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REGISTERED NUMBER: SC434638 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Oscar Henderson Ltd

Oscar Henderson Ltd (Registered number: SC434638)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Oscar Henderson Ltd (Registered number: SC434638)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 102,321 97,949

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 78,237 31,996
Cash at bank and in hand 15,227 18,830
98,464 55,826
CREDITORS
Amounts falling due within one year 6 (110,596 ) (98,433 )
NET CURRENT LIABILITIES (12,132 ) (42,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,189

55,342

CREDITORS
Amounts falling due after more than one
year

7

(81,582

)

(94,176

)
NET ASSETS/(LIABILITIES) 8,607 (38,834 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,605 (38,836 )
8,607 (38,834 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Oscar Henderson Ltd (Registered number: SC434638)

Balance Sheet - continued
31 December 2023


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 10 October 2024 and were signed by:





Mr R O Henderson - Director


Oscar Henderson Ltd (Registered number: SC434638)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Oscar Henderson Ltd. is a private company, limited by shares, domiciled in Scotland, registration number SC434638. The registered office is 24 School Wynd, Paisley, Scotland, PA1 2DA.

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 represents net invoiced sales of goods and services in respect of (activity), excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

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

Oscar Henderson Ltd (Registered number: SC434638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 87,990 32,414 120,404
Additions - 8,283 8,283
At 31 December 2023 87,990 40,697 128,687
DEPRECIATION
At 1 January 2023 - 22,455 22,455
Charge for year - 3,911 3,911
At 31 December 2023 - 26,366 26,366
NET BOOK VALUE
At 31 December 2023 87,990 14,331 102,321
At 31 December 2022 87,990 9,959 97,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 78,237 31,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,898 16,097
Hire purchase contracts 2,333 -
Trade creditors 21,730 18,261
Taxation and social security 75,010 61,201
Other creditors 2,625 2,874
110,596 98,433

Oscar Henderson Ltd (Registered number: SC434638)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 81,582 88,343
Hire purchase contracts - 5,833
81,582 94,176

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,384 36,145