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Registered Number: 12528089
England and Wales

 

 

 

OAKTREE SCIENCES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 62,885    62,004 
62,885    62,004 
Current assets      
Debtors 34,875    49,247 
Cash at bank and in hand 3,012    1,620 
37,887    50,867 
Creditors: amount falling due within one year (229,653)   (264,140)
Net current assets (191,766)   (213,273)
 
Total assets less current liabilities (128,881)   (151,269)
Net assets (128,881)   (151,269)
 

Capital and reserves
     
Called up share capital 4 200    200 
Profit and loss account (129,081)   (151,469)
Shareholders' funds (128,881)   (151,269)
 


For the period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 01 October 2024 and were signed on its behalf by:


-------------------------------
Rishabh Malu
Director
1
General Information
Oaktree Sciences Ltd is a private company, limited by shares, registered in England and Wales, registration number 12528089, registration address 8-9 Ivor Place, , London, NW1 6BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company will be experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the period was 0 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 50,279    19,070    299    69,648 
Additions 15,950    1,090      17,040 
Disposals      
At 31 January 2024 66,229    20,160    299    86,688 
Depreciation
At 01 April 2023 1,263    6,283    98    7,644 
Charge for period 12,794    3,302    63    16,159 
On disposals      
At 31 January 2024 14,057    9,585    161    23,803 
Net book values
Closing balance as at 31 January 2024 52,172    10,575    138    62,885 
Opening balance as at 01 April 2023 49,016    12,787    201    62,004 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
200 Ordinary Shares shares of £1.00 each 200    200 
200    200 

2