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REGISTERED NUMBER: 04505697 (England and Wales)















ORACLE SAFETY ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






ORACLE SAFETY ASSOCIATES LIMITED (REGISTERED NUMBER: 04505697)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


ORACLE SAFETY ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: P Douglas
Mrs T Douglas





SECRETARY: Mrs T Douglas





REGISTERED OFFICE: 4 Ash Grove
Bottesford
Nottingham
Nottinghamshire
NG13 0FR





REGISTERED NUMBER: 04505697 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

ORACLE SAFETY ASSOCIATES LIMITED (REGISTERED NUMBER: 04505697)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,065 3,292

CURRENT ASSETS
Debtors 5 3,815 10,040
Cash at bank 61,651 100,273
65,466 110,313
CREDITORS
Amounts falling due within one year 6 54,545 81,965
NET CURRENT ASSETS 10,921 28,348
TOTAL ASSETS LESS CURRENT LIABILITIES 12,986 31,640

PROVISIONS FOR LIABILITIES 392 625
NET ASSETS 12,594 31,015

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 12,494 30,915
SHAREHOLDERS' FUNDS 12,594 31,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2025 and were signed on its behalf by:





P Douglas - Director


ORACLE SAFETY ASSOCIATES LIMITED (REGISTERED NUMBER: 04505697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Oracle Safety Associates 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 represents net invoiced sales of health and safety consultancy services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 2 ) .

ORACLE SAFETY ASSOCIATES LIMITED (REGISTERED NUMBER: 04505697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 6 April 2023 760 8,330 9,090
Additions - 958 958
At 5 April 2024 760 9,288 10,048
DEPRECIATION
At 6 April 2023 564 5,234 5,798
Charge for year 73 2,112 2,185
At 5 April 2024 637 7,346 7,983
NET BOOK VALUE
At 5 April 2024 123 1,942 2,065
At 5 April 2023 196 3,096 3,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,514 9,074
Other debtors 2,005 -
Prepayments and accrued income 296 966
3,815 10,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,261 7,698
Other taxes and social security 2,291 10,103
Other creditors 146 292
Directors' current accounts 47,567 60,037
Accrued expenses 3,280 3,835
54,545 81,965

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100