Registered number
10070716
oscar tango solutions limited
Filleted Accounts
31 March 2022
oscar tango solutions limited
Registered number: 10070716
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 28,482 42,722
Current assets
Debtors 4 69,239 43,967
Cash at bank and in hand 11,574 10,960
80,813 54,927
Creditors: amounts falling due within one year 5 (48,759) (31,644)
Net current assets 32,054 23,283
Total assets less current liabilities 60,536 66,005
Creditors: amounts falling due after more than one year 6 (58,760) (71,858)
Net assets/(liabilities) 1,776 (5,853)
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,676 (5,953)
Shareholders' funds 1,776 (5,853)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Findley
Director
Approved by the board on 25 September 2024
oscar tango solutions limited
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2021 56,962
At 31 March 2022 56,962
Depreciation
At 1 April 2021 14,240
Charge for the year 14,240
At 31 March 2022 28,480
Net book value
At 31 March 2022 28,482
At 31 March 2021 42,722
4 Debtors 2022 2021
£ £
Other debtors 69,239 43,967
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 1,375 500
Taxation and social security costs 47,384 31,144
48,759 31,644
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 37,758 45,000
Obligations under finance lease and hire purchase contracts 21,002 26,858
58,760 71,858
7 Other information
oscar tango solutions limited is a private company limited by shares and incorporated in England. Its registered office is:
68 lander close
old hall
warringotn
wa5 9pj
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