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COMPANY REGISTRATION NUMBER: 08588208
OSWIN STRAUSS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 June 2024
OSWIN STRAUSS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 JUNE 2024
CONTENTS
PAGES
Statement of financial position
1
Notes to the financial statements
2 to 4
OSWIN STRAUSS LIMITED
STATEMENT OF FINANCIAL POSITION
28 June 2024
2024
2023
Note
£
£
£
CURRENT ASSETS
Debtors
5
16,683
1,683
Cash at bank and in hand
464
33
--------
-------
17,147
1,716
CREDITORS: amounts falling due within one year
6
( 36,523)
( 34,851)
--------
--------
NET CURRENT LIABILITIES
( 19,376)
( 33,135)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 19,376)
( 33,135)
--------
--------
NET LIABILITIES
( 19,376)
( 33,135)
--------
--------
CAPITAL AND RESERVES
Called up share capital
99
99
Profit and loss account
( 19,475)
( 33,234)
--------
--------
SHAREHOLDERS DEFICIT
( 19,376)
( 33,135)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 January 2025 , and are signed on behalf of the board by:
R D Stroud
Director
Company registration number: 08588208
OSWIN STRAUSS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing financial support of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Equipment
-
33 1/3% Straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 29 June 2023 and 28 June 2024
2,285
10,909
13,194
-------
--------
--------
Depreciation
At 29 June 2023 and 28 June 2024
2,285
10,909
13,194
-------
--------
--------
Carrying amount
At 28 June 2024
-------
--------
--------
At 28 June 2023
-------
--------
--------
5. DEBTORS
2024
2023
£
£
Other debtors
16,683
1,683
--------
-------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Other creditors
34,783
33,981
Other creditors
1,740
870
--------
--------
36,523
34,851
--------
--------