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REGISTERED NUMBER: 03516408 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Oaksys Tech Limited

Oaksys Tech Limited (Registered number: 03516408)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oaksys Tech Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: C Smith





SECRETARY: Mrs S J Smith





REGISTERED OFFICE: 127 Bridge Street
Belper
Derbyshire
DE56 1BA





REGISTERED NUMBER: 03516408 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Oaksys Tech Limited (Registered number: 03516408)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,298 1,767
1,298 1,767

CURRENT ASSETS
Debtors 6 78 144
Cash at bank and in hand 1,866 1,081
1,944 1,225
CREDITORS
Amounts falling due within one year 7 (46,374 ) (41,079 )
NET CURRENT LIABILITIES (44,430 ) (39,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,132

)

(38,087

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (43,232 ) (38,187 )
(43,132 ) (38,087 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oaksys Tech Limited (Registered number: 03516408)

Balance Sheet - continued
28 February 2024


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 director and authorised for issue on 4 November 2024 and were signed by:





C Smith - Director


Oaksys Tech Limited (Registered number: 03516408)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Oaksys Tech 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 (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost, 25% on reducing balance and 15% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The company made a loss of £5,045 and liabilities exceed assets by £43,132. However, the director has undertaken to continue to support the company financially until the company is able to fund its own operations from realised profits. On this basis the director considers it appropriate to prepare accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Oaksys Tech Limited (Registered number: 03516408)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 28 February 2024 300
AMORTISATION
At 1 March 2023
and 28 February 2024 300
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 7,534
Disposals (260 )
At 28 February 2024 7,274
DEPRECIATION
At 1 March 2023 5,767
Charge for year 469
Eliminated on disposal (260 )
At 28 February 2024 5,976
NET BOOK VALUE
At 28 February 2024 1,298
At 28 February 2023 1,767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 78 144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors - 38
Other creditors 46,374 41,041
46,374 41,079