IRIS Accounts Production v24.3.2.46 06116416 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061164162023-05-31061164162024-05-31061164162023-06-012024-05-31061164162022-05-31061164162022-06-012023-05-31061164162023-05-3106116416ns15:EnglandWales2023-06-012024-05-3106116416ns14:PoundSterling2023-06-012024-05-3106116416ns10:Director12023-06-012024-05-3106116416ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106116416ns10:SmallEntities2023-06-012024-05-3106116416ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106116416ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106116416ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106116416ns10:FullAccounts2023-06-012024-05-3106116416ns10:OrdinaryShareClass12023-06-012024-05-3106116416ns10:OrdinaryShareClass22023-06-012024-05-3106116416ns5:CurrentFinancialInstruments2024-05-3106116416ns5:CurrentFinancialInstruments2023-05-3106116416ns5:ShareCapital2024-05-3106116416ns5:ShareCapital2023-05-3106116416ns5:RetainedEarningsAccumulatedLosses2024-05-3106116416ns5:RetainedEarningsAccumulatedLosses2023-05-3106116416ns10:RegisteredOffice2023-06-012024-05-3106116416ns5:FurnitureFittings2023-06-012024-05-3106116416ns5:ComputerEquipment2023-06-012024-05-3106116416ns5:FurnitureFittings2023-05-3106116416ns5:ComputerEquipment2023-05-3106116416ns5:FurnitureFittings2024-05-3106116416ns5:ComputerEquipment2024-05-3106116416ns5:FurnitureFittings2023-05-3106116416ns5:ComputerEquipment2023-05-3106116416ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106116416ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3106116416ns10:OrdinaryShareClass12024-05-3106116416ns10:OrdinaryShareClass22024-05-31
REGISTERED NUMBER: 06116416 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OASIS INTERIOR DESIGN LTD

OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,266 2,283

CURRENT ASSETS
Stocks 5 3,500 9,280
Debtors 6 69,050 66,038
Cash at bank and in hand 165,543 231,863
238,093 307,181
CREDITORS
Amounts falling due within one year 7 60,130 99,909
NET CURRENT ASSETS 177,963 207,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,229

209,555

PROVISIONS FOR LIABILITIES 431 154
NET ASSETS 179,798 209,401

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 179,688 209,291
SHAREHOLDERS' FUNDS 179,798 209,401

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

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

The director acknowledges her 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.

OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





R Packer - Director


OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Oasis Interior Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06116416

Registered office: 368 Forest Road
London
E17 5JF

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 33% on cost

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 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.


OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 4,134 8,651 12,785
Additions - 1,082 1,082
At 31 May 2024 4,134 9,733 13,867
DEPRECIATION
At 1 June 2023 3,436 7,066 10,502
Charge for year 174 925 1,099
At 31 May 2024 3,610 7,991 11,601
NET BOOK VALUE
At 31 May 2024 524 1,742 2,266
At 31 May 2023 698 1,585 2,283

5. STOCKS
2024 2023
£    £   
Stocks 3,500 9,280

OASIS INTERIOR DESIGN LTD (REGISTERED NUMBER: 06116416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,050 65,438
Other debtors - 600
69,050 66,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 5 143
Trade creditors 4,170 557
Taxation and social security 21,134 17,907
Other creditors 34,821 81,302
60,130 99,909

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5 143

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
110 110

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


20242023
£   £   
Amounts owed by/(to) R Packer (Director)(31,821)(78,302)

The controlling party is R Packer.