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COMPANY REGISTRATION NUMBER: 12165109
Oxygen Solutions Limited
Filleted Unaudited Financial Statements
31 August 2024
Oxygen Solutions Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
3
1,439,016
1,144,146
Current assets
Debtors
4
300
201
Cash at bank and in hand
53,719
1,328
--------
-------
54,019
1,529
Creditors: amounts falling due within one year
5
387,676
266,980
---------
---------
Net current liabilities
333,657
265,451
------------
------------
Total assets less current liabilities
1,105,359
878,695
Creditors: amounts falling due after more than one year
6
1,088,688
880,038
------------
---------
Net assets/(liabilities)
16,671
( 1,343)
------------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,571
( 1,443)
--------
-------
Shareholders funds/(deficit)
16,671
( 1,343)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Oxygen Solutions Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
VM Nandha
Director
Company registration number: 12165109
Oxygen Solutions Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 165-167 Radford Road, Hyson Green, Nottingham, NG7 5EH.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
3. Tangible assets
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 September 2023
1,143,228
1,632
1,144,860
Additions
295,100
295,100
------------
-------
------------
At 31 August 2024
1,438,328
1,632
1,439,960
------------
-------
------------
Depreciation
At 1 September 2023
714
714
Charge for the year
230
230
------------
-------
------------
At 31 August 2024
944
944
------------
-------
------------
Carrying amount
At 31 August 2024
1,438,328
688
1,439,016
------------
-------
------------
At 31 August 2023
1,143,228
918
1,144,146
------------
-------
------------
4. Debtors
2024
2023
£
£
Trade debtors
300
Other debtors
201
----
----
300
201
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,580
Corporation tax
3,100
Loan creditors
179,100
Other creditors
203,896
266,980
---------
---------
387,676
266,980
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,088,688
880,038
------------
---------
The bank loans are secured on the freehold properties.