net book value
At 28 February 2417,29317,293
At 28 February 2321,94921,949
4.Stocks

2024

2023

££
Finished goods165,808115,766
Total165,808115,766
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables26,090-
Taxation and social security11,2726,529
Other creditors1,070,109633,582
Accrued liabilities and deferred income3,5003,500
Total1,110,971643,611