Oasis Financial Solutions Limited NI053255 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is provision of financial services. Digita Accounts Production Advanced 6.30.9574.0 true NI053255 2024-02-01 2025-01-31 NI053255 2025-01-31 NI053255 bus:OrdinaryShareClass1 2025-01-31 NI053255 bus:OrdinaryShareClass2 2025-01-31 NI053255 core:CurrentFinancialInstruments 2025-01-31 NI053255 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 NI053255 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 NI053255 core:FurnitureFittingsToolsEquipment 2025-01-31 NI053255 bus:SmallEntities 2024-02-01 2025-01-31 NI053255 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 NI053255 bus:FilletedAccounts 2024-02-01 2025-01-31 NI053255 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 NI053255 bus:RegisteredOffice 2024-02-01 2025-01-31 NI053255 bus:CompanySecretaryDirector1 2024-02-01 2025-01-31 NI053255 bus:Director1 2024-02-01 2025-01-31 NI053255 bus:Director3 2024-02-01 2025-01-31 NI053255 bus:Director4 2024-02-01 2025-01-31 NI053255 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 NI053255 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 NI053255 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI053255 bus:Agent1 2024-02-01 2025-01-31 NI053255 core:Goodwill 2024-02-01 2025-01-31 NI053255 core:FurnitureFittings 2024-02-01 2025-01-31 NI053255 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 NI053255 countries:NorthernIreland 2024-02-01 2025-01-31 NI053255 2024-01-31 NI053255 core:FurnitureFittingsToolsEquipment 2024-01-31 NI053255 2023-02-01 2024-01-31 NI053255 2024-01-31 NI053255 bus:OrdinaryShareClass1 2024-01-31 NI053255 bus:OrdinaryShareClass2 2024-01-31 NI053255 core:CurrentFinancialInstruments 2024-01-31 NI053255 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI053255 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 NI053255 core:FurnitureFittingsToolsEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI053255

Oasis Financial Solutions Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 January 2025

Oasis Financial Solutions Limited

Contents

Company Information | 1
Accountants' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 9

Oasis Financial Solutions Limited

Company Information

Directors | Mr Jonathan Robb Mrs Victoria Ann Robb Mr John Edward Todd Mr Robert Duncan

Company secretary | Mrs Victoria Ann Robb

Registered office | 4 Wellington place Belfast BT1 6GE

Accountants | Hamilton Morris Waugh Chartered Certified Accountants34 Dufferin Avenue Bangor Down BT20 3AA

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oasis Financial Solutions Limited
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 Oasis Financial Solutions Limited for the year ended 31 January 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Oasis Financial Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Oasis Financial Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Oasis Financial Solutions Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oasis Financial Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Oasis Financial Solutions Limited 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 Oasis Financial Solutions Limited. You consider that Oasis Financial Solutions Limited 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 Oasis Financial Solutions Limited. 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.

......................................
Hamilton Morris Waugh
Chartered Certified Accountants
34 Dufferin Avenue
Bangor
Down
BT20 3AA

30 August 2025

Oasis Financial Solutions Limited

(Registration number: NI053255)
Abridged Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 10,000
Tangible assets | 5 | 10,278 | 15,861
|  | 10,278 | 25,861
Current assets |  |  |
Debtors |  | 125,133 | 129,094
Cash at bank and in hand |  | 231,830 | 154,601
|  | 356,963 | 283,695
Creditors: Amounts falling due within one year |  | (150,192) | (118,288)
Net current assets |  | 206,771 | 165,407
Total assets less current liabilities |  | 217,049 | 191,268
Creditors: Amounts falling due after more than one year |  | (24,496) | (30,460)
Provisions for liabilities |  | (1,547) | (3,313)
Accruals and deferred income |  | (3,096) | (2,627)
Net assets |  | 187,910 | 154,868
Capital and reserves |  |  |
Called up share capital | 6 | 102 | 102
Retained earnings |  | 187,808 | 154,766
Shareholders' funds |  | 187,910 | 154,868

Oasis Financial Solutions Limited

(Registration number: NI053255)
Abridged Balance Sheet as at 31 January 2025

For the financial 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2025 and signed on its behalf by:

......................................... Mr Jonathan Robb Director

Oasis Financial Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
4 Wellington place
Belfast
BT1 6GE

These financial statements were authorised for issue by the Board on 30 August 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 abridged 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 abridged 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.

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 tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Oasis Financial Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

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
Fixtures and fittings | Straight Line over 4 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight Line over 5 years

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.

Oasis Financial Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

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

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.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 20).

Oasis Financial Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 February 2024 | 854,790
At 31 January 2025 | 854,790
Amortisation
At 1 February 2024 | 844,790
Amortisation charge | 10,000
At 31 January 2025 | 854,790
Carrying amount
At 31 January 2025 | -
At 31 January 2024 | 10,000

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 167,963 | 167,963
Additions | 780 | 780
At 31 January 2025 | 168,743 | 168,743
Depreciation
At 1 February 2024 | 152,102 | 152,102
Charge for the year | 6,363 | 6,363
At 31 January 2025 | 158,465 | 158,465
Carrying amount
At 31 January 2025 | 10,278 | 10,278
At 31 January 2024 | 15,861 | 15,861

Oasis Financial Solutions Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100
Ordinary shares class B of £1 each | 2 | 2 | 2 | 2
| 102 | 102 | 102 | 102