Company Registration No. 13835486 (England and Wales)
OAL Solutions Ltd
Unaudited accounts
for the year ended 31 January 2025
OAL Solutions Ltd
Unaudited accounts
Contents
OAL Solutions Ltd
Company Information
for the year ended 31 January 2025
Company Number
13835486 (England and Wales)
Registered Office
150 Sundridge Drive
Chatham
ME5 8HG
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
OAL Solutions Ltd
Accountants' report
Accountants' report to the director of OAL Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OAL Solutions Ltd for the year ended
31 January 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OAL Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of OAL Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OAL Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OAL Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of OAL Solutions Ltd. You consider that OAL Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OAL Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
20 March 2025
OAL Solutions Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
6,869
9,158
Cash at bank and in hand
32,557
20,108
Creditors: amounts falling due within one year
(34,876)
(16,455)
Net current assets
26,317
24,804
Total assets less current liabilities
33,186
33,962
Creditors: amounts falling due after more than one year
(4,653)
(6,887)
Called up share capital
1
1
Profit and loss account
28,532
27,074
Shareholders' funds
28,533
27,075
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2025 and were signed on its behalf by
G Cadruvi
Director
Company Registration No. 13835486
OAL Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2025
OAL Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13835486. The registered office is 150 Sundridge Drive, Chatham, ME5 8HG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25 % on reducing balance
Computer equipment
25 % on reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
10,829
1,307
12,136
At 31 January 2025
10,829
1,307
12,136
At 1 February 2024
2,611
367
2,978
Charge for the year
2,054
235
2,289
At 31 January 2025
4,665
602
5,267
At 31 January 2025
6,164
705
6,869
At 31 January 2024
8,218
940
9,158
Amounts falling due within one year
Trade debtors
28,636
20,076
OAL Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
2,234
2,234
Taxes and social security
18,388
11,644
Loans from directors
504
222
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
4,653
6,887
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(222)
(28,112)
(27,830)
(504)
(222)
(28,112)
(27,830)
(504)
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).