2023-07-012024-06-302024-06-30false06633537OSCAR APPARELS 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OSCAR APPARELS LTD

Registered Number
06633537
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

OSCAR APPARELS LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

DURRANI, Muhammad Usman

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

06633537 (England and Wales)
OSCAR APPARELS LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,0514,019
2,0514,019
Current assets
Debtors1,081,437917,805
Cash at bank and on hand858,7231,739,199
1,940,1602,657,004
Creditors amounts falling due within one year5(639,844)(1,357,590)
Net current assets (liabilities)1,300,3161,299,414
Total assets less current liabilities1,302,3671,303,433
Creditors amounts falling due after one year6(214,206)(377,345)
Net assets1,088,161926,088
Capital and reserves
Called up share capital1,0001,000
Profit and loss account1,087,161925,088
Shareholders' funds1,088,161926,088
The financial statements were approved and authorised for issue by the Director on 11 January 2025, and are signed on its behalf by:
DURRANI, Muhammad Usman
Director
Registered Company No. 06633537
OSCAR APPARELS LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2311,945
At 30 June 2411,945
Depreciation and impairment
At 01 July 237,926
Charge for year1,968
At 30 June 249,894
Net book value
At 30 June 242,051
At 30 June 234,019
4.Fixed asset investments
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables172,6161,014,318
Bank borrowings and overdrafts382,308277,646
Taxation and social security84,68065,385
Other creditors240241
Total639,8441,357,590
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts159,686214,435
Other creditors54,520162,910
Total214,206377,345
Long 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.