Company registration number 4340739 (England and Wales)
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Investments
3
15,750
16,405
Current assets
Trade and other receivables
5
99,391
34,391
Cash and cash equivalents
299,056
411,907
398,447
446,298
Current liabilities
6
(87,840)
(138,562)
Net current assets
310,607
307,736
Net assets
326,357
324,141
Equity
Called up share capital
7
9,800
9,800
Capital redemption reserve
5,000
5,000
Retained earnings
311,557
309,341
Total equity
326,357
324,141
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 November 2024 and are signed on its behalf by:
Mr J R A Parkinson
Director
Company registration number 4340739 (England and Wales)
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Oasis Air Conditioning (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 80 Bramhall Lane, Davenport, Stockport, SK2 6JG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Non-current investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
15,750
16,405
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 May 2023
16,405
Additions
200
Disposals
(855)
At 30 April 2024
15,750
Carrying amount
At 30 April 2024
15,750
At 30 April 2023
16,405
OASIS AIR CONDITIONING (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
Details of the company's subsidiaries at 30 April 2024 are as follows:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Oasis Air Conditioning (Midlands) Limited
80 Bramhall Lane, Stockport, England, SK2 6JG
Supply & installation of air conditioning
Ordinary
100.00
Oasis Air Conditioning Limited
80 Bramhall Lane, Stockport, England, SK2 6JG
Supply & installation of air conditioning
Ordinary
100.00
Oasis Maintenance Services Limited
80 Bramhall Lane, Stockport, England, SK2 6JG
Supply & installation of air conditioning
Ordinary
100.00
Oasis Mechanical Services Limited
80 Bramhall Lane, Stockport, England, SK2 6JG
Dormant
Ordinary
100.00
5
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
99,391
34,391
6
Current liabilities
2024
2023
£
£
Trade payables
618
Amounts owed to group undertakings
89,385
102,472
Other payables
(1,545)
35,472
87,840
138,562
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
8,800 Ordinary shares of £1 each
8,800
8,800
1,000 'A' Ordinary shares of £1 each
1,000
1,000
9,800
9,800