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REGISTERED NUMBER: 06536075 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

OISAAC Limited

OISAAC Limited (Registered number: 06536075)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


OISAAC Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Isaac
Mr O Isaac





SECRETARY: Mr O Isaac





REGISTERED OFFICE: Gateways
Main Street
Oxhill
Warwickshire
CV35 0QR





REGISTERED NUMBER: 06536075 (England and Wales)





ACCOUNTANTS: Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
OISAAC Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OISAAC Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of OISAAC Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OISAAC Limited and state those matters that we have agreed to state to the Board of Directors of OISAAC Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OISAAC Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that OISAAC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OISAAC Limited. You consider that OISAAC Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of OISAAC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Angela Paull and Co Ltd
1 Court Mews
London Road
Charlton Kings
Cheltenham
Glos
GL52 6HS


15 November 2024

OISAAC Limited (Registered number: 06536075)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,817 117,381
Tangible assets 5 39,317 12,802
137,134 130,183

CURRENT ASSETS
Stocks 60,000 55,000
Debtors 6 294,776 289,598
Cash at bank and in hand 42,854 19,548
397,630 364,146
CREDITORS
Amounts falling due within one year 7 220,809 248,443
NET CURRENT ASSETS 176,821 115,703
TOTAL ASSETS LESS CURRENT LIABILITIES 313,955 245,886

CREDITORS
Amounts falling due after more than one
year

8

19,110

22,275
NET ASSETS 294,845 223,611

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 293,845 222,611
SHAREHOLDERS' FUNDS 294,845 223,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OISAAC Limited (Registered number: 06536075)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





Mr O Isaac - Director


OISAAC Limited (Registered number: 06536075)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

OISAAC 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

OISAAC Limited (Registered number: 06536075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 391,277
AMORTISATION
At 1 April 2023 273,896
Charge for year 19,564
At 31 March 2024 293,460
NET BOOK VALUE
At 31 March 2024 97,817
At 31 March 2023 117,381

OISAAC Limited (Registered number: 06536075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 35,770 - 17,866 53,636
Additions - 39,040 - 39,040
At 31 March 2024 35,770 39,040 17,866 92,676
DEPRECIATION
At 1 April 2023 27,658 - 13,176 40,834
Charge for year 1,217 9,760 1,548 12,525
At 31 March 2024 28,875 9,760 14,724 53,359
NET BOOK VALUE
At 31 March 2024 6,895 29,280 3,142 39,317
At 31 March 2023 8,112 - 4,690 12,802

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 37,000
At 31 March 2024 37,000
DEPRECIATION
Charge for year 9,250
At 31 March 2024 9,250
NET BOOK VALUE
At 31 March 2024 27,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 287,997 289,390
Other debtors 6,779 208
294,776 289,598

OISAAC Limited (Registered number: 06536075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,508 -
Trade creditors 139,315 187,063
Taxation and social security 63,752 49,470
Other creditors 2,234 1,910
220,809 248,443

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,225 22,275
Hire purchase contracts 6,885 -
19,110 22,275

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,225 22,275

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr O Isaac.