Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12503702 2023-04-01 2024-03-31 12503702 2022-04-01 2023-03-31 12503702 2024-03-31 12503702 2023-03-31 12503702 c:Director3 2023-04-01 2024-03-31 12503702 d:PlantMachinery 2023-04-01 2024-03-31 12503702 d:PlantMachinery 2024-03-31 12503702 d:PlantMachinery 2023-03-31 12503702 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12503702 d:CurrentFinancialInstruments 2024-03-31 12503702 d:CurrentFinancialInstruments 2023-03-31 12503702 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12503702 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12503702 d:ShareCapital 2024-03-31 12503702 d:ShareCapital 2023-03-31 12503702 d:RetainedEarningsAccumulatedLosses 2024-03-31 12503702 d:RetainedEarningsAccumulatedLosses 2023-03-31 12503702 c:FRS102 2023-04-01 2024-03-31 12503702 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12503702 c:FullAccounts 2023-04-01 2024-03-31 12503702 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12503702 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12503702









OASIS CAFE OLLERTON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OASIS CAFE OLLERTON LIMITED
REGISTERED NUMBER: 12503702

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
595
892

Current assets
  

Stocks
  
4,000
1,500

Debtors: amounts falling due within one year
 5 
797
4,390

Cash at bank and in hand
  
13,392
9,509

  
18,189
15,399

Creditors: amounts falling due within one year
 6 
(3,345)
(3,047)

Net current assets
  
 
 
14,844
 
 
12,352

  

Net assets
  
15,439
13,244


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
15,438
13,243

  
15,439
13,244


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2024.



E Phillips
Director

The notes on  form part of these financial statements.


 
OASIS CAFE OLLERTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

At the date of signing there is a degree of uncertainty about the full economic impact of COVID-19, the wider geopolitical environment and the cost of living crisis. The directors continue to monitor the position closely, however they believe that the company will continue at an appropriate level of activity subject to their continued support and therefore continue to adopt the going concern basis.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.


 
OASIS CAFE OLLERTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

 
1.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


2.


General information

Oasis Cafe Ollerton Limited is a private company limited by shares and incorporated in England registration number 12503702. Its registered office is Sherwood Drive, Ollerton, Newark, Nottinghamshire, NG22 9PP.


 
OASIS CAFE OLLERTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

2024
2023
£
£

Wages and salaries
22,317
13,034

Cost of defined contribution scheme
233
238

22,550
13,272


The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
1,486



At 31 March 2024

1,486



Depreciation


At 1 April 2023
594


Charge for the year on owned assets
297



At 31 March 2024

891



Net book value



At 31 March 2024
595



At 31 March 2023
892


 
OASIS CAFE OLLERTON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
713
4,064

Prepayments and accrued income
84
326

797
4,390



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
513
556

Amounts owed to group undertakings
1,740
1,740

Other taxation and social security
357
51

Other creditors
35
-

Accruals and deferred income
700
700

3,345
3,047



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £233 (2023 - £238). There was £35 in contributions outstanding at the year-end (2023 - £nil).


8.


Controlling party

The parent company is Lifespring Church and Centre and it holds 100% of the issued share capital. Its registered address is the same as Oasis Cafe Ollerton Limited.

 
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