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Registration number: 03722852

Oracle Training Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Oracle Training Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Oracle Training Consultants Limited

Company Information

Director

Miss Diane Elizabeth Logan

Registered office

65-67 Silver Street
Doncaster
South Yorkshire
DN1 1JL

Accountants

Upton & Co Accountants Limited
Chartered Certified Accountants
182 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Oracle Training Consultants Limited

(Registration number: 03722852)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

67,209

761

Current assets

 

Debtors

5

169,393

143,022

Cash at bank and in hand

 

45,076

155,690

 

214,469

298,712

Creditors: Amounts falling due within one year

6

(37,940)

(29,503)

Net current assets

 

176,529

269,209

Total assets less current liabilities

 

243,738

269,970

Creditors: Amounts falling due after more than one year

6

(38,557)

-

Net assets

 

205,181

269,970

Capital and reserves

 

Called up share capital

7

101

101

Retained earnings

205,080

269,869

Shareholders' funds

 

205,181

269,970

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2025
 

 

Oracle Training Consultants Limited

(Registration number: 03722852)
Balance Sheet as at 31 July 2024

.........................................
Miss Diane Elizabeth Logan
Director

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
65-67 Silver Street
Doncaster
South Yorkshire
DN1 1JL
England

These financial statements were authorised for issue by the director on 6 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% Straight Line Basis

Fixtures & Fittings

20% Straight Line Basis

Office Equipment

33% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 12).

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

355,963

2,000

-

357,963

Additions

403

-

72,540

72,943

At 31 July 2024

356,366

2,000

72,540

430,906

Depreciation

At 1 August 2023

355,202

2,000

-

357,202

Charge for the year

450

-

6,045

6,495

At 31 July 2024

355,652

2,000

6,045

363,697

Carrying amount

At 31 July 2024

714

-

66,495

67,209

At 31 July 2023

761

-

-

761

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

36,950

15,967

Other debtors

 

84,886

86,574

Prepayments

 

19,252

7,803

Income tax asset

28,305

32,678

 

169,393

143,022

6

Creditors

Creditors: amounts falling due within one year

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,510

-

Trade creditors

 

15,824

13,016

Taxation and social security

 

7,954

6,616

Accruals and deferred income

 

2,560

5,091

Other creditors

 

1,092

4,780

 

37,940

29,503

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

38,557

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

1

1

1

1

101

101

101

101

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

38,557

-

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

10,510

-

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £344.01 (2023 - £255.68) per each Ordinary

34,402

25,568

Interim dividend of £34,401.00 (2023 - £9,816.00) per each Ordinary B

34,401

9,816

68,803

35,384

 

Oracle Training Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

10

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Repayments by director
£

At 31 July 2024
£

Miss Diane Elizabeth Logan

DLA

86,574

(1,688)

84,886

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

Miss Diane Elizabeth Logan

DLA

100,000

(13,426)

86,574

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,772

21,135

Contributions paid to money purchase schemes

40,000

-

52,772

21,135