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REGISTERED NUMBER: 12483832 (England and Wales)















Financial Statements

for the Year Ended 29 February 2024

for

Oasis Ai Ltd

Oasis Ai Ltd (Registered number: 12483832)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Oasis Ai Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr V K Patel
Mr K Shah





REGISTERED OFFICE: Lound Hall
Jay Lane
Lound
Lowestoft
Suffolk
NR32 5LH





REGISTERED NUMBER: 12483832 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Oasis Ai Ltd (Registered number: 12483832)

Abridged Balance Sheet
29 February 2024

29.2.24 28.2.23
as restated
Notes £ £
FIXED ASSETS
Intangible assets 4 331,123 232,251
Tangible assets 5 594 793
331,717 233,044

CURRENT ASSETS
Debtors 1,824 1,147
Cash at bank 2,890 24,731
4,714 25,878
CREDITORS
Amounts falling due within one year (225,970 ) (78,665 )
NET CURRENT LIABILITIES (221,256 ) (52,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,461

180,257

CAPITAL AND RESERVES
Called up share capital 120 180
Share premium 441,000 199,940
Retained earnings (330,659 ) (19,863 )
110,461 180,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Oasis Ai Ltd (Registered number: 12483832)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 February 2025 and were signed on its behalf by:





Mr K Shah - Director


Oasis Ai Ltd (Registered number: 12483832)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Oasis Ai Ltd 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Oasis Ai Ltd (Registered number: 12483832)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2023 303,525
Additions 143,583
At 29 February 2024 447,108
AMORTISATION
At 1 March 2023 71,274
Amortisation for year 44,711
At 29 February 2024 115,985
NET BOOK VALUE

At 29 February 2024 331,123
At 28 February 2023 232,251

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2023
and 29 February 2024 1,410
DEPRECIATION
At 1 March 2023 617
Charge for year 199
At 29 February 2024 816
NET BOOK VALUE
At 29 February 2024 594
At 28 February 2023 793